News

Apple India posts 23 pc profit growth in FY24 amid iPhone demand surge  Buoyed by rising demand for its iPhones among aspirational youth and surge in exports, Apple clocked a 36 per cent increase in its operating revenue in India, surpassing Rs 66,700 crore (about $8 billion) in FY24. The tech giant also posted Rs 2,746 crore ($330 million) in profit last fiscal.  Apple India’s profit increased by 23 per cent in FY24 against Rs 2,229.6 crore ($268 million) in FY23. Apple India’s revenue from operations grew to Rs 66,727 crore in FY24 ...
Apple India posts 23 pc profit growth in FY24 amid iPhone demand surge
Apple India posts 23 pc profit growth in FY24 amid iPhone demand surge
Source: IANS
2024-11-21 02:38:52 pm
Exclusive-Foxconn tells India recruiters: Nix marital status in iPhone job ads Apple supplier Foxconn has ordered the hiring agents that help recruit iPhone assembly workers in India to remove age, gender and marital criteria as well as the manufacturer's name in job advertisements, according to three people familiar with the matter and almost a dozen ads reviewed by Reuters. The moves follow a Reuters investigation published June 25, which found that Foxconn excluded married women from jobs at its main India iPhone assembly plant, though it relaxed the practice ...
Exclusive-Foxconn tells India recruiters: Nix marital status in iPhone job ads
Exclusive-Foxconn tells India recruiters: Nix marital status in iPhone job ads
Source: Reuters
2024-11-18 10:21:37 am
Tata seals deal with Pegatron for iPhone plant in India`s Tamil Nadu, sources say India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support, said the two sources, who declined to be named as the deta...
Tata seals deal with Pegatron for iPhone plant in India`s Tamil Nadu, sources say
Tata seals deal with Pegatron for iPhone plant in India`s Tamil Nadu, sources say
Source: Reuters
2024-11-18 09:27:05 am
Tata seals deal with Pegatron for iPhone plant in India`s Tamil Nadu, sources say India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support, said the two sources, who declined to be named as the deta...
Tata seals deal with Pegatron for iPhone plant in India`s Tamil Nadu, sources say
Tata seals deal with Pegatron for iPhone plant in India`s Tamil Nadu, sources say
Source: Reuters
2024-11-17 01:54:22 pm
Apple iPhone exports from India hit record Rs 60,000 crore in April-Oct In a new record, Apple has reached almost Rs 60,000 crore in iPhone exports from India in the first seven months during the current fiscal (FY25).  In the April-October period, the Cupertino-based tech giant exported iPhones worth almost Rs 60,000 crore (over $7 billion), at almost Rs 8,450 crore (nearly $1 billion) worth export each month in the ongoing financial year, according to industry data. This time, the company is exporting newly-launched iPhone 16 models from India, apart...
Apple iPhone exports from India hit record Rs 60,000 crore in April-Oct
Apple iPhone exports from India hit record Rs 60,000 crore in April-Oct
Source: IANS
2024-11-14 11:06:08 am
India`s smartphone market to exit 2024 with single-digit annual growth India's smartphone market is expected to exit 2024 with a low single-digit annual growth, as Apple posted its largest-ever quarterly shipment in India with 4 million units in the third quarter (Q3), according to a new report.  In the July-September period (Q3), smartphone shipments in India reached 46 million units, reflecting 5.6 per cent growth YoY (year-over-year). Upasana Joshi, Senior Research Manager, Devices Research, IDC Asia Pacific, said that growth in the biggest qua...
India`s smartphone market to exit 2024 with single-digit annual growth
India`s smartphone market to exit 2024 with single-digit annual growth
Source: IANS
2024-11-14 10:46:19 am
Apple plans 1st-ever research subsidiary in India amid diversification push Firming up its India presence as Apple diversifies its vast supply chain and research outside of China, the iPhone maker has set up a new research and development subsidiary in the country.  The research and development facility would reportedly focus on research, design, testing and providing support to third-party manufacturers. The move to establish a R&D facility in India is significant as this will help the tech giant connect better with the local manufacturing ecosyst...
