Tag: iphone india

Apple to manufacture more than 50 mn iPhones, 25 pct of its annual global production in India
8Dec By adminNo Comments
Technology

Apple to manufacture more than 50 mn iPhones, 25 pct of its annual global production in India

[ad_1] Apple has major plans for India. According to a report, Apple and its suppliers will manufacture as many as 50 million units of iPhone each year. This number will be as much as one-fourth or 25 percent of the global production of iPhones. The factories in India will be ramped up to meet the production demand in the next two to three years. The production quantity is expected to be increased even further, once the current plan is reached. After that additional tens of millions of units of iPhones will be added to the lineup.The information comes from a report by the Wall Street Journal, which stated, “Apple and its suppliers, led by Taiwan-based Foxconn Technology Group, generally believe the initial push into India has gone well and are laying the groundwork for a bigger expansio...
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Tata officially becomes first Indian iPhone manufacturer; Wistron approves the sale
27Oct By adminNo Comments
Technology

Tata officially becomes first Indian iPhone manufacturer; Wistron approves the sale

[ad_1] In yet another proud moment for India, Tata Group has agreed on a deal to purchase Wistrom Corp.'s Karnataka plant, becoming the first Indian iPhone manufacturer. This is the latest move in India's bid to become a global manufacturer catering to not just its citizens, but to the world. iPhones are already been manufactured in India but at the Taiwanese technology company Foxconn's plant. With this move, Tata has officially become the first Indian company to make iPhones in the country.Tata becomes India's first iPhone makerAccording to a Bloomberg report, Wistrom's board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd for a sum of approximately $125 million. The unit operates an iPhone assembly plant near Bengaluru, a person familiar with the matter said. ...
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iPhone production halted after fire breaks out in Pegatron plant near Chennai
25Sep By adminNo Comments
Technology

iPhone production halted after fire breaks out in Pegatron plant near Chennai

[ad_1] Pegatron, an Apple iPhone manufacturer, on Monday suspended iPhone assembly at its facility near Chennai, Tamil Nadu, due to a fire incident. The incident happened on Sunday night, three sources told Reuters. Pegatron, a Taiwanese firm, called off all shifts for the day at the factory. Workers are yet to be informed whether the facility will function on Tuesday. Pegatron in a statement told Reuters that "there was a spark incident" at the facility that is currently under control, and the incident "does not have significant financial or operational impact" for the company.Apple did not respond to a request for comment. That the fire was serious enough is clear from the fact that multiple fire engines from various stations had to be brought in to douse the fire, taking nearly five ...
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Foxconn to make iPhones in India’s Karnataka by next April – State govt
2Jun By adminNo Comments
Technology

Foxconn to make iPhones in India’s Karnataka by next April – State govt

[ad_1] Apple Inc supplier Foxconn will start manufacturing iPhones in the southern Indian state of 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 government said, adding that the project, valued at 130 billion rupees ($1.59 billion), is expected to create around 50,000 jobs. Foxconn, the world's largest contract electronics manufacturer, has set a target of manufacturing 20 million iPhones a year at the plant in Devanahalli, on the outskirts of state capital and tech hub Bengaluru. Apple has been shifting production away from China after the country's strict COVID-related restrictions disrupted the production of new iPhones and other devices in the country. The tech giant is also looking to avoid a h...
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Apple Q2: CEO Tim Cook on India, all-time record for Services and March quarter record for iPhone
5May By adminNo Comments
Technology

Apple Q2: CEO Tim Cook on India, all-time record for Services and March quarter record for iPhone

[ad_1] In its financial results for the fiscal 2023 second quarter ended April 1, 2023, Apple today reported a quarterly revenue of $94.8 billion, which was down 3 percent year over year. However, the quarterly earnings per diluted share of $1.52, is unchanged year over year.Tim Cook said, "Today, we're reporting revenue of $94.8 billion for the March quarter, which was better than our expectations. We set an all-time record for Services and a March quarter record for iPhone. We were particularly pleased with the performance we saw in emerging markets and achieved all-time records in Mexico, Indonesia, the Philippines, Saudi Arabia, Turkey and the UAE, as well as a number of March quarter records, including in Brazil, Malaysia and India." As for the highlights of the quarter, Cook said,...
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From iPhone 3G to first retail store: Apple’s 15-year journey in India
18Apr By adminNo Comments
Technology

