Titan Q2 misses estimates, profit rises 1.8% on weak jewellery biz

Titan Company reported a muted set of numbers for the quarter ended September 2019. Profit grew 1.8 percent at Rs 320.2 crore on the back of subdued growth in the jewellery business which contributes 80 percent to revenue. Profit in September quarter 2018 stood at Rs 314.4 crore. Revenue during the quarter grew by 0.6 percent year-on-year to … Read more Titan Q2 misses estimates, profit rises 1.8% on weak jewellery biz

Apple Issues Profit Warning, Cuts Revenue Outlook By $9 Billion Amid Pricey iPhone Sales Drop

tomorrow’s prices Apple CEO Tim Cook issued the Silicon Valley company’s first profit warning in 16 years, knocking $9 billion off its revenue outlook for the December quarter blaming the drop in iPhone sales on China’s slowing economy and consumers savvy-ness rather than on years of price gouging and the lack of product innovation. (Photo … Read more Apple Issues Profit Warning, Cuts Revenue Outlook By $9 Billion Amid Pricey iPhone Sales Drop

Samsung profit estimate surges despite Note 7 battery fiasco

Samsung Electronics has reported a 50% profit surge in its guidance for the fourth quarter despite the fiasco with its flagship Note 7 phone. The earnings estimate is higher than analysts predicted and would mark its highest quarterly profit since 2013. In October, the world’s largest smartphone maker had to scrap the Note 7 after … Read more Samsung profit estimate surges despite Note 7 battery fiasco