Vivo had unveiled its latest X200 series smartphones in its home market a week back and the official sale began two days before in the country for the X200 and X200 Pro models. Following the commencement of the official sale, the brand has rolled out new software updates for its X200 and X200 Pro flagships. In related news, Vivo has also announced that its omni-channel sales of X200 series have exceeded CNY 2 billion.

Here’s more about it.

X200 and X200 Pro – Major Software Updates

The new updates for the X200 and X200 Pro smartphones bring certain improvements to the devices with respect to the Small V Search function and camera performance. For the vanilla X200 smartphone, the update has a firmware version of ‘PD2415_A_15.0.15.17.W10.V000L1’ and has a size of 2.02 GB. The X200 Pro update has firmware version – ‘PD2405B_A_15.0.15.11.W10.V000L1’, with a size of 1.17 GB.

About the changelogs, in terms of the Small V Search function, users of the two devices will be able to long press the screen or system navigation to easily access it. In the X200 smartphone, with the update, a new large model image quality enhancement algorithm will be added to make telephoto photography better. Optimizations have also been brought to improve clarity of camera during video call in third-party applications, to improve video stabilization in movie mode, and to improve the smoothness while switching between different camera modes.

In the X200 Pro device too, as mentioned, the brand has added the function of long pressing the screen or system navigation to easily access Small V Search, along with camera improvements such as added ‘More’ option to jump between shooting scenes, front and rear camera optimizations, Dolby Vision optimizations, and optimizations for color and focus clarity in rear portrait, telephoto, stage, and landscape modes. It can thus be understood that the two updates are mainly to improve the camera functions and offer a better flagship level camera performance.

Also, just to add, in the community page, a user of the X200 Pro smartphone has pointed out that in his particular piece, glue has overflowed towards the edges of the device. To his reply, another user revealed that his model doesn’t have any such issues, however, he adds that the in-hand feel of the device is a bit uncomfortable. Again, it seems that in the offline stores, BOE display models were made available, while in the online stores, the Visionox versions are being sold. In comparison, the Visionox models are criticized as they don’t meet the expectations of users and is being considered as a failure.

X200 Series – Sale Exceeds CNY 2 Billion

Now coming to the sales report, as per what Vivo has officially revealed via its Weibo handle, the X200 series sale through all platforms together has exceeded CNY 2 billion, breaking all previous smartphone sale records in Vivo’s history. Another thing to note is that, this was reported as of on the 19th of October 2024 at 10 AM local time in China, one hour after the official sale began for X200 and X200 Pro devices in China.

Apart from the X200 and X200 Pro models, Vivo’s X200 series also has a third device – the X200 Pro mini. The official sale for the X200 Pro mini will be starting four days later, on the 25th of October 2024, at 9 AM local time in China.

The post Vivo’s X200 and X200 Pro Smartphones Receive Major Software Updates; X200 Series Sale Exceeds CNY 2 Billion appeared first on The Tech Outlook.

As per the latest Canalys research report, the Indian smartphone market grew 9% in Q3 2024 by shipping 47.1 million units. It was revealed that vendors cleared inventory through early monsoon sales across online and offline channels to gear up for the festive season. However, early festive demand was sluggish, impacted by rising food inflation and slow urban spending on consumer durables.

For the first time, vivo secured a pole position with 26% annual growth and 19% market share in Q3 2024, Xiaomi is in the second position with a 17% market share in this quarter but the annual growth is only 3%. Samsun is in third position with a 16% market share but the brand witnessed a 4% decline in annual growth. Oppo and Realme are in fourth and fifth position with 13% and 11% market share respectively. Among all the five brands, Oppo is the only company to witness the highest annual growth at 43%.

According to Sanyam Chaurasia, Senior Analyst at Canalys, “Both vivo and OPPO leveraged their expanded online portfolios, including the T3 and K12 series, to boost volumes beyond their traditionally stronger offline channels. The top brands in the market are expanding their portfolio in the mid-high range, in anticipation of clearing inventory during festive sales. Meanwhile, brands outside the top five experienced another strong quarter. Apple drove significant volumes with the iPhone 15, with stronger demand coming from smaller cities, ahead of its latest launch. Other brands, such as Motorola, Google, and Nothing, continue to drive volumes owing to strong pull factors from the unique design language, clean user interface, and channel expansion strategies.”

