In no particular order, here are MediaNama’s top 10 stories of the week ended 30th October 2016 MediaNama would like to thank its sponsors: Akamai, Fortumo, Info Edge, MapmyIndia, Microsoft, Times Internet, Xapads and E2E for their support. - Samsung’s Note 7 recall: Revenues decline by $2.84 billion YoY Samsung, which has been suffering from the Note 7 recall fiasco, reported total revenues of $41.74 billion (47.8 trillion Won), a 7.5% decline from $38.9 billion (44.54 trillion Won) in the same quarter last year. The decline was mainly due to the Note 7 problem, with its mobile division reporting sales of $19.3 billion (22.1 trillion Won), down by 15% year-on-year from $22.6 billion (25.9 trillion Won) and 15% quarter-on-quarter from $22.8 billion (26.1 trillion Won).Read it here - Amazon net profit down with more investments on video and fulfillment centres Amazon’s net profit stood at $252 million for the quarter ended September 2016, down 70.59% from the preceding quarter. Net profit was lower as Amazon continues to invest in more fulfillment centres and costs related to video associated marketing. Net sales, however, stood at $32.7 billion growing 29% from $25.4 billion in the same quarter last year. On a sequential basis, net sales increased 7.57% from $30.4 billion.Read it here - Info Edge net profit soars 159% to Rs 80.06 crore due to tax writeback Internet company Info Edge has posted a net profit of Rs 80.06 crore for the quarter ended September 2016. This was up a whopping 159.89%…
