From new and competitively-priced iPhones to slashing prices of its older models, it had a multi-pronged strategy.
Apple Inc has announced the India prices of the new variants of its bestselling smartphones - launched on Tuesday - as it assembles the device in the country. The new iPhone 15 range starts at Rs 79,900 for the 128 GB variant (the same price as the iPhone 14 when it was launched last year) and goes up to Rs 199,900 for the top-end Pro Max with a 6.7 inch screen and 1 TB (terabyte) storage. The world's most valuable company also launched three new upgraded Apple watches, starting with the SE at Rs 29,900 and going up to Ultra 2 at Rs 89,900.
Offering few surprises, Apple Inc shares did not react strongly.
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Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
A fleet of cutting-edge premium handsets have been lined up by OnePlus, Google, Huawei and Nokia.
Despite all the noise around India's chance to leverage the China-plus one strategy, India's share of global foreign direct investment (FDI) inflows fell from 3.5 per cent in the first nine months of 2022 to 2.19 per cent in the same period in 2023, according to OECD data. The sharp drop of 54 per cent is much steeper than the overall global FDI inflow decline of 26 per cent in the first nine months. FDI inflows to China have fallen dramatically from a share of 12.5 per cent in the first nine months of 2022 to only 1.7 per cent in the same period in 2023.
Fears of Chinese economic troubles and slowing iPhone demand vaporized more than $100 billion of the company's value since mid-July, reducing its market capitalization to $630 billion.
Apple said the new iPad Pro's screens will measure 12.9 inches diagonally
Are the big five using their dominance to shut out rivals? That is the key question, says Prosenjit Datta.
The new scheme, promoting manufacturing of electric vehicles (EVs) by global majors, will give a fillip to companies like Tesla and its upstart rival Vinfast, both of whom have lobbied for lower import duties from the Centre. While Vinfast has already announced an investment of Rs 4,000 crore to set up an electric vehicle (EV) plant in Tamil Nadu, Tesla's next move will be watched carefully. Four years ago, Musk announced that his company would come to India.
The search giant's music streaming service in India is priced a third lower than the iPhone maker's subscription fee.
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He noted that the infrastructure in India has come 'quite a ways' since Apple began to put a lot of energy in the Indian market 'because of their leadership and so forth.'
To promote localisation of manufacturing and reduce its import bill, the government increased basic customs duty on mobile handsets - from 10 per cent to 15 per cent.
In FY22-23, Samsung exported $4.09 billion smartphones from India -- an increase of 42 per cent over 2021, when it was $2.8 billion -- accounting for 35 per cent of all smartphone exports.
Apple, which is seeing declining sales elsewhere in the world, is betting big on India for growth as sales here saw an impressive 56 per cent growth in the January-March 2016 quarter.
A US ban on imports of older iPhones and iPads is example of the International Trade Commission being too quick to block products on dubious grounds.
We enlist some of the key features of iOS 9, so sit tight.
Apple Inc has asked suppliers to manufacture between 70 million and 80 million of its two forthcoming large-screen iPhones by the end of the year, its largest initial production run of iPhones, the Wall Street Journal reported, citing people familiar with the matter.
The Bharatiya Janata Party, which won 25 seats in the Himachal Pradesh elections, suffered a setback in the assembly segments falling under Shimla, Hamirpur and Kangra parliamentary constituencies in the hill state.
'I joined Heeramandi's shoot right after completing Laapataa Ladies.' 'When I landed on the Heeramandi sets, I was like "Oh my God!" because this was for the first time I was seeing such a huge set in my life.'
According to retail-intelligence firm StellaService, customers who buy a product from Apple's online store can get a refund in under a week, versus 10 days previously.
Mother's Day reminded me of how my mom learned to cook Indian food.
It is being suggested that apps, such as WhatsApp and Telegram, should share their APIs with each other to ensure there is interoperability, just as it exists across email services.
Billionaire Gautam Adani's group is building the world's largest renewable energy park in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from solar energy. Speaking at the opening of 'Energy Revolution: The Adani Green Energy Gallery' at the Science Museum in London, Gautam Adani said his group's renewable energy arm, Adani Green Energy, is leading an energy transition that honours the commitment of taking care of the planet not just for this generation and the next but also for generations to come. "As the world's leading solar power developer and India's largest renewable energy company, we are taking very big steps," he said.
Samsung also battling low-cost Chinese vendors.
For the first time in his political career, he failed to carry his party to even a working majority -- and again, for the first time in his career, he finds himself in a situation where he cannot rule by dictatorial fiat, points out Prem Panicker.
India opened its first Apple store in Mumbai, and everyone, including Bollywood, paid a visit.
With reserves accumulating fast, it can afford to mimic Apple by giving more to investors.
Messi played a key role in guiding Argentina to their first World Cup title in 36 years when they beat defending champions France in the final in December last year.
Shareholders may once again be underestimating the staying power of the company's margins.
Apple reduced channel inventory by $3.6 billion.
In a big push to the production-linked incentive (PLI) scheme, the government has nearly doubled (increase of 81 per cent) the allocation in five key industry segments from Rs 8,405 crore in the Revised Estimate of FY24 to Rs 15,198 crore in the Interim Budget for FY25. The segments cover over eight PLI schemes, including mobile phones, IT hardware, pharma (PLIs for medical devices, intermediates and pharmaceuticals), food processing, telecom hardware and, auto and auto components. In FY24, DPIIT officials, however, said that the disbursements would be much higher at around Rs 11,000 crore than what has been budgeted for the year.
Jury finds that Samsung had infringed two Apple patents
Apple Inc unveiled a new TV set top box that responds to voice commands and fresh iPhones that sense the pressure of a finger tap, changes which underwhelmed many social media commenters and investors.
Samsung has reason to be worried.
App makers are passionate about developing for the Apple Watch.
Apple, along with other technology companies, is allowed only to report such numbers in increments of 1,000
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The company isn't talking about plans for marketing the Apple Watch
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