Apple plans 1st-ever research subsidiary in India amid diversification push
Apple plans 1st-ever research subsidiary in India amid diversification push
Source: IANS
2024-11-09 11:43:09 am
Apple iPhone 15 becomes best-selling smartphone globally in Q3 2024 Apple iPhone 15 has become the best-selling smartphone globally in the third quarter (Q3) this year, followed closely by iPhone 15 Pro Max and iPhone 15 Pro, according to a report on Thursday.  Samsung maintained the biggest presence in the global top-10 best-selling smartphones list with five spots, followed by Apple with four and Xiaomi with one, according to Counterpoint Research’s Global Handset Model Sales Tracker. While Apple’s share of the top-10 list has decline...
Apple iPhone 15 becomes best-selling smartphone globally in Q3 2024
Apple iPhone 15 becomes best-selling smartphone globally in Q3 2024
Source: IANS
2024-11-07 03:49:12 pm
Apple releases iOS 18.2 public beta with AI emoji app, ChatGPT-Siri integration Apple has released iOS and iPadOS 18.2 software updates into public beta that include new features like an AI emoji generator app, ChatGPT integration with Siri and visual search using iPhone 16 cameras.  The new Apple Intelligence features, that were earlier available to developers, are now in public beta, like Genmoji and the Image Playground feature that generates pictures. ChatGPT access is free and doesn’t require an account to use it. Now, public beta users can ask Siri...
Apple releases iOS 18.2 public beta with AI emoji app, ChatGPT-Siri integration
Apple releases iOS 18.2 public beta with AI emoji app, ChatGPT-Siri integration
Source: IANS
2024-11-07 10:14:27 am
$1.5 billion Apple-Globalstar deal to transform direct to device satellite game The $1.5 billion Apple-Globalstar deal packs a competitive punch for virtually all corners of the connectivity market ecosystem, from carriers to original equipment manufacturers (OEMs), according to a report on Wednesday.  Apple plans to invest $1.1 billion in satellite communications company Globalstar, alongside a further $400 million for a 20 per cent equity stake in the business. According to Emma Mohr-McClune, Chief Analyst, Technology at GlobalData, this is arguably the larg...
$1.5 billion Apple-Globalstar deal to transform direct to device satellite game
$1.5 billion Apple-Globalstar deal to transform direct to device satellite game
Source: IANS
2024-11-06 12:23:27 pm
Watch US election results live from lock screen on Apple iPhone, iPad As Americans began to cast their ballots to elect their next president, Apple News will bring live updates to iPhone and iPad users’ lock screens.  Starting late on Tuesday (US time), users will be able to have a Live Activity from Apple News that tracks the results of the election, reports Apple Insider. “The Lock Screen will have a large, interactive widget that will launch to the latest election coverage, and the Dynamic Island will show the electoral count for each ...
Watch US election results live from lock screen on Apple iPhone, iPad
Watch US election results live from lock screen on Apple iPhone, iPad
Source: IANS
2024-11-06 12:01:47 pm
Tim Cook, Sundar Pichai extend Diwali greetings Global tech leaders Tim Cook and Sundar Pichai on Friday extended their wishes for Diwali, the festival of lights.  Apple CEO shared a post along with a picture clicked by Delhi-based photographer Rohit Vohra. “Diwali is a time of light, unity, and hope. Wishing everyone celebrating a joyous and peaceful Festival of Lights!,” Cook wrote on X. Cook shared a photo by Vohra, clicked on the new iPhone 16 Pro Max, which shows earthen lamps placed on a bed of rose petals. ...
Tim Cook, Sundar Pichai extend Diwali greetings
Tim Cook, Sundar Pichai extend Diwali greetings
Source: IANS
2024-11-01 12:48:26 pm
Global iPhone sales up 6 pc at $46.2 bn, Apple services revenue at all-time high Global iPhone revenues set a record of $46.2 billion in the September quarter, up 6 per cent from a year-ago period with growth in every geographic segment, according to Apple.  “With the introduction of Apple Intelligence, we're beginning a new era for iPhone. iPhone 16 powered by 18 is equipped with an incredible new 48-megapixel Fusion camera, fantastic photo experiences, and the addition of the action button and camera control,” said the company CEO Tim Cook while ...
