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The growth underscores Apple’s deepening market penetration and an increasingly localised India strategy
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According to Canalys data, Apple’s tablet market share jumped to 16%, registering a 27% year-on-year growth, making it the second-largest tablet brand in India
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“The five largest holdings… were American Express Company, Apple Inc., Bank of America Corporation, The Coca-Cola Company and Chevron Corporation,” stated the first quarter report released by the company.
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Apple is betting that a breakthrough new interface can help spur demand after a sluggish stretch. Its revenue slowed following a pandemic-era surge in technology spending, and growth is only returning gradually. Apple’s iPhone — its biggest moneymaker — suffered a surprise dip in sales during the most recent holiday season.
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Corporate pledges have become a Trump tradition. Around the start of Trump’s first term eight years ago, the Japanese investment giant SoftBank Group Corp. made a staggering commitment to invest $50 billion in the US that, it said, would create 50,000 jobs.
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Apple’s stance comes at a time when every other big tech company has altered their DEI program, following US president Donald Trump taking office.
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Tim Cook’s company risks being caught in the middle of an escalating trade fight between the US and China, with Trump’s 10% tariff on Chinese-made goods posing a challenge for Apple as it seeks to address sluggish iPhone sales.
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Domestic content rules require Apple to produce part of their smartphones or components onshore, while the AirTag is only an accessory, Minister Agus Gumiwang Kartasasmita said in a briefing on Wednesday.
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The product, code-named J490, also will spotlight the new Apple Intelligence AI platform, said the people, who asked not to be identified because the work is confidential.
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Discussions were held between Apple and its vendors and central and state governments, regarding the assembly of products in India, the report added.
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The initiative, code-named Atlas, got underway last week and involves gathering feedback from Apple employees on smart glasses, according to people with knowledge of the matter.
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Apple is expanding its manufacturing network in India at a rapid clip, taking advantage of local subsidies, a skilled workforce and advances in the country’s technological capabilities.
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CERT-In has flagged critical vulnerabilities in Apple products, urging users to update their software immediately to prevent data breaches, code execution, and other security threats.
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Apple has made big claims about its Apple Intelligence models being trained on licensed data along with publicly available data collected by its web-crawler.
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As of Tuesday close, Nvidia's market capitalization stands at $2.85 trillion, just behind Apple Inc - world's second largest company - at $2.93 trillion mcap.
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From China's attempts to end the property crisis, OpenAI dissolving its Superalignment team, China's Nio challenging Tesla with Onvo, and ByteDance seeking to expedite its TikTok lawsuit, here's a look at recent business developments around the world.
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Google Gemini in iPhone update: In a separate post on X (formerly Twitter), Mark Gurman has shared that Apple’s set of in-house AI features — a huge part of iOS 18 — are called “Project Graymatter” internally. These are separate from the Gemini-powered Generative AI features under discussion.
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Minister of State for Electronics and IT Rajeev Chandrasekhar said the government has asked Apple two questions: whether their devices are safe, and if so the reason for the alert was sent to opposition members.
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The world's largest contract chipmaker said that high demand for artificial intelligence (AI) and its position as the largest manufacturer of AI chips has not offset broader end market weakness as the global economy recovers more slowly than it had expected.
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The world's most valuable listed company was last up 1.2% at $183.25 in early trading.
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TSMC's decision to invest an unprecedented sum into US and Europe factories followed key clients such as Apple Inc. and Nvidia Corp. telling the chipmaker, either implicitly or explicitly, that they will buy from these new factories
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With $5 billion of iPhone exports out of India, expected to go up to 25 percent of Apple’s entire production line of the smartphone by 2025, India has finally hit the sweet spot in the supply chain of the world’s most valuable company
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India Cellular and Electronics Association (ICEA) said that mobile phone export from India has doubled to surpass Rs 90,000 crore, about $11.12 billion, in the financial year (FY) 2022-23 from Rs 45,000 crore in FY22.
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Apple Inc on April 5 revealed the look of its first retail store in India, as several people tried to catch a glimpse outside the store's black and yellow artwork patterned after Mumbai's iconic taxis.
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Pegatron plans to add a second facility near the southern city of Chennai in Tamil Nadu state, just six months after opening the first with an investment of $150 million, said the sources, who sought anonymity as the talks are private.
