Tech giant Apple has recorded its highest-ever value share of 28 per cent in the Indian smartphone market, driven by a surging "premiumisation" trend where consumers are increasingly opting for high-end devices, according to a report by Counterpoint Research.
Navya Naveli Nanda and Armaan Malik marked 'Day 1 with @apple' as they met Tim Cook at Cupertino's iconic Apple Park.
iPhone maker Apple hit an all-time revenue record in India during September quarter, marking a strong growth streak in the world's second largest smartphone market where the tech titan has been deepening retail footprint and local manufacturing.
iPhone-maker Apple on Tuesday announced that it will open a new store in Pune next week. The latest move marks a significant expansion for Apple in the country, offering customers in Pune new ways to explore and purchase Apple products, as well as experience Apple's services in person, the company said.
India has become Apple's main export hub to the US, which consumes over $40 billion worth of iPhones annually.
As the Apple CEO put it to his staff, the choice is stark: Adopt AI or risk being left behind. The same applies to everyone preparing for the future of work.
The Foxconn move may have been prompted by the Chinese government's focus on strengthening its supply chain.
These are 'hidden champions' of strategic research and innovation. They are worthy of emulation within Indian industry, and maybe even a Padma!, notes R Gopalakrishnan.
There's no change in Apple Inc's India strategy, said a top government source. 'It can only be enhanced'.
US President Donald Trump on Thursday said he has asked Apple CEO Tim Cook to stop producing iPhones in India, and rather make them in the US.
Apple's ambitious strategy to expand iPhone exports, shift more production from China to India at a faster pace, and grow its domestic market hits a Trump-sized roadblock.
Suchir Balaji, a 26-year-old Indian-origin former employee of OpenAI, was found dead in his San Francisco apartment on November 26. The medical examiner's office ruled the death a suicide, and police say there is no evidence of foul play. Balaji was known for publicly accusing OpenAI of violating US copyright law while developing ChatGPT, a generative AI program that has become a global sensation. His death comes amid a wave of lawsuits against OpenAI from creators who claim their copyrighted material was used without permission to train ChatGPT.
In a dazzling showcase at Apple Park, Apple on Monday introduced its latest technological marvels, including the much-anticipated iPhone 16 lineup. The event, held at the newly inaugurated Observatory building, featured an array of exciting updates that promise to redefine the smartphone experience.
iPhone maker Apple on Friday said it will open four more stores in India, located in Pune, Bengaluru, Delhi-NCR and Mumbai. The company said it will also roll out its first-ever "made in India" iPhone 16 Pro and iPhone 16 Pro Max series devices this month.
In the June quarter of 2024-2025, smartphone exports hit $2 billion, well ahead of non-industrial diamond exports, which stood at $1.44 billion.
Whether it's Carrefour, Ford, or other foreign majors, they are ready to adjust their strategies and design their plans in a way that would address the Indian consumption story.
Have you wondered how many days of work -- depending on your net monthly income -- you would have to put in to buy the top-end iPhone 16 Pro?
'An unforgettable moment meeting Tim Cook on keynote day at Apple Cupertino! Thank you for having me, Tim. It was a pleasure to see the stunning Apple Park and to meet you! I will gladly take you up on the offer to play badminton when you visit India next.'
Milind Makwana, according to his close friends and family, spoke at the City Council meeting on July 18 against SB403, the anti-caste discrimination bill in California State Assembly.
Indian smartphone sales, traditionally dominated by the entry and mid-range segments, are set to change as high-end and super-premium devices capture consumer attention. The premium category is expected to grow by more than 20 per cent in calendar year (CY) 2024 compared to the previous year. While the overall smartphone market is expected to w
iPhone maker Apple has warned its users about ongoing Pegasus-like sophisticated spyware attacks that target a very small number of individuals often journalists, activists, politicians and diplomats.
Apple grew at a strong double-digit rate in India, hitting a new March quarter revenue record in an "incredibly exciting market", even though the tech titan's overall quarterly revenue declined 4 per cent. Apple's India showing earned praises from CEO Tim Cook who described the market here as a "major focus" and said Apple is working on the entire ecosystem from developer to the market to operations. The top honcho said he is "very pleased" with the growth numbers.
Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.
'India needs many more job creators, both in manufacturing and services, to make it big.' 'For that, the red carpet must be rolled out fully and for all investors without holding back,' suggests Nivedita Mookerji.
On Tuesday, Apple chief executive officer Tim Cook and his team launched the Apple Watch Ultra 2. According to a report by US-based tech portal TechCrunch, the Ultra 2's design looks quite similar to that of the first-generation Apple Watch Ultra, which means the most significant upgrade is on the inside. Like the new Series 9, the Ultra 2 will be powered by Apple's S9 SiP, which has 5.6 billion transistors and a four-core neural engine as well as a U2 ultra wideband location chip.
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.
Tata Group is set to become India's first homegrown iPhone maker after Taiwan's Wistron Group agreed to sell a plant in Bengaluru to India's largest conglomerate. Wistron's board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd to Tata Electronics for $125 million, the Taiwanese electronics manufacturer said in a statement on Friday. The unit operates an iPhone assembly plant near Bengaluru.
CERT-In has started its probe in the Apple threat notification issue raised by opposition MPs, and a notice has been sent to the company, IT Secretary S Krishnan said on Thursday.
The price of the base model of the iPhone increased 25 per cent between 2017 and 2022, whereas inflation rose 29.7 per cent between September 2017 and September 2022.
The government's target of hitting $52 billion to $58 billion in mobile phone exports in FY26 has been faltering; an Indian corporate group with financial muscle will help.
The Apple 'Far Out' event, which was one of the most anticipated tech events of the year, finally happened on Wednesday, bringing new gadgets galore including new iPhones, new watches and new AirPods. However, for those who missed it, worry not, here's the roundup.
Both versions come up with the dynamic island feature that first debuted on the iPhone 14 Pro and Pro Max and the USB-C type charging. As per The Verge, an American technology-based website, the iPhone 15 also has an OLED Super Retina display, which supports Dolby Vision content with 1,600 nits of brightness. The peak brightness of this display is 2,000 nits in sunlight, double that of the iPhone 14. Apart from this, the iPhone 15 and iPhone 15 Plus also has an improved camera system.
In the run-up to Apple CEO Tim Cook's visit to India, government officials are finalising the talk points with the Cupertino-headquartered tech major. Officials said that the government would like Apple to "deepen" the company's engagement in the manufacturing and assembly of iPhones in the country and not limit itself only to the minimum commitments made under the production-linked incentive (PLI) scheme for mobile devices. The conversations between the two sides are likely to focus on that.
Apple is hoping to assemble in India 25 per cent of all iPhones produced globally to reduce its heavy dependence on China.
At a time when the overall narrative is around India being an attractive investment destination, the two American multinationals are more specific in projecting India as their centrepiece.
Whoever can make acquiring smartphones more affordable will win the sales game.
The manufacturing of iPhone 14 in India within weeks of the global launch demonstrates the maturity of Apple's manufacturing capabilities in the country, according to Moody's Investors Service. Increasing volumes of locally-manufactured iPhones will also accelerate Apple's expansion strategy in India, Raj Joshi, Senior Vice President, Corporate Finance Group, Moody's said. The Indian smartphone market's large size and strong growth prospects as the country unveils its 5G network "make it an attractive long-term market for Apple", according to a note by Moody's.
India's stiff labour laws were one key issue that Apple CEO Tim Cook discussed with Prime Minister Modi on his recent visit.
The new mantra was to align Apple's ambition with the government's, focusing on Modi's favourite themes of Make in India, employment generation and India as a high-tech export hub.
Apple will soon bring its latest lineup of MacBook Pro models along with HomePod mini, AirPods and a new music experience under Apple Music Voice Plan for Indian consumers. Apple's new M1 Pro and M1 Max, available in 14 and 16-inch models, delivers groundbreaking processing, graphics and machine learning (ML) performance. The new MacBook Pro range with M1 Pro and M1 Max are available to order via Apple's online store and will begin arriving to customers and its authorised resellers from October 26.
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