Fast-fashion giant Shein - the Singaporean online fashion retailer - is ramping up manufacturing in India, reflecting a strategy move as companies reassess supply chains amid ongoing trade tensions and logistical challenges. The shift is part of a broader trend, as industries from consumer tech to aerospace increasingly look beyond...
Apple Expands Retail Footprint in India
Apple is significantly expanding its retail presence across India with four new stores planned in key metropolitan areas. The Noida and Pune locations have already been confirmed, while Bangalore and Mumbai stores are in development. These new locations will complement Apple's existing stores and will strengthen the company's footprint in...
Apple To Move Most iPhone Assembly to India
Apple aims to import most U.S.-sold iPhones from India by the end of 2026, planning to double its annual Indian iPhone production to over 80 million units. For context, Apple assembled about 40 million iPhones in India in FY2025 and sells approximately 60 million iPhones annually in the U.S. This...
Apple Partners with India’s Airtel to Offer Streaming
Apple will partner with Bharti Airtel, India's second-largest telecom operator, to offer Apple TV+ and Apple Music for free to Airtel's premium customers. This strategic move gives Apple access to a vast pool of potential users in the world's most populous country, where it currently has a small presence in...
Apple Sets New Revenue Record in India
Apple announced its fiscal 2024 third-quarter results, ending June 29, reporting a quarterly revenue of $85.8 billion, a 5% year-over-year increase. CEO Tim Cook highlighted that the company achieved new revenue records in over two dozen countries, including India, Canada, Mexico, France, Germany, the UK, Indonesia, the Philippines, and Thailand....
India Cuts Import Duty on Mobile Phones
India has announced a reduction in import duty on mobile phones and key components from 20% to 15%, a move that will benefit smartphone manufacturers. This decision, presented by Finance Minister Nirmala Sitharaman in the Fiscal 2025 annual budget, aims to serve consumer interests by lowering taxes on mobile phones,...