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Vivo, Xiaomi Top India’s Smartphone Market in 2024; Samsung Slips to Third: Counterpoint
India's smartphone market saw a nine percent year-on-year (YoY) growth in revenue in 2024 on a wholesale price basis to reach a record high, as per a report by a market research firm. Samsung, which claimed the top spot in the global smartphone market share, slipped below Vivo and Xiaomi to third place in India's smartphone market share.
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Intel's Quarterly Revenue Tops Expectations as Investors Await New CEO
As Intel undergoes a historic transition and attempts to emerge from one of its bleakest periods, its December quarter results have beat analysts' low expectations. Shares of the Santa Clara, California-based company climbed 3.8 percent in after-hours trading. Last year, Intel's shares lost about 60 percent.
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5 Things to Know About Apple's Performance in India From CEO Tim Cook's Q4 Results Call
Apple reported its Q4 2024 earnings on Thursday, revealing that the company's revenue was up 4 percent to $124.3 billion and earnings per share were up 12 percent to $1.64. Services revenue hit a record $25 billion in Q4 2024. Apple CEO Tim Cook announced plans to expand Apple Intelligence features and noted 'double-digit' growth in Brazil, Mexico,...
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EA Revises Revenue Forecast After EA Sports FC 25, Dragon Age: The Veilguard Sales Disappoint
Electronic Arts shares sank more than 15 percent on Thursday. FC 25 was hit with mixed reviews as players bemoaned the lack of new features and innovation, including in-game physics and goal-scoring mechanisms, Jefferies analysts said.
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Apple Approaches $4 Trillion Valuation as Investors Bet on AI Momentum
Apple expects overall revenue to increase "low- to mid-single digits" during its fiscal first quarter - a modest growth forecast for the holiday shopping season - sparking questions about the momentum for the iPhone 16 series.
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Zoom Changes Name to Emphasise AI Offerings, Gives Sales Forecast
Zoom Video Communications gave a sales forecast for the current quarter that failed to impress investors who were expecting a bigger boost from the company’s expanded suite of products. Revenue will be about $1.18 billion (roughly Rs. 15,170 crore) in the period ending in January, Zoom said Monday in a statement.
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Telegram Update Adds Improved Video Speed Controls, Last Edit Timestamps and Chat-Specific Hashtags
Telegram has been updated with new video and chat editing features. Users will get access to new video speed controls and enhanced video quality. Additionally, Telegram will indicate the most recent edit time of a message within a chat. Developers have access to new monetisation options on the platform.
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Intel Set for Big Drop in Quarterly Revenue as Chipmaker Struggles to Bounce Back
Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker.
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Musks AI Side Gig Should Keep Its Distance From Tesla
If Tesla were to now actually invest billions in xAI, and/or share revenue with it, the potential conflict of interest could hardly be clearer.
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Elon Musk Denies Report That Claims xAI Held Talks Over Share in Tesla Revenue
Elon Musk has refuted that his AI startup xAI has held talks for a share in future Tesla revenue in return for giving Tesla the access to xAI's technology and resources.
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GoPro to Cut 15 Percent of Workforce in Restructuring Push
GoPro has decided to cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating expenses. The company expects to take charges in the range of $5 million (roughly Rs. 41.8 lakh) to $7 million (roughly Rs. 58.6 lakh) for the restructuring plan,
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OpenAI Is A Bigger Threat To Google Than US Regulators
Google has long been synonymous with search, commanding around 90% of the global market share and bringing in about $175 billion in annual revenue through the business
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Adani Green Q1 Cash Profit Rises 32% To Rs 1,390 Crore, Revenue Up 24%
Ahmedabad, July 25 (IANS) Adani Green Energy Ltd (AGEL) on Thursday reported robust results for the April-June quarter (Q1) of the current fiscal, clocking a 23 per cent industry-leading EBITDA growth at Rs 2,374 crore, as cash profit surged 32 per c
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Share Market Reverses Early Loss To Hit Record High Led By IT Stocks
Indian shares reversed early losses to hit record highs on Thursday, led by information technology stocks, after software services provider LTIMindtree posted a revenue beat in the June quarter.
