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Tata Group likely to takeover of iPhone maker plant Wistron

11Jan By AnkitaNo Comments

News

Tata Group likely to takeover of iPhone maker plant Wistron

Bengaluru, 11th Jan 2023- Tata Group succeeding with its bid to take over an iPhone assembly plant in Bengaluru, India. That would give a boost to the country’s ambitions to become an electronics manufacturing hub. The $128 billion Tata Group has been in talks for months with Apple Inc.’s Taiwanese supplier Wistron Corp. and is looking to seal the purchase of its assembly factory near Bangalore by the end of March. The salt-to-airline conglomerate has been expanding its presence in technology, and India’s government has taken steps to challenge China’s dominance in electronics. As per the discussions, Tata Group is likely to oversee the main manufacturing operation, with support from Wistron. It may be noted that neither Tata Group or Wistron Corp has given any public statements reg...

19Aug By PriyankaNo Comments

BUSINESS

Apple Market Value Reaches at USD 2 Trillion

New York, Aug 19, 2020: Apple is the first US company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion. Apple shares have gained nearly 60 per cent this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic. The company's hugely loyal customer base trusts its products so much that they continued to buy iPhones and other devices online while stuck at home. Apple recently reported blowout earnings for the April-June quarter, An upcoming four-for-one stock split that will make Apple's shares more affordable to more investors also sparked a rally after it was announced three weeks ago. Apple has been at the vanguard of a group of...

Apple acquired Mobeewave to turn iPhones into payment terminals

1Aug By PriyankaNo Comments

ACQUISITION

Apple acquired Mobeewave to turn iPhones into payment terminals

According to Bloomberg, iPhone maker Apple acquires payment startup Mobeewave technology for $100 million. The Mobeewave team will continue to work from its main office in Montreal. Mobeewave lets shoppers tap a credit card or smartphone on another phone to process a payment. After this acquisition iPhone users could use it as a payment terminal with no additional hardware required. Apple in its statement said, "Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans." In 2014, Apple added Apple Pay to the iPhone allowing users to pay for physical goods with a tap in retail stores. Last year, it launched its own credit card known as Apple Card. As per the report, the acquisition has the potential to allow Apple to com...

Apple Posts 11% increase in revenue in Q3 2020

31Jul By PriyankaNo Comments

Market

Apple Posts 11% increase in revenue in Q3 2020

CUPERTINO, Calif., 31st 2020-- Apple announced financial results for Q3 2020 and posted quarterly revenue of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent. 60 percent of the quarter’s revenue came from International sales. “Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments,” said Tim Cook, Apple’s CEO. “In uncertain times, this performance is a testament to the important role our products play in our customers’ lives and to Apple’s relentless innovation. This is a challenging moment for our communities, and, from Apple’s new $100 million Racial Equity and Justice Initiative to a new commitment to be carbon neu...

24Jul By AnkitaNo Comments

INDIA

Apple starts iPhone 11 manufacturing in India

New Delhi, Jul 24, 2020: Apple has started its latest iPhone 11 manufacturing at Foxconn's facility in Tamil Nadu, according to official sources. This is the fifth model of iPhone which Apple has started manufacturing in the country. '2020 - iPhone 11, 2019 - iPhone 7 & XR, 2018 - iPhone 6S, 2017 - iPhone SE. This chronology is a statement in itself as to how narendramodi govt. has developed the mobile phone manufacturing ecosystem in India. It's only a humble beginning,' Indian Telecom and IT minister Ravi Shankar Prasad said in a tweet. An Electronics and IT Ministry official said 'Apple's latest iPhone is now getting manufactured from India'. According to industry sources aware of the development said that Foxconn has been assembling iPhone 11 at the Sriperumbudur facil...

Apple acquires Fleetsmith to improve Mac, iPad, and iPhone performance

25Jun By NitishNo Comments

ACQUISITION

Apple acquires Fleetsmith to improve Mac, iPad, and iPhone performance

iPhone maker Apple has acquired San Francisco-based Fleetsmith to improve business's Mac and iPad devices. Fleetsmith automates device setup, intelligence, patching, and security, for your company's Macs, iPhones, iPads, and Apple TVs. The acquisition by Apple into the mobile device management industry, a category of business software dominated by players such as Microsoft Corp and VMware Inc. Fleetsmith announced the acquisition deal in a blog post. The deal size has not been disclosed. "Our mission from day one was to balance the needs of IT with the experience users love about Macs, iPhones, and iPads. We’re beyond thrilled to continue that work at Apple." Fleetsmith said. Founded in 2016 by Jesse Endahl, Ken Kouot, Stevie Hryciw, Zack Blum, Fleetsmith raises over $40 ...

