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In another push to its India manufacturing dream, Apple maker Foxconn is all geared up to start the local production of the next-generation of iPhone 15 at its Sriperumbudur facility near Tamil Nadu faster than ever, as the company doubles down on the ‘Make in India’ initiative. Sources close to the development told IANS that Apple aims to deliver locally-assembled iPhone 15 as soon as it is launched globally in the middle of next month, in order to narrow the launch-...
Apple to export `Make in India` iPhone 15 faster than ever, production to begin
As Apple CEO Tim Cook bets big on generative AI, the tech giant has posted several job openings in the field of artificial intelligence (AI) globally. Over the last few months, the iPhone maker has posted dozens of AI jobs in the US, France, and China, looking to fill roles that could help build generative AI tools that use local processing on mobile devices, reports The Financial Times. "We are seeking a candidate with a proven track record in applied ML research. Responsibi...
Apple begins hunt for generative AI talent globally
Apple has crossed 1 billion paid subscriptions across the services on its platform, up 150 million during the last 12 months and nearly double the number of paid subscriptions it had only 3 years ago. According to the iPhone maker, its installed base of over 2 billion active devices continues to grow at a nice pace and establishes a solid foundation for the future expansion of its ecosystem. “We see increased customer engagement with our services. Both our transacting accoun...
Apple surpasses 1 bn paid subscriptions across its services
Apple CEO Tim Cook has revealed that the tech giant has been working on generative AI and other models for years. Cook said that Apple views artificial intelligence (AI) and machine learning (ML) as fundamental core technologies. “And they are virtually embedded in every product that we build,” Cook told CNBC late on Thursday, as the company reported strong June quarter results, driven by stronger services sales that grew 8 per cent (year-on-year) “On a research basis,...
Apple`s Tim Cook, Amazon`s Andy Jassy bet big on generative AI
Apple has set a June quarter records in India, driven by the robust sales of iPhones, its CEO Tim Cook has said. During the company’s fiscal 2023 third quarter results late on Thursday, Cook said that the performance of “our new stores in India this spring exceeded our expectations”. Apple opened its own-branded Mumbai and Delhi retail stores in the country in April this year, which met with great enthusiasm. On a specific question on the potential of India, Cook sa...
We set June quarter records in India driven by robust iPhone sales: Tim Cook
Indian Prime Minister Narendra Modi's visit to the United States may encourage more American companies to consider investing in the South Asian country as they look to reduce their reliance on China for manufacturing-related activities. The United States is the third largest source of foreign investment for India, with over $60 billion invested between 2000 and 2023, according to official data. Following are some recent investment announcements, mostly by U.S. companies: TESLA ...
Narendra Modi's US visit may encourage more American firms to invest in India
Apple CEO Tim Cook, who met Indore's Asmi Jain who was selected among the winners of WWDC23 Swift Student Challenge, has said that the thriving iOS developer community in India always fascinates him and 20-year-old Jain's work only exemplifies the creativity. As an Apple Swift Student Challenge student winner, Jain had a virtual meeting with Cook. "I had an amazing time meeting so many people from India's innovative iOS developer community earlier this year, and Jain...
Asmi Jain`s work exemplifies Indian iOS developers' creativity: Tim Cook
The App Store developers generated $1.1 trillion in total billings and sales in 2022, an Apple study revealed on Wednesday. The economists from Analysis Group, one of the largest international economics consulting firms, estimate that last year, App Store developers generated $910 billion in total billings and sales from the sale of physical goods and services, $109 billion from in-app advertising, and $104 billion for digital goods and services. The App Store continues to create incred...
App Store developers generated $1.1 trillion in total billings, sales in 2022
Apple has announced the expansion of its 'Apple Store' online in Vietnam for customers in the country to shop direct with Apple and receive service. "With today's expansion, we're proud to offer customers an incredible new way to discover and shop for our amazing products and services, connect with our knowledgable team members, and experience the best of Apple," Deirdre O'Brien, Apple's senior vice president of Retail, said in a statement. With the App...