The post Indian Smartphone Shipments Grew 9% In Q3 2024; Vivo Secures Top Position For The First Time appeared first on The Tech Outlook.

Yesterday Ferrari unveiled its latest supercar F80 which is the successor to their LeFarrari hypercar that was released 9 years back. The Ferrari F80 comes with a host of advanced technological solutions and represents an extreme development of the internal combustion engine.

Ferrari F80: Features & Pricing

It is equipped with a six-cylinder 3 litre 120 degree V6 F163CF engine that produces a peak power of 900 hp to which the electric front axle (e-4WD) and rear motor (MGU-K) of the hybrid system add another 300cv. It is equipped with the first Ferrari road car engine. It is also the first to feature e-turbos which uses F1-derived tech to reduce lag and enhance throttle response. The maximum engine speed is increased to 9000 rpm, with a dynamic limiter at 9200 rpm. The connecting rods and pistons have also been revised. To raise the maximum motor speed to 30,000 rpm, a carbon fibre magnet sleeve is used.

It sports high coverage ratio ears that reduce noise emission by 10dB. The Ferrari F80 features racing brake pads, state-of-the-art active suspension, and ultra-light 3D-printed metal parts including suspension arms. It comes with a top speed of 350 km/h and a 2.3kWh battery. You can reach from 0 to 100km/h in 2.15 seconds and also arrives with electric turbochargers. It includes an 8-speed dual clutch F1 DCT.

The cabin of the car has an asymmetrical layout while most controls and functions on the new ovoid steering wheel and the slim centre console are physical. There are different modes- hybrid, performance, and qualify that are selectable via a switch on the steering wheel and offer differing levels of power.

As revealed by Ferrari, only 799 models of this supercar will be built. Ferrari F80 is priced at $3.9 million and surprisingly all the 799 models are already booked. The deliveries will start in early 2026.

The post Ferrari F80 Supercar Officially Unveiled: Deliveries To Start In Early 2026 appeared first on The Tech Outlook.

As of 11:28 AM, the IT sector saw mixed trends, with some stocks making gains while others faced sharp declines. Here’s a snapshot of the top gainers and losers in the IT space:

Top Gainers:

• Wipro (NSE: WIPRO): ₹542.75 (+2.65%) Wipro emerged as the top gainer, rising by 2.65%, likely driven by positive sentiment following the company’s Q2 results.
• Tata Consultancy Services (NSE: TCS): ₹4,123.75 (+0.36%) TCS showed a modest gain of 0.36%, reflecting stability in the sector’s heavyweight.

Top Losers:

• LTIMindtree (NSE: LTIM): ₹6,030.00 (-5.70%) LTIMindtree took the biggest hit, falling 5.70%, possibly reacting to recent results or outlook updates.
• Infosys (NSE: INFY): ₹1,872.60 (-4.85%) Infosys saw a significant drop of 4.85%, following a slight miss in its Q2 earnings and market concerns over future growth.
• Persistent Systems (NSE: PERSISTENT): ₹5,427.85 (-1.95%) Persistent Systems also faced pressure, down 1.95% amid broader market trends affecting mid-tier IT stocks.
• Tech Mahindra (NSE: TECHM): ₹1,677.80 (-1.25%) Tech Mahindra dropped 1.25%, in line with the sector’s weaker performers today.
• HCL Technologies (NSE: HCLTECH): ₹1,847.85 (-1.07%) HCL Technologies slid 1.07%, continuing its downward trend despite recent positive developments.
• Mphasis (NSE: MPHASIS): ₹3,021.90 (-1.89%) Mphasis dropped by 1.89%, reflecting ongoing market volatility in IT services.
• Coforge (NSE: COFORGE): ₹7,167.20 (-1.24%) Coforge fell by 1.24%, adding to the pressure faced by mid-cap IT players.
• L&T Technology Services (NSE: LTTS): ₹5,205.00 (-0.72%) LTTS dropped 0.72%, continuing to see minor corrections following previous gains.

