Spice Mobility’s mobile devices business continues to post losses, and in this quarter it recorded a significant jump: the segment reported a net loss before tax of Rs 10.03 crore for the quarter ended December 31, 2017 (Q3FY18), as compared to a loss before tax of Rs 6.52 crore in the previous quarter. However, in the corresponding quarter last year, the company had posted a profit of Rs 1 crore. In this context it needs to be mentioned that Spice Mobility had decided to discontinue its ‘Spice’ branded handsets business, in May last year. Total revenues from the mobile devices segment stood at Rs 80.21 crore, down 24.7% from Rs 106.48 crore in the previous quarter, and less than half of the Rs 161.06 crore revenues posted in the same quarter last year. The segment accounted for 54.08% of Spice Mobility’s total revenues, which stood at Rs 148.31 crore for the quarter. Services business Revenues from Spice Mobility’s services business stood at Rs 65.24 crore for the quarter, down 6.45% from revenues of Rs 69.74 crore in the previous quarter, and down 9.3% from revenues of Rs 71.94 crore in the same quarter last year. The segment accounted for 43.98% of Spice Mobility’s total revenues. The segment posted a loss of Rs 5.57 crore, as compared to a profit of Rs 50.37 lakh in the previous quarter. In the corresponding quarter last year, the segment had posted a profit of Rs 1.96 crore. Overall, Spice Mobility posted revenues of Rs 148.31…
- India’s Consumer Protection Authority Notifies Guidelines For Dark Patterns, What’s New? December 1, 2023
- Tata Consultancy Services to pay $210 million in a trade secret row in the US December 1, 2023
- Indian Government Approves Scheme To Provide Drones To 15,000 Women Self Help Groups December 1, 2023
- Google agrees to pay news publishers in Canada December 1, 2023
- Court Watch: Tech Policy Cases India’s Courts Are Hearing this December December 1, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...