From iPhone 3G to first retail store: Apple’s 15-year journey in India

[ad_1] It took Apple Inc 15 years from when it first started selling its iPhone in India to having a company-run retail store in now the world's second-biggest smartphone market, one where it has faced several business challenges.As Apple opens its first stores, here is a timeline of its journey in India, where the U.S. firm's contract manufacturers are increasingly making iPhones. August 2008: iPhone 3G made its debut in India minus the mass hysteria and winding queues that had marked its launch in the U.S., Europe and parts of Asia. January 2016: Apple files an application with India's government to set up its own stores in India.May 2016: Apple chief Tim Cook met Indian Prime Minister Narendra Modi in New Delhi for the first time as the company looks at plotting an expansion strategy...
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Tim Cook on culture in India, jobs, Apple stores in Mumbai, Delhi and much more
17Apr By adminNo Comments
Technology

Tim Cook on culture in India, jobs, Apple stores in Mumbai, Delhi and much more

[ad_1] Apple says it marks a major expansion plan of the company. The two Apple stores are coming up in Mumbai and Delhi. "This week, the company is marking a major expansion with the opening of its first Apple Store locations in the country, along with new environmental initiatives and a key milestone in the rapidly growing community of Indian developers," Apple revealed.Apple will open its first store on April 18 in Mumbai which will be immediately followed by launch of its second official store in Delhi on April 20. Both the stores have been designed to resonate with local look and feel, Apple said. "India has such a beautiful culture and an incredible energy, and we are excited to build on our long-standing history — supporting our customers, investing in local communities, and work...
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Apple CEO Tim Cook to inaugurate first-ever Apple stores in Mumbai, Delhi
11Apr By adminNo Comments
Technology

Apple CEO Tim Cook to inaugurate first-ever Apple stores in Mumbai, Delhi

[ad_1] It has been seven years since Apple CEO Tim Cook last visited India. Cook visited the country in 2016, the year iPhone 7 series was launched. But now, that is set to change as reports have revealed that the Apple CEO will visit India again next week to inaugurate the country's first-ever Apple stores in Mumbai and Delhi. The visit also comes at a time when Apple is aiming to capture a greater share of the Indian market and bolster its expansion plans into the nation as an alternative to China.The information comes from a Bloomberg report which stated that Cook has scheduled a trip to India next week. He will first be visiting Mumbai during his trip to inaugurate the Apple Store BKC, Mumbai on April 18 and he is likely to visit the Delhi Apple Store in Saket which is set to open o...
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Made-in-India iPhones increase as Apple shifts production from China
10Apr By adminNo Comments
Technology

Made-in-India iPhones increase as Apple shifts production from China

[ad_1] iPhones made in India increased in volume and value last year as Apple moved to shift some of its production away from China to diversify its supply chain, South China Morning Post reported.In 2022, the shipment volumes of iPhones manufactured in India increased by 65 per cent year on year. In addition, the value of iPhones rose by 162 per cent, South China Morning Post reported citing a report published by market research firm Counterpoint last week. Last year, Apple accounted for 25 per cent of the value of India's total smartphone shipments, which shows a rise from 12 per cent in 2021, the SCMP reported citing the Counterpoint. China manufactures up to 85 per cent of iPhones around the world, Xinmei Shen said in the South China Morning Post report. However, Beijing faces the r...
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Foxconn says no ‘definitive agreements’ for new India investment
5Mar By adminNo Comments
Technology

Foxconn says no ‘definitive agreements’ for new India investment

[ad_1] Taiwanese tech giant Foxconn confirmed on Saturday that its chairman had visited India, but denied it had "entered into any binding, definitive agreements" after reports saying it was planning new investments in the country. Also known by its official name, Hon Hai Precision Industry, Foxconn is the world's biggest contract electronics manufacturer and a principal assembler of Apple iPhones. Both companies are seeking to diversify away from China, where much of their manufacturing is based, after strict Covid policies last year and ongoing diplomatic tensions with the United States hurt production. Foxconn said in a statement on Saturday that no deals had been finalised during chairman and CEO Young Liu's visit to India from February 27 to March 4. "Foxconn has not enter...
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