With Wipro and TCS holding up gains, and several others like LTIMindtree and Infosys sliding, the IT sector is showcasing a mixed performance in today’s market. Investors are likely responding to the latest quarterly results and growth outlooks of these companies.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial advice. Investors are advised to perform their own research or consult with a qualified financial advisor before making any investment decisions. The author and the publication are not responsible for any investment actions taken based on this information.

The post IT stocks update: Wipro gains 2.65%, LTIMindtree drops 5.70%, Infosys falls 4.85%, Persistent System down 1.9% appeared first on The Tech Outlook.

Zomato’s board will meet on October 22 to consider raising ₹8,500 crore via a Qualified Institutional Placement (QIP), sources say. The company plans to cap foreign institutional investor (FII) holding at 49%, aiming to boost domestic ownership.

The funds could be used for investments in quick commerce, marketing, or acquisitions, according to CNBC’s report. Karan Taurani of Elara Capital noted strong investor interest in Zomato, highlighting the company’s high-growth potential. Zomato’s fundraise is expected to draw attention, given its strategic focus on domestic and inorganic growth.

The post Zomato to consider ₹8,500 crore QIP, capping FII holding at 49%: Reports appeared first on The Tech Outlook.

Wipro, one of the leading technology services and consulting companies, has now officially announced its financial results for the quarter that ended last month on 30th September 2024. The report reveals that the company attained a quarter over quarter(QoQ) net income growth of 6.8% and year over year(YoY) net income growth of 21.3%.

Here’s more about Wipro’s Q2 financial results report.

Wipro – Q2 Financial Results

Wipro seems to have had a fruitful time during the second quarter of this financial year when compared to the previous quarter, achieving a gross revenue of INR 223.o billion (~ USD 2,662.6 million), which is a 1.5% QoQ increase (but 1.0% YoY decrease).

The revenue from IT services is reported to be USD 2,660.1 million (1.3% QoQ increase and 2.0% YoY decrease), and the total bookings reached USD 3,561 million with large deal bookings of USD 1,489 million (28.8% QoQ increase and 16.8% YoY increase in constant currency). The non-GAAP^2 constant currency IT services segment revenue increased by 0.6% in this quarter (2.3% YoY decrease), and the IT services operating margin of Q2 was 16.8% (0.3% QoQ increase and 0.7% YoY). The net income of Wipro thereby reached INR 32.1 billion (~ USD 383.1 million), a 6.8% QoQ increase and 21.3% YoY increase. The earnings per share was at INR 6.14 (~ USD 0.07) for the quarter.

Moreover, the operating cash flows of INR 42.7 billion (~ USD 509.7 million) and 14.5% voluntary attrition on a 12-month trailing basis were further highlights of Q2 for Wipro. The board of directors of the company also recommended the issue of bonus shares to its shareholders in 1:1 ratio.

With respect to Wipro’s Q2 performance, the CEO and Managing Director – Srini Pallia revealed that it was with strong execution of plans that the company was able to meet its revenue growth, bookings, and margins expectations, surpassing USD 1 billion large deal bookings again. Do note that the company won several large and strategic deals across many industries. The Chief Financial Officer – Aparna Iyer on the same note also said that she is pleased with the company’s overall performance. Wipro’s margins expanded by 35 basis points, EPS grew by 6.8% (QoQ), operating cash flows were at 132.3% of Q2 net income, and cumulatively, about USD 1 billion in operating cash flow was generated in the first half of the financial year.

For the next quarter (Q3, ending on 31st December 2024), Wipro is expecting a revenue ranging between USD 2,607 million to USD 2,660 million, translating to sequential guidance of (-) 2.0% to 0.0% in terms of constant currency.

The post Wipro Q2 Financial Results Officially Announced: 6.8% QoQ and 21.3% YoY Net Income Growth appeared first on The Tech Outlook.

The International Data Corporation yesterday revealed in a report that global smartphone shipments increased 4% YoY in the third quarter of this year with 316.1 million units being shipped.

