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Apple Will Have to Re-submit Its Application For Opening Retail Stores in India

22Jun By Press Trust of IndiaNo Comments

News

Apple Will Have to Re-submit Its Application For Opening Retail Stores in India

US technology giant Apple Inc will have to re-submit its application for opening single brand retail trade stores in the country and issues concerning "cutting edge" technology will be settled by the concerned administrative ministry, an official said. In light of the changes in the FDI policy announced yesterday, the official said, Apple will have to submit fresh application for opening single brand retail stores to seek exemption from local sourcing norms. Under the modified single brand FDI policy, companies using cutting edge technology will be exempted from meeting the local sourcing norm for first three years. Thereafter, in the next five years the company will have to meet the domestic sourcing norm at an annualised average rate of 30 per cent. "After a proposal comes to th...

India Opens The Door For Apple Stores in New FDI Rules

20Jun By AnkitaNo Comments

News

India Opens The Door For Apple Stores in New FDI Rules

Apple Inc could open its first stores in India and might eventually start manufacturing in the country under new foreign investment rules for retailers outlined on Monday. The new rules exempt foreign retailers for three years from a requirement to source 30 percent of the goods sold in company-owned stores locally. That would allow Apple, which currently sells its iPhones, iMacs and iPads through resellers, to set up its own shops in India, ending months of uncertainty for the California-based company that had first applied for store licenses in January. India is the world's fastest growing large smartphone market with sales expected to rise over 25 percent this year. For Apple, which has less than a two percent share in the smartphone market in the country, gaining a bigger footp...

Meet Anvitha Vijay – A 9 Year Old Girl and Youngest Attendee at Apples Developer Conference

14Jun By NitishNo Comments

Story

Meet Anvitha Vijay – A 9 Year Old Girl and Youngest Attendee at Apples Developer Conference

A nine-year-old Indian-origin girl anvitha vijay has earned the distinction of being the youngest app developer at Apples annual developer conference with her apps for children and she now dreams of meeting the tech giants CEO Tim Cook. Anvitha Vijay from Australia is the youngest attendee at WWDC 2016 in San Francisco and has already built several apps for iPhone and iPad, a report in Fortune said. Anvitha Vijay spent a year watching free coding tutorials on YouTube and the web, and learned how to program. "Coding was so challenging. But Im so glad I stuck with it," she said. Anvitha Vijay, who has been developing apps about empowering children, hopes to meet Cook during the conference. "Its my dream to go to WWDC and meet Tim Cok," she said. Vijay is attending WWDC as p...

Exclusive: Apple Explores Charging Stations For Electric Vehicles

26May By reutersNo Comments

News

Exclusive: Apple Explores Charging Stations For Electric Vehicles

Apple is investigating how to charge electric cars, talking to charging station companies and hiring engineers with expertise in the area, according to the sources. The moves show Apple responding to a key shortcoming of electric vehicles: "filling up" the batteries. A shortage of public charging stations, and the hours wasted in charging a car, could be an opportunity for Apple, whose simple designs have transformed consumer electronics. Apple, which has never publicly acknowledged a car project, declined to comment for this story. Last year Apple was studying a self-driving electric vehicle (EV), as the Silicon Valley icon looks for new sources of revenue amid a maturing market for its iPhone. It is unclear whether Apple would want its own proprietary technology, such as Tesla M...

24May By Press Trust of IndiaNo Comments

CHINA

China Apprehensive of Tim Cook’s Plans For India: Chinese Media

As Apple CEO Tim Cook spoke of plans to expand manufacturing operations in India, China apprehends that it could lead to possible exodus of Apple production chain and loss of tens of thousands of jobs, Chinese state-run media said. "It seems the time has come for China to consider whether it is ready for the possible exodus of Apple Inc's production chain," an article in Global Times said, referring to Cook's comments during his India tour. Cook had discussed with Prime Minister Narendra Modi the "possibilities of manufacturing". "Cook shared Apple Inc's future plans for India. He spoke of the possibilities of manufacturing and retailing in India. He appreciated the breadth of young talent in India and said the youth have significant skills which Apple would like to tap," an offic...

Apples Cook Meets PM Modi, Concluded a Four Day Trip to India

21May By AnkitaNo Comments

News

Apples Cook Meets PM Modi, Concluded a Four Day Trip to India

On last day of his maiden trip to India, Apple CEO met PM Modi on Saturday. Showing interest in making Apple products in India, the global technology giants chief Tim Cook discussed with Prime Minister Narendra Modi the "possibilities of manufacturing" and tapping the young talent pool in the country. On his maiden visit to India, the Apple CEO also discussed with Modi issues regarding cyber-security and data encryption. "Cook shared Apple Incs future plans for India. He spoke of the possibilities of manufacturing and retailing in India. He appreciated the breadth of young talent in India and said the youth have significant skills which Apple would like to tap," an official statement said. The head of the US-based Apple, which makes iconic iPhones and Mac computers, has al...

