CUPERTINO, CALIFORNIA: Apple on Monday unveiled its artificial intelligence-boosted iPhone 16, showing off the long-awaited phone hours after Chinese rival Huawei’s tri-fold phone began racking up orders.“The next generation of iPhone has been designed for Apple Intelligence from the ground up. It marks the beginning of an exciting new era,” chief executive Tim Cook said…
Berkshire Hathaway Inc became the first US company outside of the tech sector to surpass $1 trillion in market value.Shares of Warren Buffett’s conglomerate rose as much as 0.8% on Wednesday to push its market capitalization above the trillion-dollar mark for the first time. The stock has rallied this year on strong insurance results and…
Foxconn, a major global electronics contract manufacturer, has received offers from multiple states in India to establish large-scale industrial facilities. Telangana has proposed providing 2,000 acres for a ‘Foxconn City‘, similar to the company’s existing sites in Taiwan and China, according to Duddilla Sridhar Babu, the state’s IT and industries minister.Additionally, sources told ET that…
Apple‘s operations in India are set to generate a significant number of employment opportunities, with projections indicating that the company’s ecosystem will create up to 600,000 jobs by the end of the current fiscal year. This growth reflects Apple’s aggressive expansion in the country as it aims to diversify its production away from China.According to…
Apple targets Sept 10 for new iPhone launch Source link
Apple’s India business grows in leaps! In FY24, Apple‘s India operations witnessed a remarkable surge, reaching a value of over Rs 2 lakh crore ($23.5 billion), a significant increase from Rs 1.15 lakh crore in the previous year. A significant increase in iPhone production, along with strong domestic sales of MacBooks, iMacs, iPads, Watches, and…
US equities plummeted on Monday, with the Nasdaq and S&P 500 each losing at least 3%, extending the previous week’s sell-off amid concerns of a potential US recession and a significant decline in Apple shares following news that a major investor had reduced its stake in the company.The Nasdaq, S&P 500, and Dow Jones Industrial…
On Wednesday, the S&P 500 and Nasdaq experienced their most significant daily percentage gains since February 22nd, while the Dow also rose. This rally was driven by a surge in chip stocks and the Federal Reserve‘s decision to maintain US interest rates unchanged, while indicating a possible easing in September if inflation cools down.Technology and…
NEW DELHI: Tata group‘s bid to acquire a majority stake in Chinese smartphone giant Vivo’s India business may have stalled after objections by Apple, sources told TOI.Sources said Vivo (FY23 revenue: Rs 30,000 crore) was looking to offload 51% stake in its Indian subsidiary to the Tata group as part of its efforts to ‘Indianise’…
NEW DELHI: Apple is finally set to make Pro series of iPhones in India, in an affirmation to the country’s Make in India initiative. However, there are “no immediate plans” to assemble iPad tablets and MacBook laptops in India for now, sources told TOI. The iPhone Pro devices will be assembled for the first time…
