Pandemic Sales
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Experts Blame Covid-19 Pandemic For Low Sale Of High Heels, Here's Why
Podiatrists believe the COVID lockdowns could explain the recent preference for low-heeled shoes
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Diamond Prices Fall As People Spend More On Travel After Pandemic: Report
The fall in prices follow two record-breaking years in rough diamond sales. In 2021 and 2022, demand for natural diamond jewellery was at an all-time high.
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Lenovo Reports 24 Percent Fall in Quarterly Revenue as PC Sales Decline
China's Lenovo Group on Thursday posted a worse-than-expected 24 percent fall in revenue for the April-June quarter, hit by a prolonged slump in global demand for personal computers. It makes four consecutive quarters that the world’s largest PC maker has suffered a sales decline.
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Apple Avoids Mass Layoffs Amid Ongoing Slowdown Because of Efficient Hiring During the Pandemic: Details
Apple is under less pressure to lay off workers amid the ongoing economic slowdown thanks to cautious hiring during the pandemic, compared to rivals Amazon, Microsoft, and Google that have laid off thousands of workers. While the Cupertino company has frozen hiring in some areas and is keeping a lid on spending, it hasn’t yet resorted to mass lay...
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EA Lowers Annual Booking Forecast for 2022 Amid Decades-High Inflation, Strong Dollar
Electronic Arts has lowered its annual bookings forecast, amid the rising dollar and a fall in demand for games during the ongoing coronavirus pandemic. While research suggests that the gaming market is expected to grow just 2 percent in 2022, Apex Legends creator EA had no major releases in the first three quarters of 2022, until FIFA 23 was launc...
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Google’s Ad Sales Weakens Dramatically, Advertisers Brace for Potential Recession
Google’s parent Alphabet’s growth slipped to its slowest pace since the pandemic, with Google's ad sales weakening even more dramatically than Alphabet's overall revenue. In another sign of more challenging times, YouTube's quarterly ad sales decreased by 2 percent from last year.
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China's Unemployed Turn To Car Boot Sales As Covid-Hit Economy Stalls
When the COVID-19 pandemic forced Wang Wei to shut his tourism company, the Tianjin native poured his life-savings of 80,000 yuan ($11,785) into selling coffee from the back of his green Suzuki micro van in the Chinese capital Beijing.
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Foxconn Feels Sting of Fewer Smartphone Sales, Says Demand Slowing After Pandemic-Fuelled Boom
Foxconn gave a cautious outlook for the currrent quarter after posting results that exceeded expectations, due to slowing smartphone demand after a pandemic-fuelled boom. The iPhone assembler said that rising inflation will only have a limited impact on mid- to high-end smartphone demand in the rest of the year.
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Sony Sees Profit Rise on Music, Films; Says People Playing Less Games as COVID-19 Restrictions Decrease
Sony reported a 3 percent increase in profit for the second quarter, as the company continues to deal with challenges posed by the ongoing coronavirus pandemic, and a waning interest in video games. Sales for the last quarter rose 2 percent to JPY 2.31 trillion (roughly Rs. 37,45,00,000 crore) aided by strong demand for Sony’s music and movie ope...
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Lamborghini Urus Sales Hit 200 Units Milestone In India; Facelift Arriving Soon
Within one year, Lamborghini managed to sell 50 units of the Urus in India, and despite the coronavirus pandemic the Italian marque managed to sell the next 50 units in less than 18 months.
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Experts Blame Covid-19 Pandemic For Low Sale Of High Heels, Here's Why
Podiatrists believe the COVID lockdowns could explain the recent preference for low-heeled shoes
-
Diamond Prices Fall As People Spend More On Travel After Pandemic: Report
The fall in prices follow two record-breaking years in rough diamond sales. In 2021 and 2022, demand for natural diamond jewellery was at an all-time high.
-
Lenovo Reports 24 Percent Fall in Quarterly Revenue as PC Sales Decline
China's Lenovo Group on Thursday posted a worse-than-expected 24 percent fall in revenue for the April-June quarter, hit by a prolonged slump in global demand for personal computers. It makes four consecutive quarters that the world’s largest PC maker has suffered a sales decline.
-
Apple Avoids Mass Layoffs Amid Ongoing Slowdown Because of Efficient Hiring During the Pandemic: Details
Apple is under less pressure to lay off workers amid the ongoing economic slowdown thanks to cautious hiring during the pandemic, compared to rivals Amazon, Microsoft, and Google that have laid off thousands of workers. While the Cupertino company has frozen hiring in some areas and is keeping a lid on spending, it hasn’t yet resorted to mass lay...
-
EA Lowers Annual Booking Forecast for 2022 Amid Decades-High Inflation, Strong Dollar
Electronic Arts has lowered its annual bookings forecast, amid the rising dollar and a fall in demand for games during the ongoing coronavirus pandemic. While research suggests that the gaming market is expected to grow just 2 percent in 2022, Apex Legends creator EA had no major releases in the first three quarters of 2022, until FIFA 23 was launc...
-
Google’s Ad Sales Weakens Dramatically, Advertisers Brace for Potential Recession
Google’s parent Alphabet’s growth slipped to its slowest pace since the pandemic, with Google's ad sales weakening even more dramatically than Alphabet's overall revenue. In another sign of more challenging times, YouTube's quarterly ad sales decreased by 2 percent from last year.
-
China's Unemployed Turn To Car Boot Sales As Covid-Hit Economy Stalls
When the COVID-19 pandemic forced Wang Wei to shut his tourism company, the Tianjin native poured his life-savings of 80,000 yuan ($11,785) into selling coffee from the back of his green Suzuki micro van in the Chinese capital Beijing.
-
Foxconn Feels Sting of Fewer Smartphone Sales, Says Demand Slowing After Pandemic-Fuelled Boom
Foxconn gave a cautious outlook for the currrent quarter after posting results that exceeded expectations, due to slowing smartphone demand after a pandemic-fuelled boom. The iPhone assembler said that rising inflation will only have a limited impact on mid- to high-end smartphone demand in the rest of the year.
-
Sony Sees Profit Rise on Music, Films; Says People Playing Less Games as COVID-19 Restrictions Decrease
Sony reported a 3 percent increase in profit for the second quarter, as the company continues to deal with challenges posed by the ongoing coronavirus pandemic, and a waning interest in video games. Sales for the last quarter rose 2 percent to JPY 2.31 trillion (roughly Rs. 37,45,00,000 crore) aided by strong demand for Sony’s music and movie ope...
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Lamborghini Urus Sales Hit 200 Units Milestone In India; Facelift Arriving Soon
Within one year, Lamborghini managed to sell 50 units of the Urus in India, and despite the coronavirus pandemic the Italian marque managed to sell the next 50 units in less than 18 months.
