Burj Khalifa
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Apple iPhone 16 being launched globally from Indian factories, Says Ashwini Vaishnaw
"PM Narendra Modi's 'Make in India' initiative is now driving the creation of iconic products for the world," the minister tweeted over X social media platform. IPhone exports continue to clock around $1 billion each month thanks to the government's production-linked incentive (PLI) scheme.
Enhanced iOS 18 Features and Language Support Tailored for Indian Users by Apple
It also allows choosing Indian numerals, facilitates customizing the time display on the lock screen in 12 languages, font colors, and weights so that users can create personalized Contact Posters.
Apple's iPhone Sales Dip 10% in March Quarter, But Stock Surges Following $110 Billion Buyback
The company also announced an $110 billion stock repurchase plan, significantly higher than the $90 billion it set aside last year. During the earnings call, Tim Cook highlighted that the company had replenished iPhone channel inventory and worked down a significant amount of pent-up demand in the December quarter from COVID-related supply shocks. This helped boost last year's March quarter revenue by about $5 billion, which was a one-time benefit that was not included in this year's quarter.
Apple Witnesses Over 19% Drop in China Phone Sales During Q1
Senior Research Analyst Ivan Lam noted, "Apple’s sales were subdued during the quarter as Huawei’s comeback has directly impacted Apple in the premium segment. Besides, the replacement demand for Apple has been slightly subdued compared to previous years."
Apple's Initiative: Assembling iPhone Camera Modules in India to Reduce Reliance on China
The absence of Indian suppliers for the sophisticated iPhone camera module underscores the potential significance of this move, potentially reducing Apple's reliance on Chinese suppliers.
Tim Cook Spreads Holi Cheer with Vibrant iPhone Capture
In other news, Apple's revenue in India witnessed a significant surge, marking an impressive 42% increase year-on-year, totaling $8.7 billion, as highlighted in a recent report by foreign brokerage Morgan Stanley (NYSE:MS).
Apple doubles pre-orders for new iPhones in India from last year, gears up for bumper Diwali
Apple doubling the pre-orders from last year’s iPhone 14 series indicates the company has made deeper inroads in the Indian smartphone market, driven by the premiumisation trend that is now maturing, uptick in first-time users who are shifting from Android to the Apple ecosystem and a young, aspirational population.
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