Page 9 - Apple Inc

Make in India: Apple assembled $14 bn worth of iPhones in India in FY24

Apple now makes as much as 14% or about 1 in 7 of its marquee devices in India

Apple targets new Miami office space following Amazon and Microsoft

The company already has a smaller office in the vicinity, which has focused mostly on Latin America as well as the advertising business, including selling ad slots in the App Store

Apple cut at least 600 jobs in US when car and screen projects stopped

At the end of February, Apple began to wind down both initiatives, which were seen as major moonshot efforts to advance the company's technologies or enter sizable new areas

Tesla seeks support from Apple to prove driver killed in crash was gaming

The two sides are sparring over whether Tesla can call an Apple engineering manager as a witness for a two-month trial set to start next week in state court in San Jose

Apple explores home robotics as 'next big thing' after car fizzles

With robotics, Apple could gain a bigger foothold in consumers' homes and capitalize on advances in artificial intelligence

EU probes Apple, Meta, Alphabet for 'non-compliance' under new digital law

According to the European Commission, some large online platforms act as "gatekeepers" in digital markets and the Digital Markets Act aims to ensure that these platforms behave in a fair way online

Tim Cook's love for China helps Xi Jinping fight fears of economic slump

The People's Daily newspaper, an official mouthpiece for the Chinese Communist Party, has said that China is an indispensable part of the global supply chain

Apple CEO Cook meets Chinese commerce minister, unveils investment plans

He said China is promoting tech innovation, and that sectors like artificial intelligence and cloud computing offer massive opportunities to companies like Apple

Apple loses $113 billion in value as European, US regulators close in

Once the world's most valuable firm at more than $3 trillion, Apple has underperformed both the Nasdaq 100 and the S&P 500 in 2024

US Justice Dept to sue Apple today over violations of antitrust laws

The coming case will mark the third time that the Justice Department has sued Apple for antitrust violations in the past 14 years, but it is the first case accusing the iPhone maker

Apple CEO Tim Cook visits Shanghai, with China sales under pressure

His visit comes after the iPhone maker announced that it would open a new retail store in the heart of the Chinese financial hub on Thursday

Warehouse developers scramble for land in India as firms look beyond China

Prime targets are firms looking to expand manufacturing facilities beyond China as tension with the United States and other countries takes off some of its shine

Apple to pay $490 mn for misleading investors about iPhone sales in China

Apple has agreed to pay USD 490 million to settle a class-action lawsuit alleging CEO Tim Cook misled investors about a steep downturn in iPhone's sales in China that culminated in a jarring revision to the company's revenue forecast. The preliminary settlement filed on Friday in Oakland, California, federal court stems from a shareholder lawsuit focused on the way Apple relayed information about how iPhone models released in September 2018 were performing in China, one of the company's biggest markets. Cook signalled that the new iPhones were off to a good start during an investor conference call in early November 2018, according to the complaint. That reassurance dissolved into a huge letdown on January 2, 2019 when the Cook issued a warning that Apple's revenue for the just-completed quarter would fall USD 9 billion below management's forecast for the period. What's more, virtually all of the sales drop was traced to weak demand in China. It marked the first time Apple had cut i

Global corporate dividends hit record $1.66 trn in 2023 amid bank payouts

The world's biggest dividend payers in 2023 were Microsoft , followed by Apple and Exxon Mobil

After decade-long odyssey, Apple to wind down its electric car effort

The Apple car team also has several hundred hardware engineers and vehicle designers. It's possible they will be able to apply for jobs on other Apple teams

Apple meets DOJ antitrust chief in last-ditch bid to avoid expected suit

Apple's App Store, which charges developers a commission of either 15% or 30%, has come under heavy criticism by developers and lawmakers

Workers at Apple supplier Flex stage one-day strike, seek wage hike

The workers requested wage raises for the next three years but could not reach an amicable resolution, according to the letter

Apple's longest-serving designer to depart company, adding to exodus

Bart Andre, who joined Apple in 1992 alongside Ive, told colleagues this month that he is retiring, according to people familiar with the matter

Apple defeats Khosla-backed AliveCor lawsuit over its smartwatch tech

Apple has said the meeting was like hundreds of others it has hosted with developers over the years, with no pretense of a partnership

Padma Bhushan for Young Liu embodies how Foxconn has grown roots in India

But to flower further, it may need to reduce dependence on Apple Inc