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Electronic Giants like Samsung, LG set to make India hub of exports
These companies in India were only exporting their product to smaller emerging markets like Middle East, South-Asian, African and Latin American nations, while the govt had been trying to make India Self Reliant in production for both the domestic and global markets.
'Feel very good about trajectory in India': Apple CEO Tim Cook on company's 100% growth in December 2020 quarter
Cook pointed out that Apple's business doubled in India and added that the management feels very good about the trajectory. However, he also acknowledged that the company's share is quite low in India. The company has recorded a record revenue of $111.4 billion which is higher by 21% on a year-over-year basis. The new iPhone 12 and iPads have significantly helped in raising the numbers.
Apple rules festive quarter as global shipments grow in Q4: IDC
Apple delivered a phenomenal performance in the December quarter, returning to the top position with 90.1 million devices shipped, driven by the success of the iPhone 12 series, according to preliminary data from the IDC's ‘Worldwide Quarterly Mobile Phone Tracker'.
Apple faces $73mn lawsuit in Europe over throttling iPhones
According to TechCrunch, the class-action lawsuit — a third in Europe -- filed by a consumer advocacy group in Italy seeks nearly $73 million in compensation for owners of iPhone 6, 6 Plus, 6S, and 6S Plus models sold in the country between 2014 and 2020.
Apple doubled its India smartphone market share in Q4 2020
Despite arriving in October, the iPhone 12 contributed significantly towards the rise of Apple in Q4 (October-December) in the country, according to data provided by market intelligence firm CyberMedia Research (CMR). The tech giant registered over 60 per cent growth (yea-on-year) in its India business in the full year 2020 while for the festive quarter, the growth was an impressive 100 per cent (YoY).
Apple made $64 bn from App Store in Covid-hit 2020: Report
According to an analysis by CNBC, this marks a solid growth for the App Store since the estimated increase between 2018 and 2019 was only 3.1 per cent.
iPhone shipments to hit record quarter with 21% growth: Report
Record iPhone shipments for the fourth quarter will be driven not only by North America but also India, China, Japan, and countries in Europe, said the report. These include pent up demand for a new 5G iPhone with both operators and consumers hungry for the new iPhone products, attractive prices on the iPhone 12 aided by bountiful promotional offers.
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