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With 1.55 bn users, Facebook’s earnings rise in third quarter

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Washington: Buoyed by its mobile-advertising efforts, the social networking site Facebook has posted 11.3 percent profit in its third quarter results – at $4.5 billion in revenue from $4.04 billion last quarter with a significant increase in the number of its active users.

Facebook’s mobile advertising revenue represented approximately 78 percent of advertising revenue for the third quarter of 2015 – up from 66 percent of advertising revenue in the third quarter of 2014, the California-based company said in a statement on Wednesday.

While the 11-year-old company registered 1.55 billion monthly active users (MAUs) – an increase of 14 percent year-over-year– Mobile MAUs were 1.39 billion as of September 30 – an increase of 23 percent year-over-year.

There are now 1.01 billion daily active users sharing status updates and checking on other people.

“We had a good quarter and got a lot done. We are focused on innovating and investing for the long term to serve our community and connect the entire world,” said Mark Zuckerberg, Facebook founder and CEO.

Facebook’s GAAP net income for the last three months — its real profit – was $896 million compared to $719 million last quarter.

While capital expenditures for the third quarter of 2015 were $780 million, cash and cash equivalents and marketable securities were $15.83 billion at the end of the third quarter of 2015, the statement read.

Facebook has added four million users in its money-making core market of the US and Canada.

The company has rolled out several aggressive features in last few months.

If you use Facebook on iPhone, you can now read thousands of Instant Articles every day in your News Feed.

Instant Articles are simply articles already in your Facebook News Feed, made faster and richer.

Users will see a lightning bolt on the top right corner of some stories shared in News Feed. The lightning bolt indicates it is an Instant Article. When you tap the story, it will load 10 times faster than a standard mobile web article, the company said in a statement.

“Instant Articles not only connect readers to stories faster; they also provide a richer reading experience than standard mobile web articles, with dynamic features that make the content more fluid, interactive and immersive,” Facebook product manager Michael Reckhow said.

Business

Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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