As per Will Wong, senior research manager for AP Client Devices, “Led by strong growth from Chinese vendors like vivo, OPPO, Xiaomi, Lenovo, and Huawei, the smartphone market shows resilience despite global economic headwinds. Nevertheless, the growth among vendors was uneven – while some companies grappled with elevated Bill-of-Materials (BOM) costs, others benefited from favorable exchange rates in emerging markets like Southeast Asia. vivo’s performance was particularly notable, fueled by aggressive product launches and a low comparison base.”

IDC report also reveals the top 5 companies in the global market along with their YoY growth in the third quarter of this year.

Top 5 Companies in Global Markets in Q3 2024

Samsung is at the top position with 57.8 shipments in this quarter but the company witnessed a decline of 2.8% in its YoY growth. Apple secured the second position with 56.0 shipments and 3.5% YoY growth. Xiaomi and Oppo are in third and fourth positions with 3.3% and 5.9% YoY growth respectively. At the fifth spot is Vivo with 27.0 shipments, well the brand may be at the fifth position but among all the other top 5 companies, Vivo is the only brand to witness an amazing 22.8% YoY growth in this quarter.

The graph below showcases the market share of each brand

“While the growth of the Chinese players in emerging markets has been an ongoing theme this year, Apple also enjoyed a 3.5% YoY growth in shipments this quarter fueled by strong demand from the previous models and the launch of the new iPhone 16 lineup,” said Nabila Popal, research director for Worldwide Client Devices. Apple is expected to witness growth as many customers may soon want to shift to a new AI-enabled iPhone.

Talking about Samsung’s Q3 2024 results in the global market, “Samsung retained its market leadership despite a drop in the total number of units shipped. However, the company continues to grow its share in the premium segment as the average prices increased in the quarter driven by a stronger mix of Galaxy AI-enabled models,” said Francisco Jeronimo, vice president for EMEA Client Devices. “The company started rolling out Galaxy AI features to other Samsung models and launched the new Galaxy Z Fold6 and Galaxy Z Flip6 foldable with Galaxy AI, which contributed to a better performance in the premium segment.”

The post Worldwide Smartphone Market Grows 4% YoY In Q3 2024 With 316.1 Million Units Shipments: IDC Report appeared first on The Tech Outlook.

Shocked reading the headline? Well many POCO users and fans had the same reaction after hearing about this official announcement by POCO. POCO has officially announced that all POCO sites will be closed on December 31, 2024 this includes global site as well as regional sites.

Though you need not worry much, as POCO isn’t entirely shutting down but is just shifting its product and services to another platform. The brand is relocating the product pages, customer service, after sales service and other products and other services currently offered through POCO website to Xiaomi’s website instead.

If you visit the website after its eventual closure, you will be redirected to mi.com/global website while if you visit POCO store app it will be closed, hence the company has advised the users to keep their own record of history on the POCO sites while the company will also retain your personal data for a particular period of time.

POCO will be terminating all sales through POCO sites on 21 October 2024 and remove all options to place purchase orders. All your current coupons will be made void on POCO site on 21^st October and will be reissued to mi.com sites personal center by 12^th December.

Worried about your POCO points?

Well you need not to as though the company will terminate all means of earning and spending POCO points on 12^th October 2024 (shortly after all sales are terminated), while POCO points will also be terminated in POCO sites personal center on the same date but the same amount of points will be reissued to your mi,com personal center by 12^th December.

Not only this, all the purchase orders and product reviews on POCO sites will also be shifted to mi.com sites by 12^th December, 2024.

The post POCO Website To Shut Down On 31st December: Here’s Where You Will Find POCO Services And Products appeared first on The Tech Outlook.

Big Boy Toyz (BBT)- an India-based used luxury car dealer has today launched Cars.co.in in the country. Cars.co.in is India’s first full-stack online platform for buying and selling luxury cars. This platform will enable consumers to purchase a luxury car in just a few clicks as it offers a vast inventory of luxury cars to help consumers make informed choices from their homes.

The company aims to sell 400 luxury cars per month through Cars.co.in. This platform is said to ensure a no-hassle experience for both buyers and sellers. With fast-tracked delivery options, it ensures delivery of cars at the consumer’s doorstep. The platform also allows car owners to get the best value for their cars by eliminating the heavy expenses incurred by traditional car dealers. CCI will be able to pass on price benefits to the car seller.

