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Xiaomi to triple mobile services revenue to USD 1 bln - CEO

2015-04-27 09:00:00| Telecompaper Headlines

(Telecompaper) Xiaomi expects to triple its revenues from mobile services such as games and a payment application to nearly USD 1 billion this year, according to CEO Lei Jun. In an interview with the Wall Street Journal coinciding with the launch of Xiaomi's fitness band, Mi Band, Lei said the company was looking to Chinese internet giant Alibaba and mobile services firm Tencent Holdings as future competitors. "The ways that Tencent and Alibaba make money today are the ways that Xiaomi will make money in the future," he said. Last year the company made less than USD 300 million in revenue from services, said Lei, but total revenues this year are expected to come it at around USD 16 billion, with mobile services accounting for around 6 percent of that figure.

Tags: services mobile usd revenue

 

DB Schenker Rail UK to continue operating Royal Mail services

2015-04-27 01:00:00| Railway Technology

DB Schenker Rail UK has secured a contract from UK's postal service company Royal Mail to operate mail services on the West Coast and East Coast main lines.

Tags: mail services continue operating

 
 

Amazon swings to Q1 loss on higher expenses; Web Services booms

2015-04-25 11:24:04| IT Services - Topix.net

Seattle Increases in expenses including fulfillment, marketing and technology helped swing Amazon.com to a net loss of $57 million in the first quarter of fiscal 2015 from net income of $108 million the same quarter a year earlier. Amazon met Wall Street expectations with the loss.

Tags: web services higher loss

 

Safety Check - How Much Growth is Impounded into FedEx's and United Parcel Service's Stock Prices

2015-04-25 06:22:39| Trucking - Topix.net

Earnings growth rates have a significant effect on the estimated value of a company's stock. Differences in the returns investors expect from holding a company's stock can frequently be explained by differences in the growth rate assumptions used.

Tags: services check united stock

 

Safety Check - How Much Growth is Impounded into FedEx's and United Parcel Service's Stock Prices

2015-04-24 18:03:08| Air Courier - Topix.net

Earnings growth rates have a significant effect on the estimated value of a company's stock. Differences in the returns investors expect from holding a company's stock can frequently be explained by differences in the growth rate assumptions used.

Tags: services check united stock

 

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