Tata Electronics buys majority stake in Pegatron's only iPhone plant in India: Report
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
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
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
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
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
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.
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
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
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
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.
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.
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
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
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
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.