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Xiaomi revenue growth accelerates to 35% in Q3 on stronger smartphone sales

2020-11-24 14:58:00| Telecompaper Headlines

(Telecompaper) Xiaomi reported a strong acceleration in sales growth in the third quarter, driven by demand for its affordable 5G smartphones. Revenues rose 34.5 percent year-on-year to CNY 72.2 billion, and the company shipped 45.3 percent more smartphones than in Q3 2019, at a total 46.6 million units.

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INOLEX Continues Long-term Growth Strategy

2020-11-20 12:58:28| Happi Breaking News

Lists Philadelphia property as Charlotte flagship provides robust US production platform.

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Altice France returns to EBITDA growth, as revenues rise 4% in Q3

2020-11-20 10:44:00| Telecompaper Headlines

(Telecompaper) Altice Europe's French operations reported an improving trend in financial performance for the three months to September, while the customer base experienced significantly lower net additions, particularly in the mobile segment. Revenues progressed 4.0 percent year-on-year to EUR 2.75 billion (+0.2% in Q2), as growth picked up in telecom activities and the contraction in the Media business eased considerably. Adjusted EBITDA rose 2.8 percent to EUR 1.08 billion, following the 1.0 percent drop reported in the June quarter.

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McDermott Secures $560 Million in New Capital to Fund Future Growth

2020-11-19 21:32:22| OGI

McDermott International Ltd. has secured approximately $560 million in new capital through a series of transactions expected to close by the end of the year, the company said on Nov. 18.

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Worldwide spending on AR/VR to deliver strong growth through 2024

2020-11-17 15:00:19| Digital TV News

Worldwide spending on augmented reality and virtual reality (AR/VR) is forecast to accelerate out of the pandemic, growing from just over $12.0 billion this year to $72.8 billion in 2024, according to IDC.

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