Xiaomi’s Q3 financial report reveals 10% drop in revenue

Xiaomi posted its quarterly financial analysis, and the numbers show significant decline. Revenue for the July-September 2022 period was CNY70.5 billion, just south of $10 billion. Of them, 50.5% came from overseas markets. The revenue is 10% lower compared to last year. Net profit dropped even more – 59% year-on-year to RMB 2.1 billion. However […]

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Apple, other tech giants spark antitrust concerns with their new financial services

Apple and other tech giants – Amazon, Alphabet (Google) and Meta (Facebook) – have attracted antitrust concerns with their latest moves into financial services. The US Consumer Financial Protection Bureau (CFPB) is looking into Apple’s actions, its UK counterpart, the Financial Conduct Authority (FCA) is taking a broader view. Some of Apple’s financial services like […]

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Apple’s Financial Chief Luca Maestri Sells Apple Shares Worth Over $16 Million

Apple’s chief financial officer Luca Maestri sold 96,735 shares of Apple stock valued at around $16.9 million in two transactions completed on Wednesday, according to a filing with the U.S. Securities and Exchange Commission (SEC) released today. The transactions were made pursuant to a predetermined trading plan adopted by Maestri in November 2020, in accordance […]

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Microsoft Excel as an esport? This is the Financial Modeling World Cup.

Last weekend, ESPN and Sky Atlantic welcomed a new event to their sports line up, putting a spotlight on an unlikely esport that is snowballing in popularity. Instead of battling it out over League of Legends or DOTA 2, the participants solve complex problems using Excel, which is a powerful spreadsheet program within Microsoft’s Office […]

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