Global iPhone sales up 6 pc at $46.2 bn, Apple services revenue at all-time high
Global iPhone sales up 6 pc at $46.2 bn, Apple services revenue at all-time high
Source: IANS
2024-11-01 12:45:07 pm
Apple sets all-time revenue record in India, to open 4 new retail stores: Tim Cook Apple, which clocked an all-time revenue record in India in the September quarter, is set to open four more own-branded retail stores in India, the tech giant’s CEO Tim Cook has said.  Apple reported revenue of $94.9 billion in the July-September period, a September quarter record and up 6 per cent from a year ago. iPhone grew in every geographic segment, marking a new September quarter revenue record for the category, and services set an all-time revenue record, up 12 per ce...
Apple sets all-time revenue record in India, to open 4 new retail stores: Tim Cook
Apple sets all-time revenue record in India, to open 4 new retail stores: Tim Cook
Source: IANS
2024-11-01 10:15:38 am
US smartphone market`s sell-in down 4 pc in Q3 The US smartphone market’s sell-in decreased 4 per cent (on-year) in Q3, driven mainly by Apple and Samsung weakness, a report showed on Thursday.  Apple’s shipments were down primarily due to lower demand resulting from continued low upgrade rates as reported by the three major US carriers in Q3 2024, according to Counterpoint Research’s latest US Market Monitor Quarterly Smartphone Tracker. Research Director Jeff Fieldhack said that Apple sell-in was muted in Q3...
US smartphone market`s sell-in down 4 pc in Q3
US smartphone market`s sell-in down 4 pc in Q3
Source: IANS
2024-10-31 04:38:21 pm
India`s smartphone shipments up 3 pc in July-Sep, Samsung leads by value India’s smartphone volume grew by 3 per cent (year-on-year) in the third quarter (Q3 2024) this year, as Samsung led the market in terms of value with a 23 per cent share, closely followed by Apple with a 22 per cent share, according to a report on Wednesday.  The value of Indian smartphone market surged by an impressive 12 per cent (on-year) to reach an all-time record for a single quarter, according to the latest research from Counterpoint’s Monthly India Smartphone Trac...
India`s smartphone shipments up 3 pc in July-Sep, Samsung leads by value
India`s smartphone shipments up 3 pc in July-Sep, Samsung leads by value
Source: IANS
2024-10-30 10:27:37 am
Billionaire Mukesh Ambani`s Reliance plays catch-up to ride India quick commerce wave Asia's richest man Mukesh Ambani is mimicking the strategy of popular Indian grocery startups to drastically change how his retail empire operates: from home deliveries that can take a day or two, his business is now targeting a 10-30 minute service. Quick commerce has reshaped how Indians shop as Zomato, SoftBank-backed Swiggy and Zepto now promise deliveries from their neighbourhood warehouses within 10 minutes, even beating Amazon. These multi-billion-dollar quick commerce businesse...
Billionaire Mukesh Ambani`s Reliance plays catch-up to ride India quick commerce wave
Billionaire Mukesh Ambani`s Reliance plays catch-up to ride India quick commerce wave
Source: Reuters
2024-10-30 09:15:29 am
Apple continues to drive India`s mobile manufacturing growth story As India continues to break all previous records on local mobile manufacturing, tech giant Apple is on course to surpass the FY24 figures of exports from India, reaching over Rs 50,000 crore (more than $6 billion) in the first six months this fiscal (FY25), according to latest industry data.  The iPhone exports from India surged to cross $10 billion in 2023-24 from $6.27 billion in 2022-23. Overall, the iPhone maker’s India operations reached $23.5 billion in value in the last f...
Apple continues to drive India`s mobile manufacturing growth story
Apple continues to drive India`s mobile manufacturing growth story
Source: IANS
2024-10-29 03:53:55 pm
Apple Intelligence to support English (India) language with April software update Apple Intelligence is quickly adding support for more languages and in April next year, English (India) will be supported along with several others, the company has announced.  The tech giant has announced the first set of Apple Intelligence features for iPhone, iPad, and Mac users is now available through a free software update with the release of iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1. Apple Intelligence is the personal intelligence system that harnesses the power of Apple...
