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Apple Supplier Foxconn to Invest $1.5 Billion in India Unit
Foxconn's Singapore-based subsidiary will buy 12.77 billion shares worth 10 rupees apiece, amounting to 127.74 billion rupees ($1.50 billion) in Yuzhan Technology India. The detail was revealed in a filing with the London Stock Exchange.
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Apple Aims to Build Most iPhones for US in India by End of 2026
Apple is seeking to import most of the iPhones it sells in the US from India by the end of next year. The plans are the latest sign of Apple and its suppliers accelerating a pivot away from China, a process that began when harsh Covid lockdowns hurt production at its largest plant.
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NHRC Faults Probe of Foxconn Hiring, Orders New Inquiry
The National Human Rights Commission (NHRC) has admonished labor officials for failure to adequately investigate evidence of employment discrimination at Foxconn. An undated NHRC case status document shows Tamil Nadu labor officials told the commission on July 5 that 6.7 percent of the 33,360 women working at the Foxconn plant were married, without...
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Apple Ships $6 Billion of iPhone Models From India in Big China Shift
The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private. That puts annual exports on track to surpass the about $10 billion of fiscal 2024.
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iPhone Production Crosses $14 Billion in India in Fiscal 2024: Report
Apple has assembled $14 billion worth of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday. Apple now makes as much as 14 percent or about 1 in 7 of its marquee devices from India, the report said, citing people familiar with the matter.
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As iPhone 15 Demand Rises, Apple Eyes Bigger Sales Share In India
Apple is expected to gain a larger share of India's smartphone sales, with the high-end iPhone 15 Pro and Pro Max models accounting for more of its shipments.
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Apple Supplier Foxconn Aims to Double Jobs, Investment in India Over Next 12 Months
Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said on Sunday. Taiwan-based Foxconn, the world's largest contract manufacturer of electronics, has rapidly expanded its presence in India.
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Apple Supplier Foxconn to Start iPhone Production in Bengaluru Plant by April 2024
Apple supplier Foxconn will start manufacturing iPhones in Karnataka by April 2024, the state government said on Thursday. The land for the factory would be handed over to Foxconn by July 1. The project, valued at Rs. 130 billion, is expected to create around 50,000 jobs.
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Apple Now Makes Almost 7 Percent of All iPhone Models in India: Report
Apple has significantly increased its production of iPhones in India, accounting for almost 7 percent of its total iPhone production, up from 1 percent in 2021, Bloomberg News reported on Thursday.
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Apple Wants to Raise India’s iPhone Production Share to 25 Percent, Says Piyush Goyal
Commerce and Industry Minister Piyush Goyal said on Monday that Apple wants India to account for up to 25 percent of its iPhone production. Goyal did not say when Apple wants to meet the target. Cupertino, California-based Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn.
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As iPhone Exports Cross $2.5 Billion, India Gains Big From China
Apple Inc. exported more than $2.5 billion of iPhones from India from April to December, nearly twice the previous fiscal year's total, underscoring how the US tech giant is accelerating a shift from China with geopolitical tensions on the rise.
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Apple Planning To Manufacture iPhone 14 In India: Report
In a bid to diversify its smartphone production from China, American tech giant Apple is set to manufacture some of its iPhone 14 models in India.
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iPhone Price Corrections in India Delivering 'Some Better Results', Says Apple CEO
Tim Cook said that the pricing actions taken on some iPhone models in India have given “some better results.” Apple CEO also stated that India is a challenging market in short term.
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How Apple Is Losing Its Grip on the Indian Market
Apple, facing down a handful of regulatory headaches, lost some of its top executives in India at the start of this year.
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iPhone 7, iPhone 7 Plus, iPhone 6s, iPhone 6s Plus Get Price Cuts in India
iPhone 7, iPhone 7 Plus, iPhone 6s, iPhone 6s Plus price cuts have brought down the prices of the 2015 and 2016 Apple smartphones to a more accessible price point.