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Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
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Vivo, Xiaomi Top India’s Smartphone Market in 2024; Samsung Slips to Third: Counterpoint
India's smartphone market saw a nine percent year-on-year (YoY) growth in revenue in 2024 on a wholesale price basis to reach a record high, as per a report by a market research firm. Samsung, which claimed the top spot in the global smartphone market share, slipped below Vivo and Xiaomi to third place in India's smartphone market share.
-
Intel's Quarterly Revenue Tops Expectations as Investors Await New CEO
As Intel undergoes a historic transition and attempts to emerge from one of its bleakest periods, its December quarter results have beat analysts' low expectations. Shares of the Santa Clara, California-based company climbed 3.8 percent in after-hours trading. Last year, Intel's shares lost about 60 percent.
-
5 Things to Know About Apple's Performance in India From CEO Tim Cook's Q4 Results Call
Apple reported its Q4 2024 earnings on Thursday, revealing that the company's revenue was up 4 percent to $124.3 billion and earnings per share were up 12 percent to $1.64. Services revenue hit a record $25 billion in Q4 2024. Apple CEO Tim Cook announced plans to expand Apple Intelligence features and noted 'double-digit' growth in Brazil, Mexico,...
-
EA Revises Revenue Forecast After EA Sports FC 25, Dragon Age: The Veilguard Sales Disappoint
Electronic Arts shares sank more than 15 percent on Thursday. FC 25 was hit with mixed reviews as players bemoaned the lack of new features and innovation, including in-game physics and goal-scoring mechanisms, Jefferies analysts said.
-
Apple Approaches $4 Trillion Valuation as Investors Bet on AI Momentum
Apple expects overall revenue to increase "low- to mid-single digits" during its fiscal first quarter - a modest growth forecast for the holiday shopping season - sparking questions about the momentum for the iPhone 16 series.
-
Zoom Changes Name to Emphasise AI Offerings, Gives Sales Forecast
Zoom Video Communications gave a sales forecast for the current quarter that failed to impress investors who were expecting a bigger boost from the company’s expanded suite of products. Revenue will be about $1.18 billion (roughly Rs. 15,170 crore) in the period ending in January, Zoom said Monday in a statement.
-
Telegram Update Adds Improved Video Speed Controls, Last Edit Timestamps and Chat-Specific Hashtags
Telegram has been updated with new video and chat editing features. Users will get access to new video speed controls and enhanced video quality. Additionally, Telegram will indicate the most recent edit time of a message within a chat. Developers have access to new monetisation options on the platform.
-
Intel Set for Big Drop in Quarterly Revenue as Chipmaker Struggles to Bounce Back
Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker.
-
Musks AI Side Gig Should Keep Its Distance From Tesla
If Tesla were to now actually invest billions in xAI, and/or share revenue with it, the potential conflict of interest could hardly be clearer.
-
Elon Musk Denies Report That Claims xAI Held Talks Over Share in Tesla Revenue
Elon Musk has refuted that his AI startup xAI has held talks for a share in future Tesla revenue in return for giving Tesla the access to xAI's technology and resources.
-
GoPro to Cut 15 Percent of Workforce in Restructuring Push
GoPro has decided to cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating expenses. The company expects to take charges in the range of $5 million (roughly Rs. 41.8 lakh) to $7 million (roughly Rs. 58.6 lakh) for the restructuring plan,
-
OpenAI Is A Bigger Threat To Google Than US Regulators
Google has long been synonymous with search, commanding around 90% of the global market share and bringing in about $175 billion in annual revenue through the business
-
Adani Green Q1 Cash Profit Rises 32% To Rs 1,390 Crore, Revenue Up 24%
Ahmedabad, July 25 (IANS) Adani Green Energy Ltd (AGEL) on Thursday reported robust results for the April-June quarter (Q1) of the current fiscal, clocking a 23 per cent industry-leading EBITDA growth at Rs 2,374 crore, as cash profit surged 32 per c
-
Share Market Reverses Early Loss To Hit Record High Led By IT Stocks
Indian shares reversed early losses to hit record highs on Thursday, led by information technology stocks, after software services provider LTIMindtree posted a revenue beat in the June quarter.
-
Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
