Apple is intensifying its succession planning efforts as Tim Cook prepares to step down as CEO as early as next year, according to a report by the Financial Times on Friday. John Ternus, Apple’s senior vice president of hardware engineering, is potentially seen as Cook’s successor, the FT reported, citing several people familiar with discussions. … Read more
As the earnings season in the US progresses, tech’s internet giants have made it clear to the Wall Street the Artificial Intelligence (AI) investments will be the next big things. Microsoft, Meta, Alphabet and Amazon will now collectively spend $380 billion this year, the tech giants said as they got through the earnings. The companies … Read more
Apple is predicting a whole lot of iPhones will be beneath Christmas trees this year. CEO Tim Cook said he expects record iPhone sales — and Apple’s biggest quarter in history by revenue — for the holiday quarter. “We are incredibly excited about the strength we’re seeing across our products and services, and we expect … Read more
Tim Cook had said that Apple plans to source most US-market iPhones from India during the June quarter. (AI image) US President Donald Trump doesn’t want Apple to expand manufacturing in India, but will the Tim-Cook led tech giant listen? Apple reportedly remains committed to its investment strategy in India. Apple has plans to establish … Read more
Apple maintained double-digit growth in India, mirroring the company’s strong results in other emerging markets like Mexico, Brazil, and the Middle East. Apple India’s revenue rose 36% to Rs 67,122 crore ($8 billion) in FY24 compared to the year-ago period. Its net profit rose 23% to Rs 2,746 crore during the same time, Tofler data … Read more
Foxconn, a major global electronics contract manufacturer, has received offers from multiple states in India to establish large-scale industrial facilities. Telangana has proposed providing 2,000 acres for a ‘Foxconn City’, similar to the company’s existing sites in Taiwan and China, according to Duddilla Sridhar Babu, the state’s IT and industries minister. Additionally, sources told ET … Read more
Apple ecosystem the biggest blue-collar job creator for India! Since the launch of the Production-Linked Incentive (PLI) scheme for smartphones in August 2021, the Apple ecosystem has emerged as a major job creator in India. Directly employing over 150,000 individuals, it stands as the largest blue-collar employer in the country. Government officials and experts told … Read more
Apple ‘Wonderlust’ event saw the unveiling of the iPhone 15 series, Watch Series 9 and Apple Watch Ultra 2. While the Watch Series 9 comes with a faster S9 chip, the iPhone 15 Pro comes with Titanium construction, an upgraded A17 Pro chip and USB-C charging port! Here are the majopr announcements from Apple’s flagship … Read more
Goldman Sachs Group Inc. (GS) is considering exiting its partnership with Apple Inc. (AAPL), the Wall Street Journal reported, citing sources familiar with the matter. The report stated that the bank is in talks with American Express Co. (AXP) to take over its Apple credit card and other services with Apple Inc. The iPhone-maker and … Read more