Cook Inaugurates Apple Maps Development Office in Hyderabad

19May By NitishNo Comments

News

Cook Inaugurates Apple Maps Development Office in Hyderabad

Apple Inc today announced the opening of a new office here that will focus on development of Maps for its products including iPhone, iPad, Mac and Apple Watch. The Californian tech giant said in a statement that this investment will accelerate Maps development and create up to 4,000 jobs. The company, however, did not disclose the quantum of investment that it intends to invest on the facility. "We are thrilled to open this new office in Hyderabad which will focus on Maps development," Cook said. "The talent here in the local area is incredible and we are looking forward to expanding our relationships and introducing more universities and partners to our platforms as we scale our operations," he said. Apple has been continually updating and adding new features to Maps includ...

Apple Announced D&D Accelerator Center in Bengaluru, Zomato Founder said Excellent Opportunity

18May By AdityaNo Comments

News

Apple Announced D&D Accelerator Center in Bengaluru, Zomato Founder said Excellent Opportunity

Tech giant Apple on Wednesday announced a new initiative to support engineering talent and accelerate growth in India's iOS developer community. Apple CEO Tim Cook, who landed in India late on Tuesday said the company would establish a Design and Development Accelerator in Bengaluru, the home of India's startup scene. Tens of thousands of developers in India make apps for iOS, the world's most powerful mobile operating system and the foundation for iPhone, iPad and iPod touch. This initiative will provide additional, specialised support for them. Apple's team will work to inspire and instruct developers on best practices, help them hone their skills and transform the design, quality and performance of their apps on the iOS platform. "India is home to one of the most vibrant and e...

Why Did Apple Invest $1billion in Didi (China)?

18May By NitishNo Comments

Story

Why Did Apple Invest $1billion in Didi (China)?

From last 2-3 days, we were discussing a topic daily in our team meeting that Why Apple invested $1Billion in Chinese Taxi aggregator Didi xihuang? Why an iPhone maker company changes its strategy? Is this a master stroke from Apple to convince chinese government that they are not US based company only? Or Apple wants to show chinese people that they are ready to invests on chinese people on the theory of "if you care about us, we care about you"? Or A Gameplan from chinese government to show the world that how world's most innovative smartphone company depended heavily on China? Yesterday, I was watching a youtube video of Jack Ma (Alibaba founder) speech in Harward university, where he said that at business point both country's China and America should support and mai...

16May By PriyankaNo Comments

FUNDING

Apple Raises One Billion Funding From Warren Buffett Led Company Berkshire Hathaway

Warren Buffett's Berkshire Hathaway Inc revealed a more than $1 billion stake in Apple Inc, a rare foray into the technology sector that the billionaire has largely shunned, apart from a poorly performing investment in IBM. Shares of Apple got a boost from the Berkshire imprimatur, rising more than 3 percent on Monday. Berkshire made its investment in the first quarter, before the iPhone maker in April reported its first quarterly revenue decline in 13 years. In a regulatory filing detailing most of its stock holdings, Berkshire said it held 9.81 million Apple shares worth $1.07 billion as of March 31. The value has since fallen into the low $900 million range. Berkshire's largest technology bet has been Buffett's $12 billion stake in International Business Machines Corp. Apple...

13May By reutersNo Comments

FUNDING

Apple Invests $1 Billion in Chinese Ride-Hailing Service Didi Chuxing

Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market. The tech giant's rare investment gives it a stake in two burgeoning waves of technology - the sharing economy and car technology - as the iPhone business that propelled it to record profitability shows signs of maturing. Apple is trying to reinvigorate sales in China, where it has come under greater pressure from regulators, and Cook is traveling to the country this month. The move aligns Apple with Uber Technologies Inc's chief rival in China, as automakers and technology companies forge new alliances and make cross investments. General Motors, for example, recently...

13May By Press Trust of IndiaNo Comments

INDIA

India Has Tools To Tackle iPhone Encryption: Ravi Shankar Prasad

As Apple slugs it out with FBI on privacy issues, Indian govt has said strong encryption technology to secure data and communications in smartphones, including those made by the US-based firm, is a challenge for law enforcement agencies. It said however that a tool for mobile forensics has been developed to handle smartphones including Apple. "Smartphones including phones by Apple employ strong encryption to secure the data stored and to protect the communication. Such Encryption technologies pose challenges to Law Enforcement Agencies throughout the world including India,"telecom minister Ravi Shankar Prasad said in a reply to the Rajya Sabha. He said the government has taken note of media reports about the dispute between the United States Federal Bureau of Investigation and App...