X Faces 89.8% Revenue Plunge in India Amid Global Challenges


October 24, 2024

Tech News

A review highlights five smartphones priced under $500, emphasizing strong performance and value. Key considerations for buyers include software support, screen quality, storage capacity, and camera performance. Notable recommendations include the 2022 iPhone SE, Google Pixel 8A, OnePlus 12R, Google Pixel 6A, and Samsung Galaxy A35 5G.

X, the social media platform owned by Elon Musk, reported a dramatic 89.8% drop in revenue in India, falling to $2.51 million for the fiscal year ending March. Despite the revenue decline, the company managed to report a profit of $380,000. The reasons for the revenue drop remain unclear, but it coincides with broader challenges in retaining advertisers globally.

Honor is set to launch the X9c 5G in Malaysia, featuring a new “Triple Assurance” policy that includes a 365-day crack replacement and a 36-month battery assurance program. The device boasts an “Anti-Drop” display, improved water resistance, and enhanced durability. The launch date will be announced soon, following the success of its predecessor, the Honor X9b 5G.

A comprehensive guide reviews the best smartphones of 2024, highlighting the iPhone 16 and Google Pixel 9 as top choices for most users. The guide also discusses various price points, emphasizing the importance of software support and camera quality.

Proofpoint announced plans to open a new data centre in Singapore in 2025 to enhance compliance and cybersecurity for local businesses. The facility will provide AI-powered cybersecurity solutions to combat threats like ransomware and business email compromise. This move reflects Proofpoint’s ongoing investment in the Asia Pacific region and its commitment to addressing the complex cybersecurity landscape in Singapore.

Tech Explained

Smartphones – These are mobile devices that combine computing capabilities with telephone features, offering a wide range of functions beyond just making calls.

Revenue – This refers to the total income generated by a company from its business activities, often used as a measure of financial performance.

Data Centre – A facility used to house computer systems and associated components, such as telecommunications and storage systems.

Cybersecurity – The practice of protecting systems, networks, and programs from digital attacks, such as hacking, data breaches, and other cyber threats.

Ransomware – A type of malicious software designed to block access to a computer system or data until a ransom is paid, often used by cybercriminals to extort money from individuals or organizations.

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