According to regulatory documents filed by the company, at $137 million Apple’s India unit registered a 140 percent jump in its net profit for the fiscal ended March 2018. For the previous year, Apple India had registered a net profit of $50 million. During the company’s earnings call in July,...
Qualcomm to Set Up Campus in India
Semiconductors and telecom major Qualcomm will invest $400 million to set up its largest facility outside its headquarters at San Diego, CA., at Hyderabad in India's southern state of Telangana. Phase-1 of the project will include a built-up space of 1.7 million square feet to house 10,000 employees. Qualcomm already...
Is China Losing Ground to India in Manufacturing?
In an article written in Chinese by Wang Xinxi and published by Sina Tech, the author shares reasons why India is starting to threaten China's dominance in some parts of the manufacturing sector. In the mobile phone manufacturing business, global players such as Samsung, Apple, Foxconn, have invested in India-based...
iPhone Assembler to Expand Operations in India
With Apple's earnings in India doubling year-on-year, Taiwanese manufacturer Wistron, primary iPhone assembler in India, is scouting for 100 acres of land in Bangalore to expand its facilities. Though Apple is currently a minor player in India, its potential is huge. CEO Tim Cook said on the earnings call in early...
iPhone X Scores Big in India
This is the first time that Apple's global launch of a new iPhone included a concurrent launch in India. From taking a horse carriage procession (or baraat that's seen at Indian weddings) to purchase the new iPhone X to waiting hours in line before retail stores can open, Apple’s most...
Regional Languages Drive India's Smartphone Sales Further
With nearly as many smartphone users as the U.S. has people, India is already one of the world's hottest mobile markets, with America's Apple, Korea's Samsung, China's Oppo, Vivo and Xiaomi jostling for market share with Indian brands such as Micromax. India's 300 million smartphone users could grow by more than...