Sales Slump
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"We Are Sorry": McDonald's Sales Slump As E.Coli Outbreak Spooks Customers
McDonald's Corp. sales plummeted following news of E. coli infections linked to the chain's Quarter Pounders.
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Royal Enfield Sales Slump On Dwindling Demand For 350-CC Motorcycles
A surge in exports and sales of 450 cc and 650 cc motorcycles werent enough to arrest the slide in Royal Enfields sales in May 2024.
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Apple's iPhone Shipments in China Rebound With 12 Percent Surge in March After Price Cuts
Apple's iPhone shipments in China increased by 12 percent in March after the company and its retailers reduced prices, according to data from a research firm affiliated the Chinese government.
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"Obvious Move": Elon Musk Invites Warren Buffett To Invest In Tesla As Sales Fall
This comes as Tesla's electric vehicle sales are declining globally and it is dealing with difficult times.
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Apple CEO Tim Cook's Surprise Visit To China Amid Slumping Phone Sales
Apple chief Tim Cook made a surprise visit to China this week, greeting gamers in the southwestern city of Chengdu as his company faces slumping phone sales in its biggest market.
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iPhone 15 Pro Max Delivery Shifted to November for Select Countries: Here's Why
Buyers of Apple's new iPhone 15 Pro Max in some countries including China, Japan and the United States may have to wait until November to get the smartphone, an early sign of strong demand for the company as it started taking pre-orders on Friday. The indications are likely to ease some worries about demand for Apple's flagship device after a slump...
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Lenovo Reports 24 Percent Fall in Quarterly Revenue as PC Sales Decline
China's Lenovo Group on Thursday posted a worse-than-expected 24 percent fall in revenue for the April-June quarter, hit by a prolonged slump in global demand for personal computers. It makes four consecutive quarters that the world’s largest PC maker has suffered a sales decline.
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Apple Sets India High During Sales Slump, Surprises In China
Apple Inc. grew revenue in China a surprisingly strong 8% while setting a record for Indian iPhone sales, bright spots in an otherwise disappointing quarterly check-in from the world's most valuable company.
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'India Is at a Tipping Point,' Says CEO Tim Cook as Apple Stakes Future Growth on Emerging Markets
When Apple surprised investors this week with a rise in iPhone sales despite a slump in the global smartphone market, Chief Executive Tim Cook credited emerging markets like India where the company is luring away Android phone users.
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Apple Likely to Report 4 Percent Drop in Quarterly Revenue Despite Recovery in China
Apple will likely report a more than 4 percent drop in revenue, its second straight quarterly decline, weighed down by consumers shunning non-essential purchases such as iPhones and Mac computers and slowing growth at its services business.
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AMD Shares Sink 6 Percent as Company Misses Quarterly Sales Forecast Amid Weak PC Market
Advanced Micro Devices shares slumped on Tuesday after the chipmaker forecast quarterly sales below estimates due to a weak PC market, overshadowing the company's optimism that the chip market would start to recover in the second half of 2023.
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Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
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Microsoft Says Q4 2022 Sales Slowed, Profits Slumped as Cloud Computing Revenue Sees Growth
Microsoft on Tuesday announced its earnings for Q4 2022, revealing that sales slowed and profits slumped in the last quarter of the year. Overall sales rose just two percent in the October-to-December period, the slowest rise in six years, according to the Redmond company.
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Argo Blockchain Sells BTC Mining Biz of Texas to Galaxy Digital Amid Crypto Plunge
Argo Blockchain is under several debts. Amid the ongoing crypto slump, the company has officially sold off its Texas-based mining facility to Galaxy Digital Holdings, a crypto-focussed fintech firm. The company will be using the funds from this sale to initiate and complete the repayments of the pending loans.
-
Sonos CEO Eyes Upbeat Holiday Season as Supply Chain Bottlenecks Ease
Sonos is counting on easing supply chain bottlenecks and a rare set of promotions to lift sales in the holiday quarter, according to CEO Patrick Spence. The firm announced that it had beat estimates on Wednesday, amid a consumer spending slump caused by decades-high inflation.