Apple expands its `Apple Store` online in Vietnam
Indian Prime Minister Narendra Modi this week trumpeted a flurry of investment by global companies as he tries to create more jobs ahead of a general election due in the first half of next year. Amazon.com Inc's cloud computing division on Thursday became the latest company to announce an investment in the world's most populous country. Following are some recent investment announcements, mostly by U.S. companies. AMAZON Amazon Web Services said it planned to invest $13 bil...
Factbox-Amazon to Walmart, investors in India boost Narendra Modi ahead of vote
Apple sold iPhones worth $51.3 billion in its March quarter, a record for the company, and iPhone 14 and 14 plus continued to delight users with their long lasting battery and advanced camera, the company's CEO Tim Cook has said. According to him, iPhone 14 Pro users continue to rave about the most powerful camera system ever in an iPhone. "This March, we were excited to expand emergency SOS via satellite to six new countries, bringing this important safety feature to even more...
iPhone sales set new March quarter record at $51.3 bn: Tim Cook
Apple set a quarterly record in the January-March period in India and grew very strong, in double digits year-over-year, said Tim Cook, the company's CEO who was in India last month to open the first branded retail stores in Mumbai and New Delhi. Apple reported a record revenue of $94.8 billion for its March quarter which was better than expectations. "Looking at the business in India, we did set a quarterly record, grew very strong, double digits year-over-year. So it was quit...
Apple set quarterly record in India, country at a tipping point: Tim Cook
When Tim Cook arrived in India earlier this month to open Apple's first physical store in the country, he was welcomed like a hero, media reports said. Cook's visit, the latest by a top global executive, exemplifies the rising tide of interest that corporations and governments are showing in doing business with India, CNN reported. Just days after his landmark trip, Pret A Manger, a trendy British sandwich chain, set up its first outlet in the commercial capital of Mumbai, as it b...
Rising tide of interest in doing business with India
Apple CEO Tim Cook on Friday met with Bharti Enterprises chairman Sunil Bharti Mittal and several content developers. Mittal and Cook committed to working more closely in India and Africa. "Tim Cook and Sunil Bharti Mittal had an hour-long meeting this morning," the company said on Twitter. "While expressing their satisfaction on the ongoing long relationship that Apple and Airtel have had, reaffirmed their commitment to work more closely in the Indian and African mark...
Tim Cook meets Sunil Mittal, software developers, photographers
pple CEO Tim Cook on Thursday inaugurated the company's second flagship store in India, in the Capital while greeting the first wave of customers. The Apple own-branded retail store at Select CityWalk mall in Saket, South Delhi, was jam-packed with fans and customers, as a delighted Cook welcomed customers. The Apple store will offer personalised support and unique experiences for customers to discover the various aspects of the technology. "We're thrilled to bring the b...
Tim Cook inaugurates Apple Saket Delhi store amid huge crowd
Apple CEO Tim Cook on Wednesday met Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, and discussed how to further boost local manufacturing and iPhone exports. Apple logged a record over $5 billion in iPhone exports from India in FY23. "It was a delight to meet @tim_cook CEO, @Apple and his team to engage on Apple's strategic and long-term partnership with and in India's digital journey," the minister said in a tweet. "We discussed deepenin...
Tim Cook, Rajeev Chandrasekhar discuss boosting manufacturing, exports
Apple CEO Tim Cook on Wednesday met Prime Minister Narendra Modi, and stressed that he is committed to growing and investing across the country, as they discussed tech-driven transformations happening in the country. Cook, who is in India to launch the company's flagship retail stores in Mumbai and Delhi, thanked PM Modi for the warm welcome he received. "Thank you Prime Minister @narendramodi for the warm welcome. We share your vision of the positive impact technology can make...
PM Narendra Modi discusses India`s tech-powered transformations with Apple CEO
For Apple CEO Tim Cook, seeing a 1984 Macintosh Classic machine as he launched India's first Apple store in Mumbai was a cute surprise. He could not stop his amusement after Sajid Moinuddin, a designer by profession and a Goregaon resident, came with an old Macintosh computer to see him at the inauguration of Apple BKC here. Cook was elated to see the old Apple machine at the event, and signed an autograph on it. The Apple CEO, in India after a gap of seven years, also signed an ...
