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Reports suggest that the ED made an "informal" approach to Apple to aid in unlocking the device. However, Apple maintains a firm policy stating it cannot furnish the passcode of an iOS device that is presently locked.

While the specter of antitrust litigation looms over Apple, experts believe that any potential impacts are likely to materialize over the long term rather than the immediate future. Jeff Fieldhack, Research Director, acknowledged the existence of risks but emphasized that any effects on the monetization of the iPhone installed base are not expected in the medium term.

Sources suggest that Apple is now in the process of reorganizing its display engineering teams, along with cutting off numerous positions across the United States and Asia. Despite these developments, Apple has refrained from providing an immediate comment on the matter.

According to the company's statement, the MacBook Air equipped with the M3 chip delivers a significant performance boost, being up to 60 percent faster than its predecessor with the M1 chip and a remarkable 13 times swifter than the fastest Intel-based MacBook Air.

Despite the ban, the Apple Watch Series 9 and Apple Watch Ultra 2 remain available for purchase in the US, albeit with the blood oxygen sensor functionality disabled through software. Pre-ban models, sold before January 18, 2024, retain full blood oxygen detection capabilities.

During Meta's fourth-quarter earnings call, Zuckerberg expressed skepticism about the impact of Apple's changes on Meta, noting, "I don't think that the Apple thing is going to have any difference for us. Because I think that the way they have implemented it, I would be very surprised if any developer chose to go into the alternative app stores that they have."

These modifications, unveiled prior to the EU Digital Markets Act (DMA) in March, mandate developers utilizing third-party app stores to remit 0.50 euro for each annual app installation after reaching 1 million downloads.

The growth is attributed to the premiumization trend in India, with the iPhone 15 benefiting from this trend. The continued significance of older generation iPhones, including the iPhone 14 and 13 series, is seen as a result of Apple's affordability initiatives and targeted retail strategies that appeal to a broader spectrum of Indian consumers.

Competing closely, Vivo, OPPO, and Honor each held a 16% market share, with annual shipments of 44.5 million, 43.9 million, and 43.6 million units, respectively, according to a report from Canalys, a market research firm. Xiaomi secured the fifth position with a 13% market share.