Flipkart sees strong quarter, says Walmart, Ola goes hiring after slew of exits, Twitter opens the gates for app developers, Elon Musk & Tesla under the spotlight
© Provided by CNBCTV18 Here’re the top stories from the startup and technology space: India Startup News Flipkart doubles fulfilment capacity YoY, sees strong quarter, says Walmart Ecommerce major Flipkart doubled its fulfilment capacity versus last year…
Uber Ride Share Business Regains Traction In Quarter
Uber on Thursday said its ride share and food delivery businesses gained traction in the recently-ended quarter as people began getting out more but were still ordering in. News of drivers and riders returning to the platform came in a quarterly earnings…
Supply Chain Constraints Finally Catch Up to the Global Smartphone Market, Contributing to a 6.7% Decline in Third Quarter Shipments, According to IDC
The double-digit growth in the smartphone market in the early quarters of 2021 came to an end in the third quarter of 2021 (3Q21) as worldwide shipments declined 6.7% year over year. According to preliminary data from the International Data Corporation…
VC Daily: Question: What’s Top of Mind for VCs as the Fourth Quarter Approaches?
Good day. Last week, we asked about how startup founders are reacting to concerns about the economy losing steam amid rising coronavirus cases. Allan Evans was previously the chief executive at venture-backed startup Fat Shark, which developed headsets…
5G Drives Double-digit Growth for the Sixth Straight Quarter in Smartphone Apps Processors, Finds Strategy Analytics
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. MediaTek and Unisoc Post Triple-digit Revenue Growth BOSTON–(BUSINESS WIRE)– For the sixth straight quarter, the global smartphone…
Apple Blockbuster Quarter Boosted by Strong Sales in China
(Bloomberg) — Apple Inc. pulled off a strong quarter in China by switching up retail tactics and pushing a cheaper iPhone, becoming one of the few U.S. tech giants to ride the country’s post-pandemic recovery despite Washington-Beijing tensions.…
Tesla’s ‘Home-Run Quarter’ Leaves Even the Bears Praising Elon Musk
(Bloomberg) — Tesla Inc. shares extended their meteoric gains as even the most pessimistic analysts struggled to find faults in the electric car-maker’s quarterly earnings report. It was a “home-run quarter” for Elon Musk, according to Wedbush’s…
Tesla reports $104m profit in second quarter of 2020 as ‘ridiculous’ market valuation soars
Tesla CEO Elon Musk gestures during the Tesla China-made Model 3 Delivery Ceremony in Shanghai: AFP via Getty Images Tesla has posted a second-quarter profit for its fourth quarter in a row, with a net profit of US$104 million (approximately £81.9…
Tesla hits milestone in reporting a profit for its fourth straight quarter
Tesla reported a profit for the fourth straight quarter on Wednesday, surpassing a key milestone for the perennially loss-making electric car company. The company reported net income of $110m for the second quarter with a net profit of $104m, which it…