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Tag: sales

Tesla’s China-made Model Y takes off despite holiday car sales slump

Finance
A Model Y vehicle displayed at a Tesla flagship store on Jan. 4, 2021 in Shanghai, China.Gao Yuwen | Visual China Group | Getty ImagesBEIJING — Tesla's Model Y is getting off to a solid start in China, less than three months since deliveries began.The mid-size SUV was the third best-selling electric car in February at 4,630 vehicles, according to data released Wednesday by the China Passenger Car Association. Taking January into account, the data showed the car was the ninth-best seller among new energy vehicles, a category that includes electric cars.Tesla announced on New Year's Day its China-made Model Y would begin deliveries at a price that Chinese media said was 30% cheaper than previously announced.The Model Y was popular even though car sales typically fall during the week-long Lun
Facebook rainforest ads: Inquiry ordered into Amazon land sales

Facebook rainforest ads: Inquiry ordered into Amazon land sales

Technology
Getty Images/BBCBrazil's Supreme Federal Court has ordered an inquiry into the sale of protected areas of the Amazon rainforest via Facebook.It follows a BBC investigation, which revealed plots as large as 1,000 football pitches listed among the platform's Marketplace classified ads.The court is asking the government to "take the appropriate civil and criminal measures".Facebook has said it is "ready to work with local authorities".But the tech firm has indicated it will not take independent action of its own to halt the trade.The Amazon is the largest rainforest in the world and a vital carbon store that slows down the pace of global warming. It is home to about three million species of plants and animals, and one million indigenous people.Still onlineBrazilian Supreme Court Justice Luís
Jeff Bezos to step down as Amazon boss as Christmas quarter sales exceed $100bn

Jeff Bezos to step down as Amazon boss as Christmas quarter sales exceed $100bn

Business
Amazon founder and CEO Jeff Bezos is to step down from running the business as it reported record revenues for its core Christmas quarter, topping $ 100bn for the first time with help from the coronavirus pandemic.The e-commerce, cloud data storage and entertainment giant said Bezos would become executive chair during the summer, with Amazon Web Services chief Andy Jassy assuming the top job. Bezos said the shift would give him more time to concentrate on his other passions, including the fight against climate change, and that the company's latest results demonstrated it was the right time to make the transition. Image: Amazon has benefited from lockdown restrictions in key global markets Amazon recorded total sales of $ 125.6bn (£92b

Apple posts big quarter on fast sales start for iPhone 12

Technology
Apple’s delayed launch of its latest iPhones unleashed a holiday buying frenzy that propelled sales of the trendsetting company’s most popular product to its fastest start in yearsBy MICHAEL LIEDTKE AP Technology WriterJanuary 27, 2021, 10:04 PM• 3 min readSAN RAMON, Calif. -- Apple’s delayed launch of its latest iPhones unleashed a holiday buying frenzy that propelled sales of the trendsetting company’s most popular product to its fastest start in years.The apparently pent-up demand for four different iPhone 12 models highlighted Apple’s latest quarterly report Wednesday.Apple’s iPhone sales during the October-December period totaled $ 65.6 billion, a 17% increase from the same time in the previous year.Part of the gain reflected pandemic-driven production problems that pushed back the r
Retail sales for 2020 show largest annual fall since records began

Retail sales for 2020 show largest annual fall since records began

Business
Retail sales in 2020 saw the largest annual fall since records began in 1996, as retailers continued to suffer from the effects of the coronavirus pandemic.Despite a 0.3% rise in sales volumes during December, the figure for 2020 as a whole saw sales down 1.9%, with clothing sales slumping by more than a quarter. The slight rise in December was far less than the 1.2% increase expected by economists and left sales 2.9% higher than a year earlier, according to the Office for National Statistics (ONS) figures.Live coronavirus updates from UK and around the world Image: Shoppers at Westfield Stratford City the run-up to Christmas While spending online surged by 46.1% in 2020, non-essential retail was closed for much of the year under rul...