Lenovo has announced results for its third fiscal quarter ended December 31, 2015. The company recorded quarterly revenue of $12.9 billion, an 8 percent year-over-year decrease. The company said net profit reached $300 million, up 19% from $253 million in the same period.
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Reliance Communications has posted a 14.9 per cent fall in consolidated net profit of ₹171 crore for the Q3 ending December 31. The net profits saw a drop mainly due to loss of 2G mobile service licences in five circles – West Bengal, Bihar, Assam, Odisha and the north-east service areas in 2015.
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Most of us would probably know that Apple make huge profits from their smartphone sales. But what is shocking is the amount of profit they make when you compare it to the entire smartphone industry. Apparently, Apple received 94% of all the profits generated in the smartphone industry during Q3 2015.
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Xiaomi has reported a biggest ever quarter in India since it started its operations in the country in 2014. The Chinese smartphone maker has sold more than 1 million smartphones in India in Q3, 2015 (July, August and September).
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Facebook has exceeded analyst estimates and recorded a whopping $4.5B in revenue for Q3, 2015. The social network reported a 41% year-over-year increase in revenues.
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Just yesterday, IDC revealed its numbers for the worldwide smartphone shipment and today, the research firm is out with report for the global tablet shipments. A total of 48.7 million units were shipped in the Q3 2015, reporting a 12.6% decline owing to the challenges faced by the tablet market.
Continue reading “Global tablet shipments decline 12.6% in Q3 2015: Report”
