Tech giant Apple clocked about 29% jump in its revenue in India at Rs 13,755.8 crore in FY2020, while its net profit witnessed manifold growth, documents sourced by business intelligence platform Tofler said. Apple India’s revenue stood at Rs 10,673.7 crore for the fiscal ended March 31, 2019. The iPhone maker recorded a net profit of Rs 926.2 …
After PUBG Mobile ban in India, gamers shift to other games
Call of Duty Mobile, Garena Free Fire, Fortnite, and Battleground Royale have reportedly seen steady growth in users over the past few months, especially since the PUBG Mobile ban in India. “PUBG Mobile ban in India had a transitory impact on slowing down the mobile gaming in the country. Beyond the initial state of shock, users …
Mobile gaming in India on the rise, thanks to COVID19
Mobile gaming in India is on the upswing, driven by consumers staying at home amidst the pandemic-induced lockdown. As per a new CMR Report, The Next Gen Mobile Consumer, mobile gaming has increased among three in every five serious gamers, with four hours being average duration of increase since the lockdown began in India. Interestingly, …
Online retailers battle for consumers ahead of Diwali
India’s two biggest online retailers, Walmart-owned Flipkart and Amazon, are going head-to-head with their own shopping events: Big Billion Days and the Great Indian Festival. Deep-pocketed JioMart, which is owned by Asia’s wealthiest billionaire, is looking for market share, too. This year is particularly important as the world reels from economic fallout caused by the coronavirus …
Apple shares drop nearly 4%, erases $80Bn in market cap
Shares of American technology giant Apple Inc. fell by as much as 4% intra-day on 13 October after the company unveiled its first ever 5G iPhone. The drop wiped off approximately $81 billion from the company’s market capitalization, as investors reacted to the new launch. Experts said the drop is most likely temporary and is …
Apple’s grand plans rest on iPhone 12 mini, HomePod mini
Apple big fall event has always been about new flagship iPhones. While this year Apple unveiled the much-awaited iPhone 12 line-up including the iPhone 12, iPhone 12 Pro and iPhone 12 Pro Max, it was the mini moniker that stole the show. Analysts predict the iPhone 12 mini will not just be popular but will …
Apple set to grow at 16-22% YoY in India, with iPhone 11 and 12
Apple is set to clock a 16-22% on year growth in smartphone shipments in India in 2020, sharply higher than a 4% rise in 2019 and a 44% fall in 2018, driven largely by older generation of its iPhones like XR and 11 and the latest iPhone 12 mini, say analysts. They added that Apple’s …
Pandemic? Small-town India set to drive record festive sales
While the ongoing pandemic has left crores of Indians in deep financial trouble who are struggling to make ends meet, the Aspirational India — riding on the pent-up demand and discretionary income — is all set to embark on a record online festive sale journey that begins this week. E-commerce marketplaces Amazon, Flipkart and Snapdeal …
Why the world needs to wake up to India’s Jio Platforms?
Billion-dollar investments, marquee shareholders, and a business built without any Chinese footprint, India’s 10-month old Jio Platforms appears to have all the right ingredients to become the next big global tech giant. At a time when the world is dealing with a raging pandemic and the global economy is in turmoil, Jio Platforms, a digital …
‘Neo normal’ Indians shun Covid fears as food orders surge
If you are among those who are thrilled to once again see food delivery boys all around, or plan to visit a restaurant and does not get reservation or have to fight for one — as COVID-19 caseloads surge by nearly one lakh a day in India — mind you that this situation does not …