Wed, Jan 31, 2024 3:28 PM
Import duty cut on components may not reduce handset prices in India
A Flip by Shubhangi Gupta
The combined revenue of the companies that have declared their March-quarter financial results so far has risen 16% year-on-year, while net profits have risen 9.3%, a Mint analysis showed. Excluding the companies in the banking, financial services and insurance (BFSI) sectors, the topline grew 4.8%, while profits were down 19.4%.
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When investing legend Charlie Munger was once asked in an interview what he wanted his epitaph to read, he replied, “I tried to be useful”. Munger, who along with Warren Buffet built Berkshire Hathaway into an investing powerhouse, died late last year. His legacy lives on through millions of investors who continue to swear by his investment philosophy.
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It’s been a whirlwind week for Apple Inc. AAPL, with a mix of exciting announcements and challenging news. The tech giant is finally set to introduce a Calculator app for the iPad, a feature that has been long-awaited by users. On the flip side, Apple’s iPhone sales in China have taken a significant hit, and the company has had to slash its Vision Pro shipment forecasts due to a sharp drop.
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