Tata Electronics buys majority stake in Pegatron's only iPhone plant in India: Report
Nov 17, 2024, at 11:40 pm
India's Tata Electronics has entered into an agreement to acquire a majority stake in Taiwanese contract manufacturer Pegatron's sole iPhone plant in India, establishing a joint venture aimed at bolstering Tata's role as an Apple supplier, Reuters reported, citing sources.
Apple acquires Lithuanian-based photo editing app Pixelmator
Nov 02, 2024, at 08:43 pm
California/IBNS: Apple has acquired Pixelmator, the Lithuanian-based company behind popular image editing apps like Pixelmator, Pixelmator Pro, and Photomator.
Tim Cook confirms plans to open four new Apple stores in India
Nov 01, 2024, at 11:16 pm
California/IBNS: Apple CEO Tim Cook has announced plans to open four additional Apple Stores in India, following record-breaking quarterly revenue for the third quarter of 2024.
Apple's production shift: Tech major exports $6 billion worth of iPhones from India
Oct 29, 2024, at 06:09 pm
New Delhi/IBNS: Apple's iPhone exports from India surged by a third in the six months leading up to September, highlighting the company's strategic shift to expand its manufacturing footprint in India and reduce reliance on China, reports Bloomberg.
Apple plans four new retail stores in India, announces 'Made in India' iPhone 16 Pro, Pro Max
Oct 04, 2024, at 08:20 pm
Mumbai/IBNS: American tech giant Apple is set to open four new retail stores in India and has started manufacturing its iPhone 16 Pro models locally, as part of its effort to strengthen its presence in the world's second-largest smartphone market.
Apple may turn to China as fire halts production at Tamil Nadu iPhone plant: Report
Oct 03, 2024, at 08:13 pm
Chennai/IBNS: A fire at Tata Group's plant in Tamil Nadu, which produces components for Apple iPhones, could disrupt production ahead of the festive season sales surge, Reuters reported, citing industry experts and a source familiar with the situation.
Sep 25, 2024, at 09:03 pm
Chennai/IBNS: Foxconn is planning a $1 billion investment to establish a facility in Tamil Nadu for assembling smartphone display modules, according to a report by The Economic Times.
Apple stores in Delhi and Mumbai draw massive crowd as iPhone 16 series now on sale
Sep 20, 2024, at 05:25 pm
Apple's flagship stores in the national capital Delhi and financial capital of India, Mumbai drew a massive crowd this morning as its iPhone 16 series went on sale from Friday.
Google, Apple lose multibillion dollar court fights with European Union
Sep 11, 2024, at 07:12 pm
Luxembourg/IBNS: Apple Inc. has lost its legal battle over a €13 billion ($14.4 billion) Irish tax bill, while Google has lost its challenge against a €2.4 billion fine for abusing its market power, reports Bloomberg.
iPhone production in India expected to account for 25% of global shipments by 2025, says report
Sep 10, 2024, at 09:46 pm
New Delhi/IBNS: Driven by the 'Make in India' initiative and the production-linked incentive (PLI) scheme, Apple's flagship iPhone production in India has increased from under 1 percent in 2017 to 10 percent in 2023, and the American tech giant's goal is to scale up this figure to 25 percent of global shipments by 2025, according to a latest report by global investment firm Jefferies.
Sep 10, 2024, at 06:38 pm
Bengaluru/IBNS: American tech giant Apple has started talks with Micron, the Tata Group, and other semiconductor manufacturers setting up plants in India to secure $12 billion worth of chips for its iPhones produced in the country.
Sep 09, 2024, at 09:45 pm
California/IBNS: In a recently viral throwback interview, Apple CEO Tim Cook clarified common misconceptions about the company's decision to manufacture in China, providing insight into the true reasons behind Apple's reliance on the country.
Apple, Nvidia likely to invest in OpenAI's next huge potential funding round: Report
Aug 30, 2024, at 06:14 pm
San Francisco/IBNS: American artificial intelligence (AI) start-up OpenAI is gearing up for a significant funding round that could value it at over $100 billion, and two of the biggest US-headquartered global tech companies are in talks to join this investment funding round, reports said.
Apple's operations in India likely to create 6 lakh jobs: Report
Aug 27, 2024, at 11:26 pm
Bengaluru: Apple's operations in India are projected to generate up to 600,000 jobs by the end of this financial year, according to an Economic Times report.
