iPhone Supplier – pressnews

[ad_1] India's biggest Apple and IT products distributor Redington Ltd on Thursday reported a 26% jump in September quarter profit. India's biggest Apple and IT products distributor Redington Ltd on Thursday reported a 26% jump in September quarter profit on the back of buoyant domestic demand for iPhones, laptops and software.Consolidated profit for the three months ended Sept. 30 climbed to 3.87 billion rupees ($46.76 million) from 3.07 billion rupees a year ago, the company said in an exchange filing. The iPhone distributor's quarterly revenue rose to 190.51 billion rupees from 152.87 billion rupees a year ago, per the filing. Apple, its single largest vendor, accounted for 27% of the revenue. India distribution business continued to post double digit growth, Redington said. The co...

[ad_1] Consumers in the world’s biggest smartphone market haven’t responded with a spending spree. Murata Manufacturing Co. expects this year's drop in smartphone sales to keep going well into 2023, led by a sharp downturn in China. The company's outlook has dimmed dramatically from a quarter ago, when it looked forward to a bounceback in Chinese demand after the end of Covid-19 lockdowns in major cities. Consumers in the world's biggest smartphone market haven't responded with a spending spree and Murata sees little prospect for a rally over the next year, President Norio Nakajima told Bloomberg News in an interview. “The momentum will not come back at least during fiscal 2022 and the situation is not that positive going into the next term,” Nakajima said. “Demand for consumer ...

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