-
"We Are Sorry": McDonald's Sales Slump As E.Coli Outbreak Spooks Customers
McDonald's Corp. sales plummeted following news of E. coli infections linked to the chain's Quarter Pounders.
-
Royal Enfield Sales Slump On Dwindling Demand For 350-CC Motorcycles
A surge in exports and sales of 450 cc and 650 cc motorcycles werent enough to arrest the slide in Royal Enfields sales in May 2024.
-
Apple's iPhone Shipments in China Rebound With 12 Percent Surge in March After Price Cuts
Apple's iPhone shipments in China increased by 12 percent in March after the company and its retailers reduced prices, according to data from a research firm affiliated the Chinese government.
-
"Obvious Move": Elon Musk Invites Warren Buffett To Invest In Tesla As Sales Fall
This comes as Tesla's electric vehicle sales are declining globally and it is dealing with difficult times.
-
Apple CEO Tim Cook's Surprise Visit To China Amid Slumping Phone Sales
Apple chief Tim Cook made a surprise visit to China this week, greeting gamers in the southwestern city of Chengdu as his company faces slumping phone sales in its biggest market.
-
iPhone 15 Pro Max Delivery Shifted to November for Select Countries: Here's Why
Buyers of Apple's new iPhone 15 Pro Max in some countries including China, Japan and the United States may have to wait until November to get the smartphone, an early sign of strong demand for the company as it started taking pre-orders on Friday. The indications are likely to ease some worries about demand for Apple's flagship device after a slump...
-
Lenovo Reports 24 Percent Fall in Quarterly Revenue as PC Sales Decline
China's Lenovo Group on Thursday posted a worse-than-expected 24 percent fall in revenue for the April-June quarter, hit by a prolonged slump in global demand for personal computers. It makes four consecutive quarters that the world’s largest PC maker has suffered a sales decline.
-
Apple Sets India High During Sales Slump, Surprises In China
Apple Inc. grew revenue in China a surprisingly strong 8% while setting a record for Indian iPhone sales, bright spots in an otherwise disappointing quarterly check-in from the world's most valuable company.
-
'India Is at a Tipping Point,' Says CEO Tim Cook as Apple Stakes Future Growth on Emerging Markets
When Apple surprised investors this week with a rise in iPhone sales despite a slump in the global smartphone market, Chief Executive Tim Cook credited emerging markets like India where the company is luring away Android phone users.
-
Apple Likely to Report 4 Percent Drop in Quarterly Revenue Despite Recovery in China
Apple will likely report a more than 4 percent drop in revenue, its second straight quarterly decline, weighed down by consumers shunning non-essential purchases such as iPhones and Mac computers and slowing growth at its services business.
-
AMD Shares Sink 6 Percent as Company Misses Quarterly Sales Forecast Amid Weak PC Market
Advanced Micro Devices shares slumped on Tuesday after the chipmaker forecast quarterly sales below estimates due to a weak PC market, overshadowing the company's optimism that the chip market would start to recover in the second half of 2023.
-
Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
-
Microsoft Says Q4 2022 Sales Slowed, Profits Slumped as Cloud Computing Revenue Sees Growth
Microsoft on Tuesday announced its earnings for Q4 2022, revealing that sales slowed and profits slumped in the last quarter of the year. Overall sales rose just two percent in the October-to-December period, the slowest rise in six years, according to the Redmond company.
-
Argo Blockchain Sells BTC Mining Biz of Texas to Galaxy Digital Amid Crypto Plunge
Argo Blockchain is under several debts. Amid the ongoing crypto slump, the company has officially sold off its Texas-based mining facility to Galaxy Digital Holdings, a crypto-focussed fintech firm. The company will be using the funds from this sale to initiate and complete the repayments of the pending loans.
-
Sonos CEO Eyes Upbeat Holiday Season as Supply Chain Bottlenecks Ease
Sonos is counting on easing supply chain bottlenecks and a rare set of promotions to lift sales in the holiday quarter, according to CEO Patrick Spence. The firm announced that it had beat estimates on Wednesday, amid a consumer spending slump caused by decades-high inflation.