Apple announces Indian-origin executive Kevan Parekh as new CFO, to take over from January 1
Aug 27, 2024, at 05:55 pm
California/IBNS: American tech major Apple has announced that its long-time employee Kevan Parekh will take over as the company's Chief Financial Officer (CFO) on January 1, 2025.
Foxconn chief meets PM Modi, explores investment plan in Karnataka, Tamil Nadu and Andhra Pradesh
Aug 15, 2024, at 09:23 pm
New Delhi/IBNS: Young Liu, the chairman of iPhone contract manufacturer Foxconn, on Wednesday (Aug 14) met Prime Minister Narendra Modi and discussed the Taiwanese tech company's investment plan in India.
Apple's India revenue projected to cross $9.5 billion in 2024: Report
Aug 02, 2024, at 11:01 pm
Mumbai: After an unprecedented quarterly revenue in April-June period, Apple is anticipated to witness a 20 percent rise, exceeding $9.5 billion in 2024, Moneycontrol reported.
Tata Group cancels stake acquisition in Chinese phone maker Vivo India as Apple objects deal: Report
Jul 31, 2024, at 10:35 pm
Mumbai: The Tata Group's attempt to acquire a majority stake in Vivo's India business has faced challenges due to objections from Apple, according to a Times of India report.
Apple to make iPhone 'Pro' models in India for the first time
Jul 30, 2024, at 10:43 pm
New Delhi/IBNS: American tech giant Apple is all set to expand its manufacturing footprint in India by making high-end iPhone "Pro" models in the country for the first time, reports MoneyControl.
iPhones get cheaper by up to Rs 6,000 after customs duty relief in Budget
Jul 27, 2024, at 07:44 am
New Delhi: Apple has reduced the prices of its iPhones by 3-4% across its entire range, allowing customers to save between Rs 5,100 and Rs 6,000 on Pro or Pro Max models.
Foxconn eyes expansion in India, plans Apple iPad assembly in Tamil Nadu plant 'soon': Report
Jul 26, 2024, at 05:45 pm
New Delhi/IBNS: Foxconn has been eyeing major expansion in India as the Taiwanese tech major is planning to assemble Apple's flagship tablet iPad at its Sriperumbudur facility in Tamil Nadu, according to a report by the Economic Times.
Apple registers 33 percent jump in revenue in India
Jul 16, 2024, at 11:47 pm
Marking a swift growth, Apple's annual sales in India touched a record of nearly $8 billion.
CCI probe alleges Apple exploited its dominant position in the app store market
Jul 13, 2024, at 06:06 am
New Delhi: An investigation by The Competition Commission of India (CCI) has concluded that Apple exploited its dominant position in the app store market on its iOS operating system, engaging in "abusive conduct and practices," Reuters reported.
Chipmaker Nvidia is now world's most valuable company
Jun 19, 2024, at 02:32 pm
Chipmaking major Nvidia has become the world's most valuable company after its stocks reached all-time high on Tuesday, media reports said.
S&P 500, Nasdaq post all-time closing highs ahead of CPI, Fed decision
Jun 12, 2024, at 05:11 pm
New York/IBNS: The S&P 500 and Nasdaq rose on Tuesday (June 11) to end at all-time highs, reversing early losses as investors prepared for upcoming inflation data and the United States Federal Reserve's policy meeting, reports said.
Apple CEO Tim Cook expresses happiness over company's double-digit progress in India
May 04, 2024, at 10:03 pm
Apple CEO Tim Cook has expressed happiness over the company's performance in India during the latest earnings call.
Apple inks JV with CleanMax for 6 rooftop solar projects with 14.4 MW capacity in India
Apr 18, 2024, at 02:17 am
Bengaluru: iPhone maker Apple has inked a joint venture with Indian renewable energy developer CleanMax to address the issue of greenhouse gas emissions associated with customers using their devices under its Apple 2030 roadmap.
Apr 17, 2024, at 02:05 am
Bengaluru: Apple is in talks with the Murugappa Group and Tata Group's Titan Company for manufacturing sub-components for iPhone camera modules, media reports said.
Apple plans to cut 614 workers in California
Apr 05, 2024, at 02:15 pm
Tech major Apple has decided to lay off 614 workers in California, marking the first significant round of job cuts since pandemic, media reports said.
Apple to open its new Shanghai store on Thursday
Mar 19, 2024, at 11:58 pm
Tech major Apple recently previewed Apple Jing’an, located near Jing’an Temple and Jing’an Park in Shanghai, giving Chinese consumers a new option to buy the devices.