Apple rolls out cheaper iPhone SE Costing $399

16Apr By AdityaNo Comments

Tech

Apple rolls out cheaper iPhone SE Costing $399

Apple is releasing a new iPhone that will be vastly cheaper than the models it rolled out last fall at a time when the economy was booming and the pandemic had yet to force people to rethink their spending. The second-generation iPhone SE introduced Wednesday will sell for as little as $399, a 40% markdown from the most affordable iPhone 11 unveiled last year. Higher-end versions of the iPhone 11 sell for more than $1,000. Online orders for the iPhone SE will begin Friday, with the first deliveries expected April 24. Even before the pandemic, many people had begun to balk at the substantial price tags for smartphones that weren't that much better than the ones they already owned. That pushed Apple to step up its emphasis on music and video services to the more than 1 billion people ...

Apple to miss Revenue forecast as iPhone supply hit by Coronavirus

18Feb By PriyankaNo Comments

News

Apple to miss Revenue forecast as iPhone supply hit by Coronavirus

Apple is to miss its revenue forecast for the March quarter due to the coronavirus epidemic, warning that iPhone supplies worldwide would also be impacted, underlining the economic cost of the health crisis. The COVID-19 virus death toll now exceeds 1,800 in China, where it has infected more than 72,000 after emerging in the central province of Hubei in December. The virus has sparked global economic jitters, travel bans and the cancellation of high-profile sporting and cultural events. "We are experiencing a slower return to normal conditions than we had anticipated," Apple said in a statement. "As a result, we do not expect to meet the revenue guidance we provided for the March quarter." Apple had forecast revenue of $63 billion to $67 billion for the second quarter to March...

Turkish Hacker blackmailed Apple, Gain Access of 300mn iPhones

23Dec By PriyankaNo Comments

News

Turkish Hacker blackmailed Apple, Gain Access of 300mn iPhones

San Francisco, 23rd Dec. 2019: A self-proclaimed hacker who held over 300 million iPhones to ransom after gaining access to their iCloud details and threatening to factory reset their iPhones has pleaded guilty to blackmailing the Cupertino-based tech giant. Kerem Albayrak, 22, claiming to be a member of the 'Turkish Crime Family' hacking group, tried to blackmail Apple after threatening to delete hundreds of millions of Apple accounts, Forbes reported on Sunday. Albayrak was sentenced last week to two-year suspended jail term, along with 300 hours of unpaid work and an electronic curfew for six months, at Southwark Crown Court in London. "While iPhone users have recently been warned that they need to update to iOS 13.3 or risk getting locked out of their devices, Albayrak propos...

How to Fix Your Cracked iPhone Screen? Apple has Solution for it

30Aug By AdityaNo Comments

News

How to Fix Your Cracked iPhone Screen? Apple has Solution for it

30 August, 2019- Apple is loosening its grip on how its products are repaired to give customers more options for fixing cracked screens and other defects on their older iPhones. Under the new policy announced Thursday, Apple will begin selling its tools and parts to more independent phone-repair shops in the U.S. Apple will expand that to other countries later. Repairs at these shops, though, will be limited to iPhones already out of warranty. IPhones still under warranty must still be taken to an Apple store or one of more than 5,000 service providers that the company already has authorized worldwide. That includes all Best Buy stores in the U.S. Those who have other devices, such as the Apple Watch and Mac computer, or an iPhone requiring more complicated repairs will also have to...

Apple Credit Card Launched For Mobile Users

7Aug By PriyankaNo Comments

Tech

Apple Credit Card Launched For Mobile Users

NEWYORK, 7th Aug 2019-- iPhone maker Apple launched its own credit card, designed primarily for mobile users. Apple announced the card in March in a partnership with Goldman Sachs. On Tuesday, some iPhone users who requested a notification about Apple Card will get invites to apply through Apple's Wallet app. The company plans to expand sign-ups more broadly in the coming weeks. The card is available only in the US. The company promises quick sign-ups and the elimination of most fees. Customers typically get 2 percent cash back when using Apple's app to pay. Industry experts, though, say that the financial benefits of Apple Card mirror many of those already out there for consumers. What sets Apple Card apart from other cards is its reliance on the iPhone. Though customers can...

Qualcomm expects $4.5 to $4.7 bn revenue including a settlement with Apple

2May By PriyankaNo Comments

News

Qualcomm expects $4.5 to $4.7 bn revenue including a settlement with Apple

Taiwan based tech company Qualcomm said it expects a $4.5 billion to $4.7 billion this quarter from its recent settlement with Apple in a royalty battle. Qualcomm factored the additional revenue into a forecast in its latest earnings release, saying the money would be a payment "from Apple and the release of our obligations to pay or refund Apple and the contract manufacturers certain customer-related liabilities."The Southern California-based company also factored in revenue expected for new royalties from Apple and the makers of its devices. Qualcomm reported revenue of $5 billion in the recently ended quarter, while its forecast for the current quarter was from $9.2 billion to $10.2 billion in revenue. In April, Apple and Qualcomm announced an agreement to "dismiss all litigat...