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Telecom NewsApple posts 12% increase in total income to Rs 13,098 cr in India in FY18
The Indian unit of Apple more than doubled its profit in the year ended March 2018, but sales grew at a slower pace which analysts attributed to weakened demand for iPhone models after their prices went up in January due higher import duties, and Chinese aggression in the premium smartphone segment. Apple posted a 12% increase in total income to Rs 13,097.64 crore in India in the last fiscal year, compared with Rs 11,704.32 crore the previous year,...read more
Telecom NewsChinese electronics major Xiaomi plans to float a NBFC in India, to soon seek RBI approval
Xiaomi plans to foray into consumer finance and business-to-business lending by floating a non-banking financial company (NBFC), the Chinese smartphone and electronics major has said in its latest regulatory disclosure. The new company, Xiaomi Financial Services India, will soon seek the Reserve Bank of India’s approval to operate as an NBFC....read more
Telecom NewsXiaomi unveils Redmi 6, Redmi 6A, Redmi 6 Pro in India to take on Samsung
China''s Xiaomi has expanded its handset portfolio with the launch of three new smartphones - Redmi 6, Redmi 6A and Redmi 6 Pro - starting Rs 5,999, as it looks to further bolster its market share and better compete with its arch-rival Samsung ahead of the festive season....read more
Telecom NewsXiaomi India says migrating its local data to India cloud infrastructure
Chinese handset maker Xiaomi said that it is migrating its Indian data to cloud service providers Amazon Web Services (AWS) and Microsoft Azure with infrastructure in India. The migration will be completed by the end of 2018. All new Indian user data since 1 July is already being stored in local servers and all existing user data on mi.com/in/ will be fully migrated to servers in India by mid-September 2018, the company said...read more
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