Enterprise

Xiaomi’s 2019 revenue exceeds CNY 200 Billion

A good year for Xiaomi!

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Xiaomi Corporation is an internet, smartphone, and smart hardware company. Their products are fundamentally connected by their Internet of Things(“IoT”) platform. And, they’ve just hit the jackpot with their audited consolidated results for the year 2019.

Their Founder, Chairman, and CEO, Mr. Lei Jun says: “Despite headwinds from the Sino-US trade war and global economic downturn, Xiaomi stood out in 2019 with a commendable set of results as our revenue exceeded RMB200 billion for the first time.”

2019 was a good year for Xiaomi. They’ve managed to achieve significant growth across all of their business segments. They’ve earned themselves a total revenue of over CNY 200 billion for the first time (reaching CNY 205.8 billion).

Xiaomi managed to celebrate several key milestones. From successfully launching their independently operated dual-brand, Xiaomi and Redmi, focusing on ‘5G+AIoT’ as a strategic roadmap, to their inaugural entries into the prestigious ranks of not just the Fortune Global 500 but also, BrandZ’s Top 100 Most Valuable Global Brands.

Mr. Lei Jun says, “while the entire world is still under the dark shadows of COVID-19, we have maintained our keen focus on efficiency to tide over this economic ‘black swan’ with everyone. At Xiaomi, we firmly believe that our long-term business success is underpinned by technological innovations… Overall, we remain committed to using technology to connect and improve lives everywhere in future.”

Enterprise

Apple is developing its own search engine

To get rid of Google

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Because of a certain company’s ubiquity, we don’t really think about the search engines we use from day to day. Most of us just use Google. However, Google — plus, to a lesser extent, Yahoo and Bing — isn’t the only option out there. Today, we have more niche options, such as the tree-planting Ecosia and the privacy-centric DuckDuckGo. Now, things are about to get more crowded. Smelling the potential, Apple is developing its own search engine, as reported by Financial Times.

Of course, Apple users don’t exactly know about it yet. Currently, Google remains the company’s search engine of choice, whether on Safari or Chrome.

However, hidden behind the curtain, Apple already owns a web crawler, Applebot, for a potential search engine alternative to Google. Further, the company also obtained the talents of Google’s former Search and Artificial Intelligence head, John Giannandrea. The talented Giannandrea is currently Apple’s Senior Vice President for Machine Learning and AI Strategy.

A search engine of its own presents interesting opportunities for the iPhone maker. For one, Apple can stop relying on Google as a search engine. Doing so will cut off a big expense for the company.

Secondly, Apple can also dip its toes on Google’s major revenue stream, advertising. Now that Apple has 1 billion active iPhones out in the wild, the company can benefit from a more robust (and more monetized) ecosystem.

SEE ALSO: Google, Apple rolling out phase two of Coronavirus contact tracing

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Enterprise

Apple has now reached 1 billion active iPhones

According to an analyst

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How many iPhone users are there right now? Name your best guess. If you answered one billion, you’re probably right. According to an analyst’s estimates, Apple has now reached 1 billion active iPhones, marking a monumental increase in revenue this year.

Knowing Apple’s popularity, it’s surprising that they took this long. This year, the iPhone maker finally reached the milestone. Of note, the analyst, Above Avalon, predicts that Apple reached 1 billion active iPhones last month, before the iPhone 12 series launch.

Adding to the milestone’s impressiveness, Apple’s revenue actually dipped this year, stemming from the ongoing COVID-19 pandemic. Because of income dips and a new work-from-home lifestyle, no one really wanted to buy new phones. Apparently, despite the decreased demand, whatever Apple did sell was enough to push the company above 1 billion.

According to the analyst, Apple has always subsisted on an upgrade system; that is, existing users buying the new models every year. That said, though there are 1 billion active iPhones, it is highly likely that a significant portion of the iPhone-owning population owns more than one iPhone.

With that in mind, the company aims to continue the same tradition by focusing on increasing the value of owning an iPhone. Doing so will propel the company’s growth even further, as the analyst says.

Besides a renewed focus on iPhones, the analyst also predicts that Apple’s wearable market will prove essential in pushing the company to 2 billion active users. Much like how an iPhone user can own multiple iPhones, buying into Apple’s ecosystem increases the likelihood of buying an Apple wearable to go along with it.

SEE ALSO: Apple is now worth $2 trillion

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Apps

Grab introduces new cashless payment through Cash-in With Driver

A new way to go cashless!

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Because of the pandemic, Grab’s GrabCar service has adopted cashless payments only. With more people still opting for cash for their commutes, Grab pushes a new feature to make their service safe and reliable — Cash-in with Driver.

This feature allows commuters to use GrabCar by paying cash through the driver. All you have to do is activate your GrabPay wallet during the ride, pay cash to the driver, and receive your change back on your GrabPay wallet.

Grab hopes the new feature allows more commuters to switch gradually towards a cashless lifestyle, and enjoy GrabPay benefits. For instance, there’s GrabRewards points that can be used for certain deals, promos, save on Grab transactions, and make seamless cashless payments across GrabPay’s partners.

Cash-in with Driver will be available on GrabCar 2-seater and 4-seater in Metro Manila. For Cebu and Pampanga, it will be available in GrabBayanihan Car and GrabCar 2-seater. Additionally, it’s expected to come soon on GrabTaxi.

The new feature will fully roll out by November 2020. Simply update your Grab app to the latest version, and you can start embracing a cashless lifestyle. Learn more about Cash-in with Driver via this link.

SEE ALSO: Going Cashless: Make payments, transfer funds all on your phone

Watch our how to use GrabPay video

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