Teen Traders' Blog

BMW has grabbed the nuber one spot in the Luxury car segment in Idia leaving behind traditional winner Mercedes having sold 3619 cars in the calendar year 2009, which rates as the highest number of units sold by a luxury car manufacturer in India claiming a 40% market share. BMW India sold 1155 units of the 3 Series, 1590 units of the 5 Series, 28 units of the 6 Series, 350 units of the 7 Series, 101 units of the X3, 287 units of the X5, 83 units of the X6 and 25 units of the Z4.

Peter Kronschnabl, BMW India President said in a statement, “We made great strides in implementing our strategy, and this gave us a significant competitive edge that provided us with a clearly formulated vision. Now more than ever, we see that the number one position in the market is not everything. But, the future belongs to India and if you want to benefit from the dynamics of the Indian market later, you need to act today. This is what we did. Our commitment to India was among the strategic decisions that had to be taken right away.”
 

BMW India ranks as the number one in the luxury car segment in India.
BMW India achieves leadership position by increasing its market share in the luxury segment of the Indian automotive market to over 40%.
 
New Delhi.  BMW India is the number one in the luxury car segment in India and portrays a symbol for dynamic and forward striving people.
 
BMW India increased its market share in the luxury segment of the Indian automotive market to over 40% in 2009 (from 9% at the end of 2006).  With 3619 cars delivered to customers in the calendar year 2009, BMW India has achieved the “highest sales by a manufacturer in the luxury car segment in a year” till date.
 
In 2009 BMW India sold
 
BMW 3 Series – 1155 units
BMW 5 Series – 1590 units
BMW 6 Series – 28 units
BMW 7 Series – 350 units
BMW X3 – 101 units
BMW X5 – 287 units
BMW X6 – 83 units
BMW Z4 – 25 units

Ever since rumours about Apple’s tablet being launched surfaced, media world over just couldn’t stop writing about it, many predicting another blockbuster from the Apple shed. Investors have gone berserk and hopes are sky high.

 Brian Claufield writes on Forbes that Apple’s chief, Steve Jobs may be aiming the Tablet at the Amazon’s hot-selling e-reader Kindle.

Oppenheimer analyst Yair Reiner reports that Apple shall begin the manufacturing of the Tablet from February suggesting a late April Commercial release. Assuming that Apple sells 1-1.5 million units for $1000 each and make up 22% margin the tablet could amazingly add 25-38cents per Apple’s each share.

He writes Apple might be approaching publishers with a better deal then what Kindle offers. Reiner writes that Apple might just ask 30%  of revenues generated by selling e-books and moreover will not ask publishers for an exclusive commitment somewhat similar to the 70-30 share that Apple already offers to the developers making software for its iPhone and iPod Touch

Novartis AG surprised investors and offered to buy the rest of Alcon Inc from Nestle SA and minority share holders  for about $39.3 billion. Alcon Inc is the world’s largest eye-care company.

Nestle will sell a 52 percent stake to the Basel, Switzerland-based drugmaker for an average of $180 a share, or a total of $28.1 billion, Novartis said today. Novartis also offered to pay 2.8 of its own shares for each remaining Alcon share held by the public, equivalent to about $11.2 billion.

via BW