Apple Intelligence to support English (India) language with April software update
Apple Intelligence to support English (India) language with April software update
Source: IANS
2024-10-29 10:08:40 am
India needs to create 100 million jobs towards ‘Viksit Bharat’ goal: Natarajan Chandrasekaran As Indian embarks on the journey to become a developed nation, the country needs to create 100 million jobs to meet the employment needs of the growing workforce, Tata Sons Chairman, N Chandrasekaran, has stressed.  The Tata Group has also doubled down on creating more manufacturing jobs in the country, as the whole ecosystem is brimming with multiple opportunities for the Indian companies, especially 500,000 small and medium enterprises (SMEs). According to Chandrasekaran, as the ...
India needs to create 100 million jobs towards ‘Viksit Bharat’ goal: Natarajan Chandrasekaran
India needs to create 100 million jobs towards ‘Viksit Bharat’ goal: Natarajan Chandrasekaran
Source: IANS
2024-10-16 10:35:08 am
Global smartphone market grows 2 pc, iPhone 16 makes Apple biggest brand in September Global smartphone market grew 2 per cent in the July-September period – the first year-on-year growth in a third quarter since Q3 2018 -- as Apple became the biggest brand in September helped by early launch of iPhone 16, according to a new report on Tuesday.  This was the global smartphone market’s fourth consecutive quarter of growth, a testament to the ongoing market recovery, according to Counterpoint Research’s Smartphone 360 Tracker. Apple’s sales grew...
Global smartphone market grows 2 pc, iPhone 16 makes Apple biggest brand in September
Global smartphone market grows 2 pc, iPhone 16 makes Apple biggest brand in September
Source: IANS
2024-10-16 09:34:27 am
Apple to launch more retail stores in India as it manufactures all iPhone 16 models in country Driven by the positive response to its Mumbai and Delhi retail stores, Apple on Friday said it is geared up to launch more exclusive, own-branded stores in the country where the iPhone maker is witnessing a surge in domestic sales as well as export figures.  New Apple retail stores will come in Bengaluru, Pune, Delhi-NCR and Mumbai. However, no timeline has been set so far. According to Deirdre O’Brien, Apple’s senior vice president of Retail, the company is thrilled &q...
Apple to launch more retail stores in India as it manufactures all iPhone 16 models in country
Apple to launch more retail stores in India as it manufactures all iPhone 16 models in country
Source: IANS
2024-10-04 10:07:10 am
Pre-orders for `made in India` iPhone 16 surges, set to break export records Apple has seen a surge in pre-orders for its ‘Make in India’ iPhone 16 in the country, as the company gears up to make its latest iPhone line-up available on September 20, trade analysts said on Thursday, adding that the new devices are set to break previous export records.  The ongoing channel checks suggest that iPhone 16 Pro models are also witnessing a strong traction from buyers, owing to its more strategic and accessible pricing, in comparison to the 15 series. Th...
Pre-orders for `made in India` iPhone 16 surges, set to break export records
Pre-orders for `made in India` iPhone 16 surges, set to break export records
Source: IANS
2024-09-19 12:17:56 pm
Apple reaches $5 billion in iPhone exports from India in April-August period Driven by the production-linked incentive (PLI) scheme, Apple has reached around $5 billion in iPhone exports from India in the April-August period this fiscal.  According to industry data, this is a growth of over 50 per cent from the same period of first five months in FY24. With the country set to commence production of the flagship iPhone Pro and Pro Max models, the value of iPhone exports is going to jump further in the festive quarter and months ahead, according to the indust...
