Apple’s smartphone shipments in China fell 2.1 per cent in the fourth quarter of 2023 compared to the same time a year ago, hampered by increased rivalry from local rivals headed by Huawei, according to IDC statistics released on Thursday. The reduction highlights the hurdles that the US business has in its third-largest market, as […]
India’s gems and jewellery exports experienced a decline of 11.49 per cent, reaching Rs 22,873.19 crore (USD 2,748.01 million) in October, as per data from the Gem and Jewellery Export Promotion Council (GJEPC). In comparison, gross exports in October 2022 were Rs 25,843.84 crore (USD 3,134.85 million). Cut and Polished Diamonds (CPD) exports fell by […]
Nokia has reported staggering growth in its net sales within the Indian market, marking a remarkable year-over-year surge of 102 per cent. This surge, equivalent to an astonishing 121 per cent when measured in constant currency terms, has propelled Nokia’s net sales in India to an impressive Rs 567 million for the third quarter of […]
Karnataka has recorded a decline in liquor sales in the state in August after the new government increased the excise duty. As per the statement from the Federation of Wine Merchants’ Association, Karnataka, the first two weeks of August have seen a significant decline in both sales and revenue. It may be recalled that while […]
Global smartphone shipments declined 7.8 per cent on a yearly basis to 265.3 million units in the second quarter of 2023 (April-June), preliminary data from the International Data Corporation (IDC) showed. International Data Corporation (IDC) is a global market intelligence and advisory services provider. With this, it marks the eighth consecutive quarter of contraction as […]
Recent data indicates that the United States imports fewer Chinese goods as Western companies shift their supply chains away from China, a media report said. Chinese products, which comprise the largest share of low-cost Asian imports in the US, are expected to drop below 50 per cent for the first time in over 10 years, […]
The new financial year 2023-24 kicked off on a relatively weaker note for retail vehicle sales in India as data showed they declined in the month of April. April saw a four per cent decline in total retail vehicle sales. Category-wise, two-wheelers and personal vehicle sales declined 7.30 per cent and 1.35 per cent to […]
Tech giant Apple’s personal computer shipments during January-March 2023 quarter declined over 40 per cent on a yearly basis owing to weak demand and weak macroeconomic fundamentals, data compiled by International Data Corporation (IDC) showed. International Data Corporation (IDC) is a global provider of market intelligence and advisory services. Apple’s PC shipments dropped the most […]
