Enterprise

Apple earned record-breaking revenue last quarter

Thanks to the iPhone 12

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Apple has a lot of things going its way lately. Last year, the new iPhone SE helped the company survive the pandemic. Further, the wide variety of the iPhone 12 series offered a lot of options for users. Given everything that went its way starting last year, Apple has posted another record-breaking quarter in terms of revenue.

According to a recent earnings report, Apple earned US$ 81.43 billion in revenue for the past quarter. The figure is a 36 percent year-on-year increase over the same quarter last year. It is also the most revenue that they have historically earned for the same quarter.

Given how close Apple is to when it usually launched the next lineup of iPhones, the record is a surprise. The company usually winds down the current generation of iPhones in anticipation for the next one. But it looks like the iPhone 12 is still going strong — except for the iPhone 12 mini, of course.

Apple still has some ground to cover, though. Recently, a recent rankings report confirmed that Xiaomi has already overtaken Apple as the world’s second-largest smartphone maker. Still, the improvement is impressive for a usually slow quarter for Apple.

With hype ramping up for the iPhone 13 series, the company might be on pace to climb the ranks once again.

SEE ALSO: iPhone 12 review: Who needs the Pro?

Automotive

Michael Josh’s One-on-One interview with John Deere’s CEO

The Tech World’s Most Unassuming CEO

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If you’ve been fond of the GadgetMatch YouTube channel, you would know that Michael Josh has already featured John Deere not just once or twice, but more than that.

But unlike the past videos, MJ traveled to Moline, Illinois for a rare sit-down interview with John Deere’s CEO, John C. May.

In his first major chat assuming the role in 2018, he opens up about he’s ushering in John Deere’s technological revolution, and how he believes as a tech company, John Deere can help solve the world’s food problem.

In this video, let’s meet the Tech World’s Most Unassuming CEO together with Michael Josh!

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Enterprise

Nokia seeks to kill OPPO’s sales in some countries

Suing the brand for copyright infringement

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OPPO remains one of the most ubiquitous smartphone brands today. Especially in Asia, the Chinese smartphone brand has appealed to users of all segments. However, a new controversy is seeking to cut off the brand’s sales from where it is popular. Nokia is suing OPPO, potentially leading to the brand disappearing in some countries.

According to sources, Nokia is seeking penalties for the smartphone brand for allegedly breaching copyrights on registered technology. The technology in question includes those that cover 4G and 5G connectivity. The two have  previously agreed to a deal in 2018, but the agreement expired in 2021.

Initially, Nokia chased after OPPO in Germany for the same infringements back in July. The former won the case. As a result, Germany ordered OPPO to stop selling devices in the country. Now, Nokia is suing the brand in other countries in Europe and Asia. Should the company win in the same fashion as in Germany, OPPO might potentially lose its market in the said countries.

To be clear, Nokia itself is suing the brand, rather than HMD Global, the company normally affiliated with Nokia’s current slate of smartphones. The smartphone company is mostly in charge of bringing the brand’s smartphones to the world.

SEE ALSO: Nokia and ZEISS have broken up

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Enterprise

Maya cited among 250 promising global fintech firms

The fastest-growing digital bank joins the 2022 CB Insights’ Fintech 250 list

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Maya PayMaya

Maya (formerly PayMaya) has just been cited as one of the top 250 promising global fintech firms, according to CB Insights.

The company was named alongside an elite international roster in CB Insight’s fifth-annual Fintech 250 ranking: digital banks Revolut and N26; PayPal-backed payment processor Stripe, merchant platform Pine Labs, and crypto platform Binance.

Maya, through its parent company Voyager Innovations, was recognized due to its strong record of execution, taking the crown as the only platform with an all-in-one money app, leading merchant payment processors, extensive MSME on-ground network, and being the fastest-growing digital bank in the Philippines.

“We are proud to be recognized alongside other trailblazers in the global fintech space. Being on this list validates our thrust of providing an integrated experience to our customers through our comprehensive digital financial ecosystem. It is also a testament to the world-class organization that we’ve built,” said Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder.

One of the 250

Over 12,500 private companies that include applicants and nominees, CB Insights selected Maya as one of the 250 winners. The criteria for winning were chosen based on factors such as R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty.

“This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investing and insurance,” said Brian Lee, SVP of CB Insights’ Intelligence Unit.

“Representing more than 30 countries, these companies are creating safer and more efficient payment methods and transforming how traditional banking, insurance, and investing products are delivered.”

A successful rebrand

After its successful rebranding, the company has expanded beyond payments, introducing game-changing digital banking innovations across its unique ecosystem of 51 million consumers and network of 1.2 million MSMEs.

In just three months after its launch, Maya Bank became the fastest-growing digital bank in the Philippines, smashing records by recording over PHP5 billion in deposit balance and over 650,000 bank customers in just three months after its launch.

Furthermore, Maya Bank is the only digital bank to offer loan products within a quarter from its launch. It was able to scale fast because it leveraged the ready pool of rich transactional data from its payments business.

Moreover, Maya became the second tech unicorn in the Philippines in March 2022. The company was backed by global investors including KKR, Tencent, International Finance Corporation, IFC Emerging Asia Fund, IFC Financial Institutions Growth Fund, SIG Venture Capital, EDBI, First Pacific Company, and PLDT. END

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