Apple reaches $5 billion in iPhone exports from India in April-August period
Apple reaches $5 billion in iPhone exports from India in April-August period
Source: IANS
2024-09-11 11:45:49 am
iPhone production in India to reach 25 pc of global shipments by 2025 Buoyed by the ‘Make in India’ initiative and the production-linked incentive (PLI) scheme, iPhone production in India has gone up from less than 1 per cent in 2017 to 10 per cent in 2023 and plans are to scale it up to 25 per cent of global shipments by 2025, according to global investment firm Jefferies.  With the introduction of the mobile PLI scheme, alongside with global supply chain diversification, are driving the surge in Apple’s local manufacturing in India, ...
iPhone production in India to reach 25 pc of global shipments by 2025
iPhone production in India to reach 25 pc of global shipments by 2025
Source: IANS
2024-09-09 05:08:08 pm
Apple`s global revenues to cross $400 billion for 1st time this year Driven by growth in both hardware and services segments, Apple’s global revenues are expected to cross the $400-billion mark for the first time in 2024, a report said on Wednesday.  After a decline in 2023, Apple’s hardware revenues are expected to grow 3 per cent (year-on-year) in 2024, according to Counterpoint Research. All the key hardware segments – iPhone, iPad, Mac, Watch, AirPods – are likely to drive this growth supported by new launches. AirPods co...
Apple`s global revenues to cross $400 billion for 1st time this year
Apple`s global revenues to cross $400 billion for 1st time this year
Source: IANS
2024-08-28 11:15:38 am
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India Riding on robust local production as iPhone manufacturing plants in India continue to create new export records each month, Apple is all set to create 5-6 lakh jobs (direct and indirect) in the coming 1-2 years.  As iPhone exports continue to clock around $1 billion each month thanks to the government’s production-linked incentive (PLI) scheme, the tech giant employs about 2 lakh people, dominated by women employees, across its supply chain that includes vendors and component su...
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India
Source: IANS
2024-08-27 11:00:31 am
It`s Glowtime: Apple to launch iPhone 16 series on September 9  Tech giant Apple on Monday announced a special event on September 9, where it is set to launch the new line-up of iPhones along with other gadgets and software services.  The company's launch tagline this year is ‘It’s Glowtime”, and the event will broadcast from Apple Park in Cupertino, California, in the US. As per reports, the iPhone 16 lineup will be Apple’s flagship rival to the new Pixel 9 series and Samsung Galaxy Z Fold devices. Apple Intel...
It`s Glowtime: Apple to launch iPhone 16 series on September 9
It`s Glowtime: Apple to launch iPhone 16 series on September 9
Source: IANS
2024-08-27 09:49:54 am
Foxconn invests Rs 1,200 cr in Karnataka-based subsidiary in big manufacturing push In a boost to local electronics manufacturing, Foxconn has pumped in nearly $144 million (Rs 1,200 crore) into its Karnataka-based subsidiary, according to the company’s regulatory filing.  The key iPhone contract manufacturer has infused the money in Foxconn Hon Hai Technology India Mega Development Pvt Ltd, via its Singapore-based arm Foxconn Singapore Pte, which bought over 120.35 crore shares at Rs 10 per share, according to the filing. With this, Foxconn Singapore's ...
Foxconn invests Rs 1,200 cr in Karnataka-based subsidiary in big manufacturing push
Foxconn invests Rs 1,200 cr in Karnataka-based subsidiary in big manufacturing push
Source: IANS
2024-08-23 06:11:59 pm
India mobile phone exports reach $6.5 billion in April-July, iPhones lead Led by iPhones, exports of mobile phones from India reached $6.5 billion in the April-July period (Q1 FY25) – an almost 40 per cent surge from the same period last fiscal (FY23), industry data showed on Thursday.  iPhone exports surpassed $1 billion in the month of July – almost similar month-on-month performance as seen in the first quarter of FY25 -- led by the production-linked incentive (PLI) scheme. Currently, iPhone exports constitute about 70 per cent of the tota...
India mobile phone exports reach $6.5 billion in April-July, iPhones lead
India mobile phone exports reach $6.5 billion in April-July, iPhones lead
Source: IANS
2024-08-22 03:01:59 pm
Tata Group gears up for new iPhone assembly plant as Apple expands India footprint In a further boost to the ‘Make in India’ initiative, business conglomerate Tata Group is geared up for a new iPhone assembly plant in the country that is likely to become operational in the festive quarter of 2024.  The iPhone unit by Tata is being built in Hosur, Tamil Nadu. The iPhone facility is expected to employ over 50,000 workers, mostly women. The 250-acre Hosur plant will manufacture iPhones using components from a unit that Tata set up a couple of years ago. ...
