India smartphone shipments hit record 39 mln units in Q3

Xiaomi’s market share in last quarter was 17%. Samsung which held 24% of the market in last quarter registered quarter-on-quarter growth of 39

Micromax, which was in third position in July-September past year, has slipped out of top five positions.

Xiaomi emerged as the fastest growing smartphone vendor in India in the September quarter, as its sales quadrupled in the period, according to the International Data Corporation's latest quarterly mobile phone tracker. Xiaomi's market share in last quarter was 17%. Its market share stands at 8.5%. The popular Redmi Note 4 continues to be the highest selling smartphone in the country.

"E-tailers' several rounds of online festival sales in August and September led to robust growth in the smartphone category".

The sales spurt came primarily from online retailers who shipped 13 million handsets during the quarter, 35% more than in the previous year, according to IDC. The number of smartphones shipped by the China-based maker nearly doubled compared to the same quarter a year ago.

Pulling Back the Curtain on Essex Property Trust, Inc. (NYSE:ESS)'s Returns
After $2.98 actual EPS reported by Essex Property Trust Inc for the previous quarter, Wall Street now forecasts 0.34% EPS growth. Following the completion of the sale, the director now owns 4,986 shares of the company's stock, valued at $1,333,206.54.

Pre-festive offers and discounts thrown in by the online sellers gave a big push to demand. "On the back of fresh infusion of funds and focus on India market, the online stores are expected to remain aggressive in 2018 as well", said Jaipal Singh, senior analyst, IDC India. Xiaomi was one of the strongest gainers with around threefold increase in numbers.

"We continue to focus on expanding our offline retail presence through Moto Hubs". Apart from a strong online and offline retail push, the company's demand was fuelled by the Redmi Note 4 device, whose sales in the quarter were estimated at almost 4 million units by IDC.

Samsung, which held 24% of the market in last quarter, registered quarter-on-quarter growth of 39%. Galaxy J2, Galaxy J7 Nxt, and GalaxyJ7 Max were the key models that contributed to nearly 60 percent of Samsung's volume.

Related:

  • Eskom's Qoma calls Minister Lynne Brown a liar

    Eskom's Qoma calls Minister Lynne Brown a liar

    Eskom chair Zethembe Khoza said on Tuesday that the way Qoma spoke about Brown at the inquiry was "not part of the Eskom culture". According to Qoma, she did nothing about Trillian's dubious dealings with Eskom. "She is totally incapable", he said.

    Tracking Shares of American Axle & Manufacturing (AXL) — Technical Focus

    Price-To-Cash-Flow-Ratio is a term that indicates the degree of cash flow valuation of the enterprise in the securities market. Joseph Piotroski developed the F-Score which employs nine different variables based on the company financial statement.

    Airbus wins biggest jet order from Indigo Partners

    Emirates now relies exclusively on the Airbus 380 and the Boeing 777 for its flights, making it the largest operator of both. The Indigo Partners deal is the single largest order by number of aircraft that any individual plane maker has received.
  • Aden airport receives first commercial flight after Yemen blockade

    Aden airport receives first commercial flight after Yemen blockade

    The Saudi-led coalition forced the closure of Sanaa airport in August 2016 to all but a few United Nations aid flights. The blockade "is complicating what is already a catastrophic situation", McGoldrick said.

    Senior Housing Properties Trust (SNH) Given "Buy" Rating at B. Riley

    November 3 investment analysts at SunTrust Banks maintained a company rating of "Buy" targeting a price of $15.00. (NYSE:MPW). As of the end of the quarter Mirae Asset Global Investments Co., Ltd. had sold 7,101 shares trimming its holdings by 6.7%.

    Applied Materials, Inc. (AMAT) Given "Buy" Rating at B. Riley

    The forward P/E of Applied Materials, Inc.is at 15.39 signifying the uses of estimated net earnings over the next 12 months. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock.
  • HTC has presented a VR-helmet with 6 levels of freedom

    HTC has presented a VR-helmet with 6 levels of freedom

    For some time, they said that the project will consistently happen, but now it seems like entire project has been cancelled. There is no need to set up sensors when using the headset.
    Big-rig crash blocks lanes on I-80 in San Pablo Tuesday

    Big-rig crash blocks lanes on I-80 in San Pablo Tuesday

    Authorities have reopened northbound lanes of Interstate 5 following a multi-vehicle crash that killed a man early Tuesday. The CHP issued a Sig Alert for severe traffic around 8:20 a.m., because all lanes but the far left one were blocked.
    Razer unveils new water-resistant keyboard

    Razer unveils new water-resistant keyboard

    The higher the number, the better, with the highest number being 7 for dust protection and 9 for water resistance. Approximate size: 203 mm/7.98 in. (Width) x 60 mm/2.36 in.
  • EPS for Navios Maritime Holdings Inc. (NM) Expected At $

    The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. The price to book ratio or market to book ratio for Navios Maritime Midstream Partners L.P. (NYSE:NAP) now stands at 0.657036.
    Zimbabwe military denies coup, says President Mugabe safe

    Zimbabwe military denies coup, says President Mugabe safe

    Earlier, heavy gunfire was heard in the Harare suburbs near to Mugabe's compound as the crisis in the African nation intensifies. Workers were told that they "should not worry", a source added, and that soldiers were only there to protect the site.

