Reports by SuperData indicated a downward sales projection for PlayStation VR. Contrary to the high estimated sales the firm released earlier this year, the projected units that would be sold by the end of this year dropped to 750,000.
The Toronto Real Estate Board released sales statistics that show an increase of 23% year-over-year on home prices in November. The Toronto region has experienced strong price gain, and TREB has urged the government to launch initiatives focused on alleviating the lack of supply.
DocSend received a new investment round totaling in $8 million to enhance its service on documents sharing and documents analytics. The startup has been focusing in documents as the core of most business deals.
The Korean electronic giant predicted a high increase of profit in its earning guidance. Successful sales of Galaxy 7 flagship product is the main contributor for the profit growth.
Clothing and accessories sector is outpacing other sectors in e-commerce sales. Some factors, including better shipping and return policies and changes in mobile uses, are encouraging more people to make more small purchases online.
Meizu already unveiled its newest model m3 note. The Chinese OEM is keeping its concept of quality devices with affordable prices, which makes the brand popular in China’s market.
Samsung is establishing itself as India’s number one smartphone manufacturer. The company credits strong sales for its new series of mid-tier products with new special features.
Fever-Tree founders have reportedly sold their shares worth £18 million in total as a result of demands by investors. However, they claim to still be sticking with the business and still have the majority of their shares.
Tesla announced parts shortage as the factor that caused the company to miss its initial sales target for the first quarter of 2016. The company, however, retains its guideline for the full year as it already solved the root of the problem accordingly.
Samsonite saw strong sales in Asia, particularly China, in 2015. The company is not sure about 2016 outlook due to potential challenges, as it moves forward to boost presence in Asian markets.
China’s property market keeps on growing even amid the country’s economic slowdown and weak exports. The surge in the real estate sector is contributing positively to the country’s economy as a new economic driver.
The sales of Honda’s first five-seater fuel cell vehicle has began in Japan, and the Clarity Fuel Cell is planned to enter the European and U.S. market later this year. The new fuel cell car is seeing some performance improvement and only takes three minutes to refuel its compact fuel cell stacks.
Bikes maker Palo Alto Bicycles, which Silicon Valley startups have often contacted to purchase high-end custom bikes for their employees, have confirmed a decline in sales. The declining sales are likely to be an indicator that startups are being more careful in spending money as investors got tighter in demanding profitability.
Black Bear Diner had secured an investment from private equity fund PWP Growth Equity. The financial backing will be allocated to expand growth and coverage in new and existing markets. The restaurant plans to add new locations and grow to 155 restaurants in the U.S while retaining its unique concept.
Apple Inc is planning to increase investment in India. The company recently indicated that it is eyeing the second largest market in the world for long-term investment opportunities.