Tata Group gears up for new iPhone assembly plant as Apple expands India footprint
Tata Group gears up for new iPhone assembly plant as Apple expands India footprint
Source: IANS
2024-08-20 02:34:41 pm
Foxconn’s investments to help India become global manufacturing hub: Ashwini Vaishnaw The investment plans by Hon Hai Technology Group (known as Foxconn) will help India become a global manufacturing hub, Union Minister for Railways, Electronics and IT and I&B, Ashwini Vaishnaw, said on Friday.  The Minister met Young Liu, Chief Executive Officer and Chairman of Foxconn, in the national capital. In a post on social media platform X, Minister Vaishnaw said: “As we strive to make Bharat a global manufacturing hub, thanks to Foxconn’s Chairman Young Liu...
Foxconn’s investments to help India become global manufacturing hub: Ashwini Vaishnaw
Foxconn’s investments to help India become global manufacturing hub: Ashwini Vaishnaw
Source: IANS
2024-08-16 11:14:14 am
India`s PM Narendra Modi meets Foxconn chief amid government probe into hiring practices Indian Prime Minister Narendra Modi met Foxconn Chairman Young Liu to discuss the latter's investment plans on Wednesday, weeks after New Delhi started investigating possible discriminatory hiring practices at a Foxconn plant following a Reuters report. Modi "highlighted the wonderful opportunities India offers in futuristic sectors" to Liu at the meeting, he said in a post on X that included photos of the pair.  "We also had excellent discussions on their invest...
India`s PM Narendra Modi meets Foxconn chief amid government probe into hiring practices
India`s PM Narendra Modi meets Foxconn chief amid government probe into hiring practices
Source: Reuters
2024-08-15 10:31:32 am
Apple allows in-app NFC transactions for developers with `associated fees` Tech giant Apple on Wednesday said developers will soon be able to offer near-field communication (NFC) contactless transactions using the secure element from within their own apps on iPhone, separate from Apple Pay and Apple Wallet.  Developers will be able to offer in-app contactless transactions for in-store payments, car keys, closed-loop transit, corporate badges, student IDs, home keys, hotel keys, merchant loyalty and rewards cards, and event tickets, with government IDs to be ...
Apple allows in-app NFC transactions for developers with `associated fees`
Apple allows in-app NFC transactions for developers with `associated fees`
Source: IANS
2024-08-15 10:13:07 am
PM Narendra Modi meets Foxconn Chairman, discusses investments in `futuristic sectors`  Prime Minister Narendra Modi on Wednesday met Young Liu, Chief Executive Officer and Chairman of Hon Hai Technology Group (known as Foxconn) and discussed several opportunities in “futuristic sectors” like artificial intelligence (AI), semiconductors, local electronics manufacturing and more.  A key Apple supplier, Taiwanese technology giant Foxconn leads the total iPhone exports from the country, at about 65 per cent, from its factory in the country. “Wonde...
PM Narendra Modi meets Foxconn Chairman, discusses investments in `futuristic sectors`
PM Narendra Modi meets Foxconn Chairman, discusses investments in `futuristic sectors`
Source: IANS
2024-08-14 06:10:39 pm
`Make in Bharat for the World` has become a reality: Ashwini Vaishnaw Union Minister for Railways, Electronics and IT and I&B, Ashwini Vaishnaw, on Tuesday said the aim of the production-linked incentive (PLI) scheme is to build scale in domestic manufacturing, as tech giant Apple exceeded its export targets in the first four months of the current fiscal.  The company exported 85 per cent of the freight-on-board production value of its iPhones, worth more than Rs 40,000 crore, in the April-July period. “Make in Bharat for the World has beco...
