China–s Smartphone Market Contracts YoY For the First Time in Six Years

China–s Smartphone Market Contracts YoY For the First Time in Six Years

IDC?s latest Mobile Phone Tracker shows the China smartphone market contracted by 4% year-on-year (YoY) with 98.8 million units shipped in the first quarter of 2015.  This is the first time in six years that the China smartphone market declined YoY as the market continues to mature. On a QoQ basis, the market contracted 8% on the back of a large inventory buildup at the end of last year. 
"Smartphones are becoming increasingly saturated in China,? said Kitty Fok, Managi

Rheinmetall: First Quarter with growth in sales and earnings in both sectors

Rheinmetall: First Quarter with growth in sales and earnings in both sectors

.
– Consolidated sales up 14% to ?1,173 million in first quarter
– Defence posts sales growth of 23% to ?509 million, operating earnings improved by ?14 million
– Automotive increases sales to ?664 million and operating earnings at an even faster rate to ?55 million
– Group EBIT positive again: ?23 million increase to ?22 million
– Order backlog over ?7 billion for the first time
The Düsseldorf-based Rheinmetall Group started the new fiscal y