Twitter Releases Q3 2016 Earnings

Twitter reported adjusted revenue of $616 million, and adjusted earnings of 13 cents a share. Wall Street was looking for $605 million and nine cents a share.

(Via Recode)

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Apple Q4 2016 Results: $46.9 Billion Revenue, 45.5 Million iPhones, 9.2 Million iPads Sold – MacStories

Apple has just published their financial results for Q4 2016, which covered the three months from July through to September 2016. The company posted revenue of $46.9 billion with a quarterly net profit of $9 billion. Apple sold 9.2 million iPads, 45.5 million iPhones, and 4.8 million Macs during the quarter.

Also, as per Apple’s 8-K Filling:

Services Revenue Grows 24% to All-Time Quarterly Record of $6.3 Billion

Another record quarter for Apple services.

UPDATE (via Apple’s earnings call)

iPhone sales in India were up 50% year-on-year.

— Tim Cook

What happened to Xiaomi?

The company ensured customer satisfaction by incorporating user feedback to make frequent software and features updates. As a result, Xiaomi created a sticky fan base, known as “Mi-fans.”

However, it didn’t take long before Xiaomi’s sales began to slow down. Its sales dropped by 5 percent in Q1 of 2016 and 38 percent in Q2 of the same year.

It also fell out of the global top 5 brands in terms of smartphone sales. So what exactly happened?

This one had lots of potential.

Xiaomi needs to re-examine its strategy with a flexible mindset in order to avoid further market decline or even death.

A race to the bottom seldom lets one out alive.