`Make in Bharat for the World` has become a reality: Ashwini Vaishnaw
`Make in Bharat for the World` has become a reality: Ashwini Vaishnaw
Source: IANS
2024-08-14 09:08:18 am
PM Narendra Modi releases Big Bang Numbers on Indian economy Prime Minister Narendra Modi on Tuesday released the Big Bang Numbers on the Indian economy as part of his Bi-Weekly Bharat newsletter for the fortnight of July 15-31 on the Namo app. The newsletter highlighted that India’s market cap has hit a record $5.5 trillion while the construction of the world’s highest tunnel was launched by the Prime Minister at Shinkun La on the state boundary between Ladakh and Himachal Pradesh. Some highlights also include: *Indian MSMEs creat...
PM Narendra Modi releases Big Bang Numbers on Indian economy
PM Narendra Modi releases Big Bang Numbers on Indian economy
Source: IANS
2024-08-07 09:42:57 am
India`s prowess in electronics powered by innovative youth: PM Narendra Modi Prime Minister Narendra Modi on Monday said India’s prowess in electronics is powered by innovative youth, as the electronics exports, driven by Apple iPhones, reached the third spot in the top 10 exports in the April-June quarter (Q1 FY25).  According to data by the Department of Commerce, electronics exports are now in the third position, with engineering products at the top, followed by petroleum. “This is indeed a matter of immense joy. India’s prowess in elec...
India`s prowess in electronics powered by innovative youth: PM Narendra Modi
India`s prowess in electronics powered by innovative youth: PM Narendra Modi
Source: IANS
2024-08-05 03:05:09 pm
Apple's iPhone market share to reach 7 pc in India this year: Experts Buoyed by the friendly production-linked incentive (PLI) scheme of the government, Apple's iPhone market in the country is all set to reach 7 per cent by the end of this year, and the company is projected to surpass $9 billion in revenue this year, industry data showed on Friday.  The Cupertino-based tech giant clocked nearly $8 billion revenue in India in the last fiscal year (FY24). The company achieved record export numbers around $3.8 billion in the April-June period (Q2 FY...
Apple's iPhone market share to reach 7 pc in India this year: Experts
Apple's iPhone market share to reach 7 pc in India this year: Experts
Source: IANS
2024-08-02 04:34:17 pm
Global smartphone market up 8 pc, average selling price reaches highest level Global smartphone shipments grew 8 per cent (year-on-year) in the second quarter of 2024, as Samsung retained the top position globally, accounting for 19 per cent share, a report said on Friday.  Global smartphone revenues also went up 8 per cent YoY, while the average selling price (ASP) reached the highest level for a second quarter, according to Counterpoint Research. This marks the third-consecutive quarter posting growth for the global smartphone market. “Europe and ...
Global smartphone market up 8 pc, average selling price reaches highest level
Global smartphone market up 8 pc, average selling price reaches highest level
Source: IANS
2024-08-02 12:04:49 pm
Apple set to manufacture high-end iPhone 16 Pro models in India, to arrive soon after global launch In a fillip to the country’s local manufacturing success story, tech giant Apple is set to make its ‘Make in India’ iPhone 16 Pro and 16 Pro Max models available in the country right after the global launch this fall, industry sources said on Friday.  Sources told IANS that these high-end, India-assembled Apple devices will be available within 1-2 months of the global launch in partnership with leading manufacturer Foxconn’s facility in Sriperumbudur, Tamil Nad...
Apple set to manufacture high-end iPhone 16 Pro models in India, to arrive soon after global launch
Apple set to manufacture high-end iPhone 16 Pro models in India, to arrive soon after global launch
Source: IANS
2024-07-26 05:18:58 pm
iPhone exports from India touch new all-time high in April-June quarter In yet another success story of India’s local manufacturing push, iPhone maker Apple has achieved record exports numbers in the April-June quarter in the country, reaching around $3.8 billion.   Riding on the government’s production-linked incentive (PLI) scheme, Apple reached a new all-time high in the Q1 FY25, according to industry data, as manufacturers continue to look at the ‘China + 1 business strategy’ to avoid investing only in the neighbouring country ...
iPhone exports from India touch new all-time high in April-June quarter
iPhone exports from India touch new all-time high in April-June quarter
Source: IANS
2024-07-26 01:48:27 pm
Apple`s India sales jump 33% to near $8 billion last year, Bloomberg News reports Apple's India sales jumped 33% to a record of almost $8 billion in the year through March, Bloomberg News reported on Monday, citing a person familiar with the matter. Apple's iPhones accounted for more than half of the sales, the report said. The company did not immediately respond to a Reuters request for comment. In April, Bloomberg News reported that Apple has assembled $14 billion worth of iPhones in India last fiscal year, and makes as much as 14% of its marquee devices...
