[ad_1] India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must “act fast” to lure global companies with lower tariffs, the deputy IT minister said in government documents seen by Reuters. Smartphone manufacturing is a key plank of Prime Minister Narendra Modi’s ambitions to boost … Read more
[ad_1] Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts’ targets, powered by iPhone growth, sending Apple shares down 3 percent in after-hours trade. The … Read more
[ad_1] Apple’s smartphone shipments in China shrank 2.1 percent in the final quarter of 2023 from the same year-ago period, hurt by intensifying competition from local rivals led by Huawei, data from research firm IDC showed on Thursday. The drop underscores the challenges facing the US firm in its third biggest market, as some Chinese … Read more
[ad_1] Apple is offering rare discounts on its iPhone models in China, cutting retail prices by as much as CNY 500 ($70, or roughly Rs. 5,800) amid growing competitive pressure in the world’s biggest smartphone market. The US tech giant cut prices of some iPhone models by 5 percent, its Chinese website showed on Monday. … Read more
[ad_1] China’s government has announced that it can now uncover the identities of Apple device owners who send messages and content using AirDrop, the company’s wireless sharing protocol. A Chinese institute has found a way to decrypt the device log of an iPhone to reveal both the email address and phone numbers of users who … Read more
[ad_1] Apple shares closed 3.58 percent lower on Tuesday — the biggest fall in four months — after Barclays downgraded the company’s shares to “underweight” and price target by $1 (roughly Rs. 83) on concerns over soft demand for the company’s purported iPhone 16 and upcoming Mac computers, as well as a crackdown in China … Read more
[ad_1] Apple is allocating product development resources for iPad to Vietnam, Nikkei reported on Friday, citing sources briefed on the matter. Apple is working with China’s BYD, a key iPad assembler, to move new product introduction (NPI) resources to Vietnam, the report said, adding that this is the first time the company has shifted NPI … Read more
[ad_1] Chinese e-commerce platforms including PDD Holdings’ Pinduoduo and Alibaba’s Taobao are offering deep discounts on Apple’s latest iPhone 15 series, with some selling models up to CNY 900 ($123 or roughly Rs. 10,229) below the retail price. Analysts say the iPhone 15 has not been selling as well in China as its predecessor. Counterpoint Research … Read more
[ad_1] Tencent’s WeChat said on Tuesday that iPhone maker Apple had opened a store on its social media platform, marking an expansion of the U.S. firm’s retail channels in the world’s second-largest economy. The announcement by WeChat, China’s dominant messaging app which also provides e-commerce, livestreaming and payment services, said users would be able to … Read more
[ad_1] A U.S. judge has rejected Apple’s bid to throw out a class-action lawsuit that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China. U.S. District Judge Yvonne Gonzalez Rogers’ decision late Monday night clears the way for shareholders led by a British pension fund to sue over … Read more
