Driven by smartphone, electronics exports have reached $22.5 billion in value in the first eight months of the current financial year (FY25), a near 28 per cent growth over the $17.66 billion electronics exports during the corresponding period of FY24.
Technology giant Apple on said the sales of its new iPhones are on pace to beat last year's record of 10 million units during the first weekend.
Apple is loathe to use customer data to deliver targeted advertising.
Leading home-grown companies - Dixon Technologies (India), Amber Enterprises India, Tata Electronics, Chennai-based Munoth Industries, and Murugappa Group - along with global majors such as Japan's TDK Corporation, Taiwan's Hon Hai Technology Group (Foxconn), Austria's AT&S Austria Technologie & Systemtechnik AG (AT&S AG), and Japan's Murata Manufacturing Co, among others, have expressed initial interest in participating in the Rs 22,919 crore production-linked incentive (PLI) scheme cleared by the Union Cabinet, according to those privy to stakeholder discussions with the government.
It might give Apple a boost in the fast-growing Indian, Middle East and African markets but also risks cutting its average phone prices and profit margins
In a major push towards 'Make in India', Apple Inc is manufacturing 70 per cent of the mobile phones, in value terms, that it sells in the domestic market, in India, according to sources aware of the development. This is a sharp rise from the figure of 30 per cent just two years ago and marks a major shift in Apple's strategy following the government's Production Linked Incentive (PLI) scheme that kicked off in FY'21. One of Apple's three vendors here, Foxconn, is currently manufacturing the best-selling model, the Apple 11, along with the Apple 10 and the Apple 12. Another contract manufacturer, Wistron, makes the Apple SE 2020. (The third, Pegatron, has yet to start production). The only models that are imported (they have limited volumes but high value) are the Apple 12 Pro and Pro Max.
The Tata group is close to acquiring Wistron's $600-million factory in southern Karnataka by next month, according to reports. The Wistron unit makes iPhones for the Cupertino-based company. Sources said that Wistron will continue to provide the Tatas technical know-how on assembling the phone and keep back some personnel during the transition process.
Apple has done everything engineeringly possible to minimize the downsides of having a big phone.
Artificial intelligence and augmented reality will reinforce the importance of the iPhone, says Tim Cook.
Indian consumers, who have waited for months to own the iconic 3G-enabled Apple iPhone, will have to pay Rs 31,000 for the entry-level 8GB memory mobile phone and Rs 36,100 for a model with double the memory.
Apple said it sold 51.2 million iPhones in its second fiscal quarter, down from 61.2 million in the same quarter a year ago but above analysts' estimates of about 50 million devices.
The new iMac, two iPads and iPhone 12 and 12 Mini will be open for ordering starting April 30, just like in the US, the UK, China and Japan.
India's smartphone shipment grew by 11.5 per cent in the first quarter of calendar year (CY) 2024 on a year-on-year basis to 34 million units. This is the third consecutive quarter of growth in shipments, International Data Corporation's (IDC) Worldwide Quarterly Mobile Phone Tracker said.
Apple Inc has rolled out a beta programme to enable 5G on Apple devices as the upgrade lets users try out pre-release software. This software upgrade enables 5G access on Apple devices, as and when service providers Jio, Airtel and Vodafone enable 5G network access, sources said. Apple users have to enrol for the beta programme on the website, install a profile and download the software.
Apple on Wednesday launched the Series 4 of the Watch and three phones -- iPhone XS, XS Max and XR -- at the Steve Jobs Theater in Cupertino, California.
Cook meets the 65-year old prime minister in New Delhi on Saturday, and will be hoping Modi's enthusiasm for phones can help Apple as it tries to bolster sales in India.
Smartphones, for the first time, emerged as India's largest individual export commodity by value over 10 months of any financial year, during the April-January period of FY25, based on harmonised system (HS) codes. During the period under review, smartphone exports from India reached $18.31 billion, according to data from the Department of Commerce, surpassing automotive diesel fuel exports, which stood at $16.04 billion.
Apple relies heavily on the sale of its flagship iPhones
Apple's high-octane racing film "F1: The Movie" roared to the top of the U.S. and Canadian box office this weekend, fueled by star-power and a finely-tuned marketing campaign
Customers may have to wait three to four weeks to get their hands on Apple Inc's iPhone 6 Plus, after a record number of orders for the company's latest smartphones strained available supply.
Leading Republican presidential candidate Ted Cruz supported the FBI on the issue.
Technology companies continue to be the most valued brands globally, with the top five most valued companies from the technology sector, according to Brand Finance 2024. Samsung has entered the top five most valued brands globally. Apple secured the first position after falling to the second spot in 2023.
Technology giant Apple has registered a 90 per cent jump in net profit at $3.07 billion in the first three months of 2010, helped by sales of iPhone and Mac computers.
With 4G coverage spreading, Indian consumers will likely be more open to investing in smartphones
You may like it or not but Apple's iPhone 6 and 6 Plus are definitely ahead of other premium smartphones available in the market when it comes to performance, battery life and OS, says Shruti Puri.
Procter & Gamble has announced Shailesh Jejurikar as its next CEO, effective January 1, 2026. Jejurikar, an India-born executive, will succeed Jon Moeller in the role.
With screens of 4.7 inches and 5.5 inches, the two new models would be Apple's largest iPhones.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China.
Shifting to it involves a steep learning curve, but it's worth it.
Trinamool Congress MP Mahua Moitra on Wednesday wrote to Lok Sabha Speaker Om Birla flagging alerts received by several opposition leaders about 'state-sponsored' attacks on their iPhones, and urged him to provide them protection to continue doing their duties.
Apple is expected to introduce its first new product since the iPad in 2010, a smartwatch, later on Tuesday.
The Cupertino, California-based technology giant sent out invites on Wednesday to media outlets for a product announcement on September 12.
Meet the Mango Phone, which should hit the Indian markets by the month-end.
A thorough comparison between the two smashing smartphones. Find out why Galaxy S II takes the cake away from iPhone 4S in India.
Apple's next killer application for the iPhone could justify its price-tag among the harshest of critics. The iPhone has had something for every user, but to take social networking to the next level, the services of a Bangalore firm were needed.
Apple Inc's suppliers will begin producing larger versions of the iPhone in China next month.
Apple Inc said it sold a record 10 million iPhones in the first weekend after its new, larger phone models went on sale in 10 countries on Friday.
A firm had registered the trademark in 2000, seven yrs before Apple launched its phone.
Steve Jobs and two of his top lieutenants spent just over an hour last week outlining their plans to allow software makers to create programs custom-built to run on the iPhone, Apple's innovative mobile handset. The move could mark the beginning of a new phase in the development of mobile software, as programmers build programs that are not limited by the physical constraints - such as fixed buttons and small screens - that plague many other mobile handsets.