-
Apple Supplier Foxconn to Invest $1.5 Billion in India Unit
Foxconn's Singapore-based subsidiary will buy 12.77 billion shares worth 10 rupees apiece, amounting to 127.74 billion rupees ($1.50 billion) in Yuzhan Technology India. The detail was revealed in a filing with the London Stock Exchange.
-
Apple Aims to Build Most iPhones for US in India by End of 2026
Apple is seeking to import most of the iPhones it sells in the US from India by the end of next year. The plans are the latest sign of Apple and its suppliers accelerating a pivot away from China, a process that began when harsh Covid lockdowns hurt production at its largest plant.
-
NHRC Faults Probe of Foxconn Hiring, Orders New Inquiry
The National Human Rights Commission (NHRC) has admonished labor officials for failure to adequately investigate evidence of employment discrimination at Foxconn. An undated NHRC case status document shows Tamil Nadu labor officials told the commission on July 5 that 6.7 percent of the 33,360 women working at the Foxconn plant were married, without...
-
Apple Ships $6 Billion of iPhone Models From India in Big China Shift
The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private. That puts annual exports on track to surpass the about $10 billion of fiscal 2024.
-
iPhone Production Crosses $14 Billion in India in Fiscal 2024: Report
Apple has assembled $14 billion worth of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday. Apple now makes as much as 14 percent or about 1 in 7 of its marquee devices from India, the report said, citing people familiar with the matter.
-
As iPhone 15 Demand Rises, Apple Eyes Bigger Sales Share In India
Apple is expected to gain a larger share of India's smartphone sales, with the high-end iPhone 15 Pro and Pro Max models accounting for more of its shipments.
-
Apple Supplier Foxconn Aims to Double Jobs, Investment in India Over Next 12 Months
Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said on Sunday. Taiwan-based Foxconn, the world's largest contract manufacturer of electronics, has rapidly expanded its presence in India.
-
Apple Supplier Foxconn to Start iPhone Production in Bengaluru Plant by April 2024
Apple supplier Foxconn will start manufacturing iPhones in Karnataka by April 2024, the state government said on Thursday. The land for the factory would be handed over to Foxconn by July 1. The project, valued at Rs. 130 billion, is expected to create around 50,000 jobs.
-
Apple Now Makes Almost 7 Percent of All iPhone Models in India: Report
Apple has significantly increased its production of iPhones in India, accounting for almost 7 percent of its total iPhone production, up from 1 percent in 2021, Bloomberg News reported on Thursday.
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Apple Wants to Raise India’s iPhone Production Share to 25 Percent, Says Piyush Goyal
Commerce and Industry Minister Piyush Goyal said on Monday that Apple wants India to account for up to 25 percent of its iPhone production. Goyal did not say when Apple wants to meet the target. Cupertino, California-based Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn.
-
As iPhone Exports Cross $2.5 Billion, India Gains Big From China
Apple Inc. exported more than $2.5 billion of iPhones from India from April to December, nearly twice the previous fiscal year's total, underscoring how the US tech giant is accelerating a shift from China with geopolitical tensions on the rise.
-
Apple Planning To Manufacture iPhone 14 In India: Report
In a bid to diversify its smartphone production from China, American tech giant Apple is set to manufacture some of its iPhone 14 models in India.
-
iPhone Price Corrections in India Delivering 'Some Better Results', Says Apple CEO
Tim Cook said that the pricing actions taken on some iPhone models in India have given “some better results.” Apple CEO also stated that India is a challenging market in short term.
-
How Apple Is Losing Its Grip on the Indian Market
Apple, facing down a handful of regulatory headaches, lost some of its top executives in India at the start of this year.
-
iPhone 7, iPhone 7 Plus, iPhone 6s, iPhone 6s Plus Get Price Cuts in India
iPhone 7, iPhone 7 Plus, iPhone 6s, iPhone 6s Plus price cuts have brought down the prices of the 2015 and 2016 Apple smartphones to a more accessible price point.