Apple`s India sales jump 33% to near $8 billion last year, Bloomberg News reports
Apple`s India sales jump 33% to near $8 billion last year, Bloomberg News reports
Source: Reuters
2024-07-15 02:12:31 pm
Apple Macs continue to grow amid workforce transformation growth in India Apple Macs continue to benefit from strong workforce transformation growth tailwinds in India, industry experts said on Monday, as the tech giant launched its latest campaign for Mac devices in the country.  Titled “Work is worth it”, the Mac campaign underscores the belief that sincere effort, no matter how big or small, never goes unrewarded. “The increasing demand for high-performance computing solutions within a young and mobile workforce environment perfectly...
Apple Macs continue to grow amid workforce transformation growth in India
Apple Macs continue to grow amid workforce transformation growth in India
Source: IANS
2024-06-17 04:15:55 pm
Apple exports iPhones worth over Rs 16,500 crore from India in April-May  Buoyed by the production-linked incentive (PLI) scheme of the Prime Minister Narendra Modi-led government, Apple has managed to export iPhones worth more than Rs 16,500 crore (nearly $2 billion) in the first two months of the ongoing financial year (FY25), shows industry data.  According to the data, this accounts for more than 80 per cent of the country's total production/assembly of iPhones. The key Apple suppliers (including Foxconn which leads the total exports at abo...
Apple exports iPhones worth over Rs 16,500 crore from India in April-May
Apple exports iPhones worth over Rs 16,500 crore from India in April-May
Source: IANS
2024-06-12 11:14:10 am
`Apple Intelligence`, ChatGPT on iPhone & more: Tim Cook heralds AI era Joining the AI bandwagon in a big way, Apple on Monday announced a new suite of AI features (including ChatGPT integration) that will customise personal experiences for millions of its users with the arrival of iOS 18 and other software updates later this year.  Called ‘Apple Intelligence,’ the AI features will manage notifications, automatically write things or summarise text in mail and other apps. The tech major said the AI features will be stored in “Private C...
`Apple Intelligence`, ChatGPT on iPhone & more: Tim Cook heralds AI era
`Apple Intelligence`, ChatGPT on iPhone & more: Tim Cook heralds AI era
Source: IANS
2024-06-11 10:28:04 am
Apple earned over $1.95 trillion from iPhone sales so far Despite the apparent decline in the first three months of the year, iPhone lifetime sales still rose to shocking highs as the tech giant Apple grossed over $1.95 trillion from iPhone sales so far, a new report said on Wednesday.   In the first quarter (Q1) of 2024, Apple shipped 50.1 million of its smartphones, five million less than in the same period a year ago, while iPhone sales revenue fell by almost 10 per cent to $45.9 billion, according to data presented by Stocklytics.com. ...
Apple earned over $1.95 trillion from iPhone sales so far
Apple earned over $1.95 trillion from iPhone sales so far
Source: IANS
2024-06-06 09:56:08 am
Emerging markets to push growth of 5G smartphones amid saturation in developed markets The share of 5G smartphones will increase exponentially in the years to come, registering another year of double-digit growth in 2025 (more than 13.2 per cent), a report has shown.  The 16 per cent growth in 5G smartphones in 2024 is set to be followed by next year too as global 5G market share will climb to 74.4 per cent, up from 67.2 per cent this year, according to an IDC report. 5G-powered smartphones continue to fuel the market as these devices will display nearly 16 per cent ...
Emerging markets to push growth of 5G smartphones amid saturation in developed markets
Emerging markets to push growth of 5G smartphones amid saturation in developed markets
Source: IANS
2024-05-31 02:44:04 pm