    Checking the Overall Picture for AK Steel Holding Corporation (AKS)

    The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . The expected X's profit could reach $105.06M giving the stock 11.11 P/E in the case that $0.60 earnings per share is reported.

Comments

Latest news

The Zynga Inc. (ZNGA) Receives Outperform Rating from Wedbush
The stock is now moving above its 20-Day Simple Moving Average of 0.72% with a 50-Day Simple Moving Average of 1.79 percent. Zynga Inc . ( ZNGA ) is an interesting player in the Technology space, with a focus on Multimedia & Graphics Software.

Featured Stock Overview: The Trade Desk, Inc. (TTD)
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . In the most updated research from a number of analysts on Wall Street, the company gets 12 Buys and 0 Sell among 18 analysts.

Dcc Plc's (DCC) "Overweight" Rating Reaffirmed at JP Morgan Chase & Co
Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Barclays PLC restated an "equal weight" rating on shares of AVEVA Group plc in a research report on Thursday, October 12th.

Stock Performance to Track: Best Buy Co., Inc. (BBY)
LS Investment Advisors LLC raised its position in shares of CoreSite Realty Corporation by 4.6% during the 2nd quarter. Pioneer Investment Management Inc added to its holdings by buying 118,096 shares an increase of 12.1% in the quarter.

Palladium Partners LLC Sells 2776 Shares of Johnson & Johnson (JNJ)
Bush Odonnell Investment Advisors Inc holds 4.43% of its portfolio in Northern Trust Corporation for 73,892 shares. Lbmc Investment Advisors LLC raised its position in shares of Johnson & Johnson by 0.4% in the 1st quarter.

This 10-year-old unlocked his mom's iPhone X using Face ID
The company's researchers said that the iPhone X's fingerprint sensor was the most secure biometric security feature. Malik demonstrates the unlocking in a clip above with his mother, Sana Sherwani - complete with a dab at the end.

How early is too early to put up Christmas decor?
There's little to no exclusive Thanksgiving music, no tradition of gift-giving and it certainly isn't a cross-cultural holiday. The sky is the limit when it comes to making your own decorations, and you can have your own personalized ones as well.

Australia - Q3 Wage Price Index due today
"Annual wages growth increased marginally to 2.0% in the September quarter 2017", said Bruce Hockman, Chief Economist at the ABS. Data on Tuesday showed that US producer prices increased by in October, exceeding expectations for a 0.1% uptick.

Las Vegas murder suspect added to FBI's 10 most wanted list
Anyone with information about Munguia's whereabouts was asked to call the FBI at 1-800-CALL-FBI (1-800-225-5324). Munguia has ties to Southern California especially Los Angeles and Bakersfield.

Occidental Petroleum Corp (OXY) Ownership Decreased by Sound Shore Management Inc
It worsened, as 82 investors sold OXY shares while 326 reduced holdings. 72 funds opened positions while 315 raised stakes. BofA/Merrill upgraded coverage for the stock on 15/03/2017 and Credit Suisse issued a upgraded the stock on 14/03/2017.

Lookout for Relative Strength Index: Barrick Gold Corporation (NYSE: ABX)
After $-0.12 actual EPS reported by Everbridge Inc for the previous quarter, Wall Street now forecasts 25.00% negative EPS growth. Neuberger Berman Group LLC acquired a new position in Barrick Gold Corporation in the second quarter valued at about $161,000.

Dems renew calls for gun control in wake of Texas church shooting
Plates were priced at $10, but Ritch said dozens of people came through the line and paid more for to-go orders. "So they may not be visible, but they are there".

The Charles Schwab Corporation (SCHW) Shares Bought by WCM Investment Management CA
WCM Investment Management CA owned 0.07% of The Charles Schwab Corporation worth $42,949,000 as of its most recent SEC filing. It is negative, as 54 investors sold KSU shares while 170 reduced holdings. 19 funds opened positions while 30 raised stakes.

Whiting Petroleum Corporation (NYSE:WLL) Sees The Needle Move on Volume
Hotchkis & Wiley Capital Management LLC raised its stake in shares of Whiting Petroleum Corporation by 44.8% in the third quarter. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

UP: Sri Sri Ravi Shankar meets Yogi Adityanath ahead of Ayodhya visit
Meanwhile, the Supreme Court will hear the case on December 5, a day before the 25th anniversary of the Babri Masjid demolition. In 2010, the Allahabad High Court had accepted the disputed site in Ayodhya as the birthplace of Lord Ram.

Other news