Commenting on the development, Mr. Jatin Ahuja, Founder & CEO of Big Boy Toyz said, “Since 68% of our buyers book cars online without seeing them, the advent of Cars.co.in is a natural progression for BBT, and I truly believe CCI will be bigger than BBT in no time, becoming India’s go-to platform for pre-owned luxury cars. Currently, classifieds are the primary avenue for car sellers, but CCI is much more than that—our dedicated team manages everything from lead filtration to deal closure, along with loan financing, insurance, logistics, and RTO processes for the seller. At the same time, for buyers, we ensure cars of the highest quality, seamless nationwide delivery, and dedicated after-sales service, also offering optional extended warranties on used cars.”

Mr. Kunal Maini, CEO of Cars.co.in added, “Cars.co.in is India’s only full-fledged e-commerce platform that supports not just car owners but also used car dealers and OEM car dealerships to sell their used cars. This is just the beginning—our focus is on constant digital innovation, and we are committed to transforming the luxury car selling experience with unmatched convenience.”

With this all-new CCI platform, BBT is expanding its business as well as offering a platform that meets the evolving needs of both luxury car sellers and buyers catering to a wider audience with an extensive car collection.

The post Big Boy Toyz (BBT) Launches India’s First Full Stack Pre-Owned Luxury Car Marketplace- Cars.Co.In appeared first on The Tech Outlook.

Yesterday, Tata Consultancy Services officially revealed the results of Q2 FY25. As per the results, the company observed a 5.0% YoY growth in its net profit with Rs.11,909 crore net income in Q2. Last year the company received a net income of Rs.11,342 crore in Q2.

Revenue from operations rose 7.6% YoY to Rs.64,259 crore while in constant currency the revenue growth was 5.5% YoY. Operating margin saw a decline of 0.2% YoY, at 24.1%. The net margin was at 18.5%. TCS also added 5,726 employees during this quarter resulting in 612,724 workforce strength. At the same time, the percentage of women in this workforce was 35.5%.

For this new addition of employees, Milind Lakkad, Chief HR Officer, said: “We welcomed 11,000 associates in the first half of the year, and we remain on track for trainee onboarding as planned. We have also commenced the campus hiring process for FY26. Our strong talent base and increased learning intensity prepare us well for the complex technology transformations that customers entrust us with”.

The LTM IT services attrition rate for Q2 was 12.3%. Meanwhile, if we look at the company’s growth based on different markets, North America saw a decline of 2.1% in YoY CC growth, Latin America saw a 6.8% YoY CC growth, the UK saw a growth of 4.6% YoY in CC terms, Continental Europe saw 1.8% YoY CC growth, Asia Pacific saw 7.5% YoY CC growth. In comparison, India grew by 92.5% YoY in CC terms.

Based on Domain, BFSI, consumer and life sciences rose by 0.1% each. In contrast, tech and media services declined in YoY growth by 1.9% and 10.3% respectively, resources & utilities saw a YoY growth of 7% in CC terms, and regional markets and others have 50.4% YoY CC growth.

In the press release, K Krithivasan, Chief Executive Officer and Managing Director said: “We saw the cautious trends of the last few quarters continue to play out in this quarter as well. Amidst an uncertain geopolitical situation, our biggest vertical, BFSI showed signs of recovery. We also saw a strong performance in our Growth Markets. We stay focused on sharpening our value proposition to our clients, employees, and other stakeholders”.

Samir Seksaria, Chief Financial Officer, said: “We made strategic investments this quarter in talent and infrastructure to ensure sustainable growth. Our disciplined execution resulted in superior cash conversion. Our longer-term cost structures remain unchanged, and we remain confident in our ability to continue delivering industry-leading profitable growth”.

TCS has also declared the second interim dividend of Rs.10 per share, record date has been set to 18^th October 2024 while the payment date is set at 5^th November 2024.

The post TCS Q2 Results Are Here: Profit Of Rs.11,909 Crore With 5% YoY Growth, Dividend Of Rs.10 Per Share Declared appeared first on The Tech Outlook.