Cook left amused after seeing 1984 Mac computer at Mumbai retail store
An 'excited' Apple CEO Tim Cook on Tuesday greeted a huge crowd of people and first customers amid desi drum beats as he opened the company's first branded retail store in the country. Cook came out from the Mumbai retail store and took selfies with the first Apple buyers who came in big numbers. He welcomed customers at Apple BKC, located at Mumbai's bustling Bandra Kurla Complex (BKC) financial, arts, and entertainment district, at the Jio World Drive Mall. The new ...
Tim Cook greets first customers as Apple debuts India retail store
Apple Chief Executive Tim Cook will meet India's Prime Minister Narendra Modi and its deputy IT minister as part of his visit to inaugurate the iPhone maker's first retail store in the country this week, people familiar with the plans said. The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India, where despite having just a 3% market share the company has been expanding iPhone assembly ...
Apple CEO Cook to meet Indian PM Narendra Modi amid expansion
Apple CEO Tim Cook on Monday said that the company is excited to build on its long-standing history in India, as it gears up to mark a major expansion with the opening of its first retail stores in the country. Apple completes more than 25 years in India this week and the tech giant will open two own-branded retail stores -- at Jio World Drive Mall in Mumbai and at Select CityWalk mall in Saket, Delhi. "India has such a beautiful culture and an incredible energy, and we're exci...
Excited to build on Apple's long-standing history in India: Tim Cook
Amid the local manufacturing push and an upcoming widespread retail store strategy, Apple shipped $7.5 billion worth iPhones and iPads in India in FY22-23, data accessed by IANS has shown. In FY23, Apple shipped more than 7 million iPhones and half a million iPads in the country, registering a 28 per cent growth for iPhone shipments, according to initial estimates provided by market intelligence firm CMR. As Apple doubles down on domestic manufacturing in India, the tech giant is likely...
Apple shipped $7.5 bn worth iPhones, iPads in India in FY23
As Apple firms up its plans to put India on its global manufacturing and retail map, the company's CEO Tim Cook will be in India next week to inaugurate Apple's brick-and-mortar stores in Mumbai and Delhi. Reliable sources told IANS that Cook will inaugurate Apple's own branded retail stores -- at Jio World Drive Mall in Mumbai and at Select CityWalk mall in Saket, Delhi -- that will be the first for the tech giant which has doubled down on its India growth plans. Apple set ...
Bullish on India, Tim Cook to unveil Apple retail stores in Mumbai, Delhi
After years of wait, Apple on Wednesday finally lifted the curtains off its much-awaited own branded retail store in India, as it ramps up plans to boost local manufacturing in a fillip to the Central government's 'Make in India' initiative. Apple revealed the barricade of its first brick-and-mortar store in India at Jio World Drive Mall in Mumbai, officially marking the upcoming opening of Apple BKC. Inspired by the iconic 'Kaali Peeli' taxi art unique to Mumbai, th...
Apple reveals first glimpse of its grand India retail store in Mumbai
Samsung Electronics' Executive Chairman Lee Jae-yong has visited a semiconductor components manufacturing site in China run by a Samsung affiliate, the company said on Sunday, in the first such trip to the neighbouring country in three years. Lee visited the manufacturing facility in Tianjin, operated by Samsung Electro-Mechanics Co and checked the multilayer ceramic capacitors (MLCC) production line, Samsung Electronics said. It marked Lee's first visit to a Samsung plant in Ch...
Samsung chief visits chip parts manufacturing unit in China
Apple has set another all-time revenue record for the India market, along with quarterly records in Brazil and India, its CEO Tim Cook has said. In the analysts' call after posting its quarterly results, Cook said late on Thursday that looking at the business in India, "we set a quarterly revenue record and grew very strong double digits year over year and so we feel very good about how we performed". "That's despite the headwinds that we talked about. India is a ...
