India limits iPad and Mac imports in drive to boost local manufacturing

Apple's iPad and Mac are among the devices that the Indian government says will now require a licence to import, at least delaying sales of them and potentially limiting their numbers.

William Gallagher 2 years ago 5

TD Cowen raises AAPL target to $220 as iPhone demand in China, India grows

TD Cowen has increased its price target for Apple to $220, with iPhone shipments to emerging markets a "bright spot" in the upcoming Q3 2023 financial results.

Malcolm Owen 2 years ago 0

Foxconn plans new $500 million investment in India

Apple's largest iPhone supplier Foxconn is intending to build two new plants in Karnataka, southern India, at a cost of half a billion dollars.

William Gallagher 2 years ago 0

India couple accused of selling baby to buy iPhone 14

A couple in India's West Bengal reportedly sold their 8-month-old baby in order to film Reels for Instagram, and allegedly also attempted to sell their 7-year-old daughter.

William Gallagher 2 years ago 13

Foxconn buys Apple gear for its Indian operations

Even Foxconn has to buy Apple hardware sometimes and reportedly it's spent $33 million on equipment just for its expansion plans in India.

William Gallagher 2 years ago 3

Apple India successes prompt new $220 stock price target from Morgan Stanley

Apple's drive to increase its iPhone presence in India will be financially powerful, leading Morgan Stanley to raise their stock price target for the company.

Malcolm Owen 2 years ago 1

India's hefty tax on online games may kneecap an entire industry

Online gaming has become a major industry in India, but one decision by the government may see taxes bring it to its knees.

Evan Selleck 2 years ago 4

Tata Group will become the first India-native company to build the iPhone

Apple iPhone manufacturer Wistron is pulling out of its Karnataka, India, plant, and is now reported to be selling the whole concern to the Tata Group, an Indian conglomerate.

William Gallagher 2 years ago 0

Foxconn pulls out of $19.5 billion India chip joint venture

Apple iPhone manufacturer Foxconn has ended its planned joint venture with India's Vedanta company, an almost $20 billion project to boost chip production in the country.

William Gallagher 2 years ago 8

Apple cracks down on lending apps after deepfake nudes threat

Apple has removed a bunch of exploitative lending apps in India that used unethical strategies to collect, such as threatening to send deepfake nudes to borrowers' contacts.

Andrew Orr 2 years ago 9

Apple Card may launch next in India

Four years after it was launched in the US, Apple Card may finally be expanding internationally, starting with India.

William Gallagher 2 years ago 7

Tim Cook will meet with India's Prime Minister at the White House

While it's not completely clear what the specific topics of discussion will be, Apple CEO Tim Cook is attending a White House dinner on Thursday night with visiting India Prime Minister Narendra Modi, and then the pair will meet again on Friday.

Mike Wuerthele 2 years ago 7

Apple may be forced to allow third-party App Stores in India

The Competition Commission of India (CCI) is reportedly nearing the conclusion of its antitrust investigation into App Store, and is expected to conclude that Apple must open it up to rival alternatives.

William Gallagher 2 years ago 2

India may export one in five iPhones worldwide by 2025

Apple's iPhone production of iPhones could increase in India to 18% by 2025, analysts believe, as Apple continues its bid to diversify from a China-centric supply chain.

Malcolm Owen 2 years ago 0

Apple's iPhone propels smartphones into top five of India's exports

Indian authorities say the country is now exporting double its previous annual number of smartphones, entirely because of the iPhone.

William Gallagher 2 years ago 0

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