Morgan Stanley has raised its price target on Apple stock from $190 to $220, citing India as a major growth driver for the company. The…
Tag: India
Apple’s App Store removes predatory lending apps in India
Apple has removed several predatory lending apps from its App Store in India this week, days after media and app store shoppers questioned…
Google set to hire former Apple executive as India policy head
Alphabet Inc. subsidiary Google is set to appoint manufacturing and policy veteran Sreenivasa Reddy in India to tackle legal challenges…
Apple in talks to launch Apple Pay and Apple Card in India
Apple is reportedly in talks with banks and regulators in India to launch Apple Pay and its credit card, Apple Card. The company’s CEO…
Apple’s iPhone has propelled smartphones into one of India’s top five exports
Apple’s iPhones have propelled smartphones into the top-five most exported commodities from India in the fiscal that ended…
China’s Apple loss is India’s gain
Apple added five new mainland Chinese suppliers while removing eight in mainland China in its latest financial year ended September 2022…
India launches $2 billion incentive plan to court laptop, tablet makers like Apple
India is unveiling a 170 billion rupee (US$2 billion) incentive plan to woo makers of laptops, tablets, and other hardware such as Apple to…
Apple assembler Foxconn to invest $500 million in India’s Telangana state, create 25,000 jobs
Major Apple assembler Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana…
India’s Tata Group set to become Apple’s fourth iPhone assembler
Accelerating a shift of production outside China, Tata Group is set to become Apple’s fourth iPhone contract manufacturer, following its…
Apple assembler Foxconn buys huge site in India tech hub
Major Apple assembler Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the company said in a filing…
Apple iPhone sales rise, resiliently bolstering results amid shaky economy
Apple once again beat analysts’ consensus expectations on Thursday, showing off the world’s most valuable company’s resilience in a…
Apple’s magnificent growth in this massive market could be a game changer
Apple’s revenue from India grew by 50% in the recently concluded fiscal year, according to reports. The company’s steps to increase…
India IT minister sees Apple nearly tripling investment, exports in coming years
Apple could double or triple investments in India, along with exports, over the next few years, a minister said, as the company opened…
Apple CEO Cook meets India PM Modi, commits to growth and investment
Apple CEO Tim Cook on Wednesday met with India’s prime minister, Narendra Modi, in New Delhi and committed to growth and investment…
Tim Cook greets man with a 1989 Macintosh SE at the opening of Apple’s first store in India
Tim Cook posed for photos with a crowd of Apple fans, including one man who had brought his Macintosh SE FDHD (released in 1989) along…
Apple’s sales in India grow 50% YOY, hit $6 billion in last 12 months
Apple’s sales in India grew by nearly 50%, hitting hit $6 billion in the last 12 months versus $4.1 billion in the 12 months prior…
Apple CEO Cook to meet Indian Prime Minister Narendra Modi amid expansion
Apple CEO Tim Cook will meet India’s Prime Minister Narendra Modi as part of his visit to inaugurate Apple’s first retail store in the…
Apple now makes almost 7% of its iPhones in India in effort to reduce its reliance on China
Apple assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone…
Apple’s long-term goal is to bring 45% of iPhone assembly to India
Currently, less than 5 percent of iPhones sold worldwide are assembled in India, but Apple’s long-term goal is for their contract assemblers…
Apple says ‘Hello Mumbai’ ahead of first India retail store launch
Apple on Wednesday revealed the look of its first retail store in India. The store is still in barricades and is likely to open this month…
Inside Apple’s belated attempt to free itself from China
Tim Cook spearheaded Apple’s move to make products “Designed in California,” but “Assembled in China.” It worked marvelously well, until…
First official Apple Retail Store set to open in India
Apple is set to open its first official retail store – a flagship location called “Apple BKC” – in India’s financial hub of Mumbai;
Apple CEO Tim Cook meets with China’s commerce minister
Apple CEO Tim Cook met with China’s minister of commerce, Wang Wentao, to discuss China’s reopening and broader supply chain…
Apple assembler Pegatron in talks to open second factory in India
Pegatron, a major Taiwanese Apple assembler is in talks to open a second factory in India, as Apple partners continue to diversify…
Apple pushes India to relax labor laws in push to diversify beyond China
Apple is pushing for changes in India’s labor laws as part of its effort to expand production in the country. India’s regional governments…
India’s Karnataka government approves $968 million investment from Apple assembler Foxconn
Karnataka in southern India has approved a $967.91 million investment in the state by a unit of main Apple assembler Foxconn …
Apple to open flagship India store in Mumbai in April; Delhi store next
Next month, Apple will be inaugurating its flagship store in Mumbai, India, followed by the second store in New Delhi sometime between…
Apple assembler Foxconn wins AirPod order, plans $200 million factory in India
Taiwan-based contract manufacturer Foxconn has won an order to assemble AirPods for Apple and plans to build a $200 million factory complex…
Major Apple assembler Foxconn ramps up investment outside China
Foxconn, which assembles around 70% of Apple’s iPhones, has been diversifying production away from CCP-controlled China, whose…
India being put to the test by Apple and many others as China manufacturing alternative
India’s dream of becoming the “new factory of the world” to rival U.S. geopolitical rival China won’t be without growing pains, as…
Apple makes India its own sales region
Apple is placing a greater focus on India, reshuffling management of its international businesses. India will become its own sales region…
Apple iPhones to be assembled at new Foxconn plant in India’s Karnataka state
Apple iPhones will soon be assembled at another Foxconn site in the southern Indian state of Karnataka with 300 acres set aside for the new…
Apple assembler Foxconn to invest in India’s Telangana state to create 100,000 jobs
Major Apple assembler Foxconn will invest an undisclosed sum in India’s southern state of Telangana in order to build an electronics assembly…
India state launches probe into massive fire at Apple supplier Foxlink
India’s Andhra Pradesh state has launched an investigation into what caused a massive fire at the factory of Apple supplier Foxlink that led…
Better late than never: Apple suppliers race to exit China
Apple suppliers are likely to move capacity out of China far faster than many observers anticipate to pre-empt fallout from…
Apple supplier in India unlikely to restore full operations for two months after massive fire
A day after a massive fire forced production to be halted, it’s been found that most of the fire safety equipment at Apple supplier Foxlink …
Apple’s belated effort to diversify away from China into India hits stumbling blocks
Apple is hitting stumbling blocks in its effort to increase production in India, as it faces pressure to cut its over reliance on China…
How Apple plans to diversify its supply chain away from China
In recent years, there has been a growing concern among supply chain experts in companies like Apple and governments such as the U.S…
Apple supplier Salcomp sees revenue of $2-$3 billion in India for 2025, plans rapid hiring
Finland-headquartered Salcomp, a supplier to Apple plans to double its workforce in India to 25,000 over the next three years, a top company…
Apple assembler Foxconn in serious talks to establish operations in third Indian state
India’s southern Karnataka state is in serious talks with major Apple assembler Foxconn over investment plans, Chief Minister Bommai…
Apple supplier Jabil begins making AirPods components in India
Apple supplier Jabil has begun making components for AirPods in India, marking a significant step in Apple’s push to diversify production…
Apple wants India to account for up to 25% of its product assembly
Apple wants India to account for up to 25% of its product assembly from about 5%-7% now, as the company belatedly tries to divest…
