While the market share of tech giant Apple in India is currently under 6%, it has been on an upward trajectory from just 2% in FY18
Apple said revenue in its fiscal fourth quarter would grow at a level similar to the 4.9% increase it posted in the April-June period
The company is planning to begin rolling out Apple Intelligence to customers as part of software updates coming by October, according to people with knowledge of the mattet
US smartphone major Apple assembled 14 per cent of global iPhones in India in FY24 and the country's ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on Monday. The Survey, tabled in Parliament by Finance Minister Nirmala Sitharamn, said that the mobile phone segment within the electronics sector has experienced the maximum growth with exports to the US rising from USD 2.2 billion in the financial year 2022-23 to USD 5.7 billion in FY24. "Apple assembled USD 14 billion worth of iPhones in India during FY'24, constituting 14 per cent of its global iPhone production," the Economic Survey said citing third-party data. Foxconn has started production of Apple mobile phones in Karnataka and Tamil Nadu, it added. "India's share in world electronics exports has improved from 0.63 per cent in 2018 to 0.88 per cent in 2022. As such, India's exports (ranking) rose from 28th in 2018 to 24th in 2022 in global electronics exports. The share of ...
Reportedly, iOS 18 will scan for damaged media files on the iPhone's internal storage and show them under a new "Recovered" album in the Photos app
Apple increased its cash dividend by 4 per cent and authorized an additional program to buy back $110 billion of stock. The buyback is the largest in the company's history
The company has partnered with two Indian companies to enhance its capabilities and intends to eventually export these complex machines
American tech giant does not have a manufacturing base in Indonesia, where iPhones and Apple computers have a strong following
The quick-commerce platform has been experimenting with category expansion ranging from standard fresh food and groceries to high-value retail categories
Exports expected to cross 80% of its production
Tata is building the iPhone assembly plant in Hosur city, which will be its second such facility in the country. The move comes as Apple and its contract manufacturers are rapidly expanding
The iPhone ranked first in shipments in the fourth quarter and 2023 overall, market tracker IDC said
India's electronics exports record 22.24% growth in the first nine months of FY24, with iPhones leading the surge
The iPhone accounted for a fifth of the global market with close to 235 million shipments last year, research firm IDC estimates. Samsung, whose shipments slumped double-digits to 226.6 million
Casey spent more than a dozen years at Apple, where she served as vice president of finance
The acquisition is expected to give Luxshare a better chance at competing with Taiwan's Foxconn Technology Group, Apple's primary manufacturing partner
Apple has been able to grab a larger share of Indian premium smartphone market segment, while rival Samsung has seen a relative fall in its share in the same segment
Apple has been filing patents related to the use of graphene for heat dissipation in portable devices, according to reports
In recent years, Apple has put more emphasis on quality - even when it's meant delaying new capabilities
The government's target of hitting $52-$58 billion in mobile phone exports in FY26 has been faltering; an Indian corporate group with financial muscle will help