Apple rings in 35% growth in India sales to clock Rs 67,000 crore

Apple Inc is poised to report a 35 per cent year-on-year surge in its India revenue at nearly Rs 67,000 crore (a little over $8 billion) for 2023-24, according to people in the know. The official financial filing is anticipated to be submitted by September-October to the Registrar of Companies (RoC) by the Cupertino-based tech … Read more

After JioPhone, Reliance launches cheaper JioBharat phones

In 2020, Jio had partnered with Google to develop an ultra-affordable Android-based smartphone to address the mass Indian market that couldn’t shift to smartphone ecosystem due to the unaffordability. The result JioPhone next that was finally launched last year albeit at a higher price then what was planned initially. Result – muted response and hence … Read more

Apple: Tatas get a bite of Apple, start manufacturing iPhone in Bengaluru

In an ambitious manufacturing move in India, the Tata Group has started making the Apple iPhone within the country as it seeks to acquire the Narasapura factory, outside Bengaluru, of Taiwanese giant Wistron, multiple sources have told TOI. The move comes within weeks of Apple CEO Tim Cook having a detailed meeting with Tata Sons … Read more

Apple partner Foxconn buys land in Bengaluru to expand production in India

In a bid to diversify production away from China, Apple partner and Taiwanese multinational electronics contract manufacturer Foxconn on Monday acquired 1.2 million square metre or 13 million square foot land in the Devanahalli area near the Bengaluru airport in Karnataka, reported Focus Taiwan, the national news agency of the Republic of China. Foxconn subsidiary … Read more

Apple Outshines All of Berkshire Hathaway’s Businesses: Warren Buffett

Apple outshines all of Berkshire Hathaway’s businesses, Warren Buffett says. The Berkshire CEO emphasized the immense value Apple’s customers place on their devices. Buffett touted the fact that Berkshire’s Apple stake grows as the tech titan buys back stock. Apple outclasses every single one of Berkshire Hathaway‘s subsidiaries, Warren Buffett says. “It just happens to … Read more

Apple reshuffling management to give more focus on India

Apple is reorganising the management of its international businesses to give more focus on India, which has become an important market for the company. This marks the first time that India will be its own sales region at Apple, highlighting the nation’s growing significance. According to Bloomberg sources, the shift is happening after the retirement … Read more

Apple’s iPhone needs a shake-up. A new law might help to lose its grip

Apple Inc.’s walled garden around its technology is as synonymous with the iPhone maker as the iPhone itself. It is how Apple lures consumers into buying expensive earphones, watches and speakers that work seamlessly with that rectangular slab in their pockets, and ultimately what locks people in to Apple products.   That has been great … Read more

Elon Musk Says Tesla Can Surpass Combined Value of Apple and Aramco

Apple and Aramco are the world’s top two companies by market capitalization. The combined market cap of Aramco and Apple is six times that of Tesla, at today’s stock price. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Elon Musk, … Read more

Qualcomm sales up 37% in Q2, mobile biz crosses $6 bn on Snapdragon chips

Chip-maker Qualcomm has reported a 37 per cent rise in its revenue in the June quarter despite challenging macro-economic environment, announcing the extension of its patent license agreement with Samsung for its Galaxy devices. The company posted $10.93 billion in revenue for its third quarter (April-June period) and its handset business grew 59 per cent … Read more