Sales
China smartphone sales drop 9% y/y over Singles’ Day shopping festival
APPLE sold fewer smartphones during China’s Singles’ Day shopping festival this year as it faced pressure from an “abnormally high” number of rival handsets launched around the event, Counterpoint...
Xiaomi Q3 revenue soars 30.5% as sales of its first electric car surge
CHINESE electronics maker Xiaomi Corp posted a 30.5 per cent jump in third-quarter revenue as consumers clamoured for its first electric vehicle, the SU7 sedan.
Xiaomi launched the car, which...
Timing of DBS share buyback announcement and its CEO’s share sales was not a good look
One solution is to prohibit share sales by top executives during share buybacks; another is to disclose valuations at which buybacks would make senseSOME investors may have had mixed...
Dip in Singapore consumers’ trust in general insurers and insurance sales staff: report
THE level of trust Singapore consumers have in general insurers and their intermediaries such as brokers and advisers slipped in 2024, compared with the previous year, a study has found.The...
Global EV sales up 35% in October, Europe ekes out a gain
GLOBAL sales of fully electric and plug-in hybrid vehicles rose 35 per cent in October from the same month last year, with growth across all regions led by a...
Spotify beats subscriber, margin estimates even as ad sales lag
SPOTIFY Technology reported third-quarter growth in subscribers and profit margins, saying lower marketing and personnel costs helped the music streaming service overcome a tough climate for advertising.Paying subscribers grew...
Infineon forecasts sales decline on sluggish car chip demand
INFINEON Technologies forecast revenue will decline in the 2025 fiscal year, missing analyst estimates, in a sign that demand from automotive customers in Europe and the US will remain...
Pierre Cardin to be hit with EU antitrust fine for cross-border sales curbs: sources
FRENCH fashion house Pierre Cardin is set to be fined in the coming weeks for licensing and distribution deals with German clothing maker Ahlers in breach of European Union...
