Sankalp Phartiyal Bloomberg
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Apple In Talks With Banks To Start Payment Service In India
Apple Inc. is in discussions with key Indian banks and global card networks in preparation to start Apple Pay in the world's most populous country.
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Apple's India Sales Skyrocket To Record $9 Billion After Big Retail Push
Apple Inc.'s annual sales in India hit a record of nearly $9 billion in the last fiscal year, signalling growing consumer demand for its flagship devices as the company ramps up its retail footprint in the world's most populous country.
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US President Donald Trump Asks Apple to Stop Moving iPhone Production to India
US President Donald Trump has asked Apple CEO Tim Cook to stop building plants in India to make iPhones for the US. Trump’s comments threaten to throw a wrench into Apple’s plan to import most of the iPhones it sells in the US from India by the end of next year, accelerating a shift beyond China to mitigate risks related to tariffs and geopolit...
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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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Apple India Produces $22 Billion of iPhones in Shift From China
Apple assembled $22 billion (roughly Rs. 1,89,412 crore) worth of iPhones in India in the 12 months ended March. The Cupertino, California-headquartered company now makes 20 percent, or one in five, of its prized iPhones in the South Asian country, according to people familiar with the matter
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Apple Exported $17 Billion in iPhones From India Last Year, Minister Says
US President Donald Trump’s levies on China — and his threat to impose a further 50 percent tariff — could push Apple to move more manufacturing toward India and countries in Southeast Asia. Still, a complete shift away from the company’s longtime manufacturing hub is unlikely in the short term.
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India Tech Startups Worth $100 Billion Seen Seeking IPOs by 2027
More than three dozen tech startups with a combined valuation of $100 billion are set to go public by 2027 in what would mark a rebound in stock sales in India, according to one of the countrys top deal advisers to internet companies.
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Foxconn, Dixon Said to Urge Government to Pay Pending Production Subsidies
Foxconn Technology Group and Dixon Technologies India Ltd. are asking the government to pay them billions of rupees in subsidies they think they are entitled to under the government’s production incentives program. India’s technology ministry has not responded to the related queries.
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Government Said to Plan Near $3 Billion Aid, Tariff Cuts for Electronics
India’s government is considering fresh subsidies for electronic component-makers and cutting tariffs on imports to help boost local manufacturing. A final decision on the proposals will be made by the cabinet, and if approved, details may be announced in the government’s upcoming budget in February, people familiar with the matter said.
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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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Apple In Talks With Banks To Start Payment Service In India
Apple Inc. is in discussions with key Indian banks and global card networks in preparation to start Apple Pay in the world's most populous country.
-
Apple's India Sales Skyrocket To Record $9 Billion After Big Retail Push
Apple Inc.'s annual sales in India hit a record of nearly $9 billion in the last fiscal year, signalling growing consumer demand for its flagship devices as the company ramps up its retail footprint in the world's most populous country.
-
US President Donald Trump Asks Apple to Stop Moving iPhone Production to India
US President Donald Trump has asked Apple CEO Tim Cook to stop building plants in India to make iPhones for the US. Trump’s comments threaten to throw a wrench into Apple’s plan to import most of the iPhones it sells in the US from India by the end of next year, accelerating a shift beyond China to mitigate risks related to tariffs and geopolit...
-
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.
-
Apple India Produces $22 Billion of iPhones in Shift From China
Apple assembled $22 billion (roughly Rs. 1,89,412 crore) worth of iPhones in India in the 12 months ended March. The Cupertino, California-headquartered company now makes 20 percent, or one in five, of its prized iPhones in the South Asian country, according to people familiar with the matter
-
Apple Exported $17 Billion in iPhones From India Last Year, Minister Says
US President Donald Trump’s levies on China — and his threat to impose a further 50 percent tariff — could push Apple to move more manufacturing toward India and countries in Southeast Asia. Still, a complete shift away from the company’s longtime manufacturing hub is unlikely in the short term.
-
India Tech Startups Worth $100 Billion Seen Seeking IPOs by 2027
More than three dozen tech startups with a combined valuation of $100 billion are set to go public by 2027 in what would mark a rebound in stock sales in India, according to one of the countrys top deal advisers to internet companies.
-
Foxconn, Dixon Said to Urge Government to Pay Pending Production Subsidies
Foxconn Technology Group and Dixon Technologies India Ltd. are asking the government to pay them billions of rupees in subsidies they think they are entitled to under the government’s production incentives program. India’s technology ministry has not responded to the related queries.
-
Government Said to Plan Near $3 Billion Aid, Tariff Cuts for Electronics
India’s government is considering fresh subsidies for electronic component-makers and cutting tariffs on imports to help boost local manufacturing. A final decision on the proposals will be made by the cabinet, and if approved, details may be announced in the government’s upcoming budget in February, people familiar with the matter said.
-
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.