Apple sets all-time sales record in India, retail store soon: Tim Cook
Apple CEO Tim Cook has taken a huge pay cut of $35 million, or more than 40 per cent of his compensation, amid challenging global macroeconomic conditions. According to a new regulatory filing in the US Securities Exchange Commission (SEC), Cook's pay will drop from $84 million in 2022 to $49 million in 2023, at his own recommendation, reports The Verge. The pay change is entirely from an adjustment in his equity value. In 2022, that value was estimated to be worth $75 million. H...
Tim Cook takes a hefty $35 mn pay cut amid rough global market
Twitter on Sunday announced to relaunch its Blue subscription service with verification on December 12, that will cost $8 for Android users and $11 for iPhone owners per month. Musk has raised the price of Twitter Blue subscription service from $8 to $11 for iPhone users, keeping the 30 per cent cut that Apple takes on revenues from iOS apps on its App Store. "We're relaunching @TwitterBlue on Monday - subscribe on web for $8/month or on iOS for $11/month to get access to subsc...
Twitter Blue with verification arrives on Dec 12; $8 for Android, $11 for iPhones
Elon Musk is going to raise the price of Twitter Blue subscription service with verification from $8 to $11 for iPhone users, keeping the 30 per cent cut that Apple takes on revenues from iOS apps on its App Store. According to a report in The Information, the micro-blogging platform has informed some employees that it plans to change the pricing of its Twitter Blue subscription service. The company executives are considering charging $7 for Blue service for Twitter on the web and $11 v...
Twitter considering $11 for Blue service with verification for iPhone users
In their bid to cut the dependency on China amid the supply chain turmoil, US President Joe Biden and Apple CEO Tim Cook have announced plans to start using chips made in the US, after opening a new processor factory in Phoenix, Arizona. "These chips will power iPhones and MacBooks, as Tim Cook can attest. Apple had to buy all the advanced chips from overseas. Now we're going to do more of their supply chain here at home," Biden said during an event at the Arizona facto...
Tim Cook, Joe Biden plan 'make in America' chips at TSMC plant
Twitter CEO Elon Musk has said that the tech giant Apple has "fully resumed" advertising on the micro-blogging platform. According to Bloomberg, during a two-hour Twitter Spaces Musk also mentioned that Apple was Twitter's largest advertiser, reports MacRumors. The tech giant reportedly spends more than $100 million a year on advertising on the micro-blogging platform. Meanwhile, Musk had criticised the App Store cut on November 18, by calling it a "hidden 30 per c...
Apple `fully resumed` advertising on Twitter, says Musk
Apple now has 900 million paid subscriptions on the platform which doubled in just three years, the company CEO Tim Cook has announced. The company said that paid accounts are growing faster than transacting accounts, so the penetration of paid accounts is increasing. "We have a great subscription business, 900 million paid subs now on the platform and growing very fast. We doubled in 3 years. This is the part that is really interesting to us because we really believe that the engi...
Apple now has 900 mn paid subscribers: Tim Cook
Apple iPhone revenue grew 10 per cent (year-over-year) to a September quarter record of $42.6 billion, the company has announced, as India market sees bumper iPhone sales led by the new 14 series. Apple CEO Tim Cook said that the customer demand was strong and better than we anticipated that it would be. "Customers are loving our iPhone 14 lineup. Loaded with camera upgrades for sharper photos, Action Mode for smoother videos and new safety features like Crash Detection and Emergen...
iPhone revenue grows 10% to reach $42.6 bn globally, India a sweet spot
Apple CEO Tim Cook has said that the company has made a new revenue record in India in the July-September period, and continues to perform well with strong double-digit growth in the country, which is next on Apple's big manufacturing plans. Apple posted a September quarter record revenue of $90.1 billion globally, up 8 per cent year over year. Annual revenue was $394.3 billion, also up 8 per cent year over year. "Across nearly every geographic segment, we reached a new r...
Apple sets new revenue record in India, logs double-digit growth
Tech giant Apple on Tuesday called on its global supply chain to reduce greenhouse gas emissions and use a holistic approach to decarbonisation. Apple also announced new initiatives and investments aimed at promoting climate solutions for communities and decarbonising the global economy. "Fighting climate change remains one of Apple's most urgent priorities and moments like this put action to those words," said Apple CEO Tim Cook. "We're looking forward to cont...
