During Apple’s quarterly earnings call, CEO Tim Cook said, "During fiscal 2021, we earned nearly one-third of our revenue from emerging markets and doubled our business in India and Vietnam. We are optimistic about the future, especially as we see strong demand for our new products." According to the latest...
Foxconn to Assemble High-End iPhones in India
Apple Inc will assemble its top-end iPhones such as the iPhone X family -- in India at the Chennai unit of Taiwan-based Foxconn from early 2019. Currently, Wistron, another Taiwanese company, makes the lower end Apple models such as iPhone 6S and SE in Bangalore. Foxconn, which also makes phones...
Apple to Open Stores Across India
Apple Inc., plans to open new retail locations in New Delhi, Bangalore, and Mumbai, and over time, the company will continue its expansion within India. The company is working on year-round deals to reduce prices; cutting supplies to retailers who fail to hit sales targets; encouraging iPhone recommendations; training retail...
Apple Looks to Expand in India
India has offered to allow Apple Inc., to import mobile handset components intended for use in local manufacturing tax free; but these concessions will be subject to the condition of increasing local value addition over a period of time. Aruna Sundararajan, Secretary at the Ministry of Electronics and IT told...
Some iPhones May Soon Be "Made in India"
Apple CEO Tim Cook said on an earnings call in the first week of February that India is “the place to be.” And Priyank Kharge, the minister for Information Technology for the state of Karnataka, India, said that Cupertino-based Apple Inc., will at first, begin assembling iPhones in India by...
Apple Acquires Hyderabad Machine Learning Startup
Apple acquired Tuplejump, a Hyderabad-based machine learning startup that helps companies to store, process and visualize big data with its unique software. Tuplejump was founded in 2013 by Rohit Rai, Satyaprakash Buddhavarapu and Deepak Alur. Known in the trade as an acqui-hire, most of Tuplejump's 16 employees will join Apple....