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,...
OnePlus to Set Up R&D Center, HQ in India
Shenzhen, China-headquartered smartphone manufacturer OnePlus is set to establish an R&D center in India this year, as well as establish its global hub (outside China) in the country. The second global headquarters in India will help the company "decentralize the operations." The Chinese company first entered the Indian market in...
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...
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...