Tim Cook calls on Apple suppliers to decarbonise by 2030
Apple CEO Tim Cook on Monday tweeted a Diwali image captured by Mumbai-based photographer Apeksha Makar, saying this photo truly depicts what the 'festival of light' is for millions in the country as well as abroad. Shot on an iPhone, the image showed a woman's henna-coloured hands enclosing a "diya" or earthen lamp. "This photo beautifully captures why Diwali is known as the Festival of Lights. Wishing all who celebrate a holiday full of joy and prosperity. #...
Tim Cook tweets Diwali image by Mumbai-based photographer
As India sets eyes on a mass-scale 5G adoption with kicking-off spectrum auction, Apple CEO Tim Cook has said that the 5G penetration is still low around the world, a reason that makes him optimistic about its future. The installed base of smartphones with 5G capabilities has crossed 5 crore (50 million) in the country, and 5G smartphone shipment share reached 29 per cent of overall shipments in the second quarter (Q2), which was the highest ever, according to Counterpoint Research. In ...
I`m optimistic on 5G as penetration is still low: Apple CEO Tim Cook
Apple has seen a new doubling of its revenues in India in the April-June period, setting a new all-time record in the country particularly riding on its iPhone 13 series, the companys CEO Tim Cook has announced. Speaking to analysts after posting a record June quarter, Cook said that the quarter recorded record revenue in developed and emerging markets "with double-digit growth in Brazil, Indonesia and Vietnam, and a new doubling of revenue in India." Cook said that the compan...
Apple sees new doubling of revenues in India in Q2: Tim Cook
Tesla and spaceX CEO Elon Musk has topped the list of the most highly compensated CEOs on the Fortune 500 in 2021. After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple (Tim Cook), Netflix (Reed Hastings), and Microsoft (Satya Nadella). In 2021, Musk "realised" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear "moonshot" grant. That...
Elon Musk highest-paid CEO, followed by Tim Cook
Apple CEO Tim Cook on Friday took to Twitter to wish everyone on the occasion of Holi, the festival of colours. "Wishing everyone celebrating Holi a vibrant beginning to spring. Here's to spreading the joy of color with these beautiful images #ShotOniPhone13ProMax," Cook said in a tweet. He has also shared three photosclicked on the Apple iPhone 13 Pro Max. According to market research firm Counterpoint, Apple dominated the list of top 10 best-selling smartphones in 202...
Apple CEO Tim Cook sends Holi wishes to people celebrating across world
Tesla CEO Elon Musk has trolled Apple CEO Tim Cook on Twitter over Apple's new $19 cleaning cloth. In celebration of Apple's new store in Istanbul, Cook tweeted on Friday: "Introducing Apple Bagdat Caddesi, our beautiful new store in Istanbul. We're glad to be a part of this vibrant community and we can't wait to welcome customers to this spectacular new space." Musk replied to the tweet stating "Come see the Apple Cloth TM", adding much to the joy of...
Musk trolls Cook over Apple's $19 cleaning cloth
As Apple CEO Tim Cook asks employees to return to office three days a week starting early September, an internal employee survey has revealed that respondents want the option to work from home and flexible options are important. Nearly 90 percent of respondents said they "strongly agree" with the statement "location-flexible working options are a very important issue to me," reports The Verge. Employees defined "location-flexible" as the option to work from...
Apple workers have concern about hybrid work model: Report
Apple CEO Tim Cook's compensation for heading the most valuable company in the US is relatively modest, as he is placed at the 171st position in rankings of S&P 500 CEO earnings. Apple is at the top of the Standard & Poor's 500 rankings in terms of market capitalisation but Cook's direct pay from the company is far lower than many others in the list, AppleInsider, citing WSJ, reported on Tuesday. Cook trails far behind Paycom CEO Chad R. Richison, who topped the list...
Tim Cook ranks 171/500 in CEO pay ranking: Report
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