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VIVO PROFIT
Dixon Tech shares rally 5% amid reports of government nod for Vivo JV this monthDixon Technologies shares surged rose sharply on Wednesday after reports suggested the government may approve its long-pending joint ventur...- Xiaomi brings in South Asia head to revive Indian operationsChinese smartphone maker Xiaomi is bringing in Alexander Tang to head its India business as it looks to revive falling market share and imp...
- Waiting for your dream phone to get cheaper? That moment may never comeSmartphone prices are no longer dropping predictably. The demand for AI chips is causing component costs to surge. This means phones are la...
- Execution and balance sheet strength will decide EMS sector winners: Praveen SahayInvestors are now prioritizing financial discipline in the electronics manufacturing services sector. Companies are expanding and investing...
- Dixon Tech shares jump 6% despite weak Q4 results. Do Goldman Sachs, Motilal Oswal forecast further upside?Dixon Technologies' shares saw a rally despite a 36% drop in March quarter net profit. Revenue from operations increased by 2% year-on-year...
- Dixon Tech Q4 profit falls 36% despite revenue growth and expansion plansDixon Technologies reported a sharp decline in quarterly profit due to weak consumer demand, rising component costs, and the end of PLI ben...
- Old stock turns gold for retailers as smartphone prices rise amid memory cost inflationAs memory prices experience inflation, the landscape of India's smartphone market is shifting. Retailers momentarily benefit from increased...
- Samsung, Apple outpace rivals as global memory chip crunch hits Chinese smartphone makersA global memory chip shortage is impacting smartphone makers. Samsung and Apple are growing their market share. Chinese companies like Xiao...
- China’s top mobile phone manufacturer BBK Group continues to lead Indian marketBBK had a revenue of Rs 81,870 crore in 2022-23 even though it declined by over 2% year-on-year. This includes sales of the five BBK Group ...
- Vivo India back in the black in FY23, reports Rs 211-cr net profitThe smartphone brand, India's third largest by sales, reported a net profit of ₹211 crore for FY23, as per its recent filings with the Regi...
- Vivo Mobile India's FY22 net loss at Rs 123 croreThe Enforcement Directorate (ED) had filed a chargesheet last week against the company alleging that it had remitted Rs 1 lakh crore outsid...
- Vivo's India business reports net profit of ₹552 crore in FY21The Chinese smartphone maker’s India business reported a net profit of Rs 552 crore on an operating revenue of Rs 24,725 crore in FY21, acc...
- Anti-China mood no hurdle for electronics brandsComputer maker Lenovo increased its sales in India year-on-year in 2020-21 while smartphone makers Xiaomi and Vivo reported marginal fall i...
- Vivo India revenue grows over 45 per cent to Rs 25,060 crore in FY20The company, which competes with players like Xiaomi and Samsung in the Indian market, saw its losses widen to Rs 348.94 crore in FY20 from...
- Vivo posts highest ever loss of Rs 349 crore in FY20, but revenue up 45% on yearThis comes after its sister brand Oppo also reported its largest loss-making year in FY20 with losses amounting to Rs 2,203 crore. Both Viv...
- China's BBK Group overtakes Samsung to become India's largest mobile phone makerBBK Group’s sales through its two entities in India – Oppo Mobiles India and Vivo Mobile India – increased 65% year-on-year to Rs 63,635 cr...
- Oppo, Vivo sales jump 67% in FY19On a standalone basis, Oppo’s sales went up by 80% at Rs 21,524.6 crore, while Vivo grew by 54% at Rs 17,201.79 crore in 2018-19. BBK Elect...
- Oppo, Vivo post combined loss of Rs 1,225 crore even as sales rise 20%Industry executives attributed the loss to aggressive investments by the companies in the Indian market and absorbing the impact of the rup...
- Change in strategy, lack of desi 4G phones helps Chinese handset makers outsmart Indian rivalsChina's phonemakers are eating into the market share of home-grown smartphone makers who have failed to compete on products, marketing and ...
- Amid big online craze, Vivo and Oppo go offline and winLast quarter, Indian smartphone vendors were pushed out of the top five by the Chinese brigade, who now controls almost half the local mark...
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