Dimensity 9000/8000 series processors soar MediaTek’s revenue by 33%

Among the smartphones released in the first half of this year, more manufacturers have choosing MediaTek’s new-generation Dimensity platform. Since the official launch of the Dimensity series, MediaTek has been doing quite well. For the first half of the year, the Dimensity 9000/8000 series were its main drivers. While the Dimensity 9000 has the lion’s … Read more

Apple’s Music, Gaming Revenue to Rose to $8.2 Billion by 2025, Predicts JP Morgan

Apple’s revenue from gaming and music offerings is expected to jump 36 percent to $8.2 billion (roughly Rs. 64,000 crore) by 2025, JP Morgan said on Monday, as the iPhone maker taps its huge user base to drive its subscription services. The two services are likely to have a combined subscriber base of about 180 million by 2025 – 110 … Read more

Spotify hypes the revenue potential of podcasts and audiobooks at its second Investor Day event – TechCrunch

In its second Investor Day, streaming service Spotify updated the financial community about its potential for further growth and monetization, despite the overall economic downturn impacting the tech sector. The company spent a good portion of its presentation specifically focused on podcasts, which it said had been “largely unchanged” for years before its entry into … Read more

So you have a 380x revenue multiple — now what? – TechCrunch

At this pointcovering the one-click checkout space feels like an exercise in horse-kicking, but we’d be remiss to skip our usual math on the Bolt situation. Bolt is one of the better-known one-click players in a cohort of startups that offers software to e-commerce retailers that is similar to Amazon’s “buy now” feature. Our own … Read more

Cannabis investor survey, product ops, recurring revenue financing – TechCrunch

The cannabis industry is doing very well in the United States: more than 75% of the population lives in a state where access is permitted, and the legal market is expected to generate $33 billion this year. A black market still eats into the industry’s bottom line, however, and a patchwork of state regulations artificially … Read more

Lenovo China Warns About Shipment Shortage Due to Supply Chain Issues Amid Slow Revenue Growth

China’s Lenovo Group warned on Thursday that shipments would fall in the short term as China’s COVID-19 lockdowns exacerbated shortages of microchips, after posting its slowest quarterly growth in seven quarters. The world’s largest maker of personal computers (PC) is among many companies facing supply chain headaches that have been worsened by a protracted shortage … Read more

Box positive momentum continues with revenue up 18% and improved guidance – TechCrunch

Hey, it wasn’t that long ago that Box was lost in single-digit growth doldrums being dogged by activist investors. But today, the company announced its earnings, and revenue was up 18% over the prior year to $238.4 million, easily beating consensus estimates of $235 million, according to the company. This marks the fifth consecutive quarter … Read more

Can recurring revenue financing drive growth in a turbulent market? – TechCrunch

As the saying goes, “Everyone is selling something.” Sometimes, we forget that when it comes to fundraising. The trick is to sell something investors really want. You can sell a piece of your company to a VC, but in a down market, it’s going to be worth less than it should be (and less than … Read more

Ethereum Miners Raked in $1.29 Billion in March Revenue Bucking Downward Trend

Contemporary information reveals that amid the optimistic month that March has been for Ether’s restoration throughout the crypto market, Ethereum miners managed to rake in a complete of $1.29 billion (roughly Rs. 9,740 crore) in income over the previous month. Whereas that is nonetheless a good distance down from the all-time excessive registered in November … Read more

Xiaomi Rides Increase in Smartphone Demand to Post 21.4 Percent Rise in Q4 Revenue

“In 2021 we skilled a really advanced state of affairs,” Xiaomi president Wang Xiang stated in an earnings name. “Provide is in a really extreme or tight place, and there’s a geopolitical impression. Nevertheless, Xiaomi’s efficiency has proven we’re a resilient firm.” Income rose to CNY 85.58 billion (roughly Rs. 1,02,341 crore) within the quarter … Read more