Tag Archives: apple

Foxconn, one of Apple’s key manufacturing partners, has paused new rotations of Chinese workers to its iPhone factories in India, opting instead to send in Taiwanese workers, according to a report from Rest of World. This disruption, coupled with delays in critical shipments of manufacturing equipment, is expected to significantly impact Foxconn’s operations in India and potentially complicate Apple’s plans to diversify its iPhone production away from China.

Apple is on the verge of reaching a historic $4 trillion market capitalization, overtaking rivals Nvidia and Microsoft in the race to this monumental milestone. The tech giant’s stock has surged by approximately 16% since early November, adding an impressive $500 billion to its market value, now standing at around $3.85 trillion.

Broadcom Inc., a leading chip supplier for Apple Inc. and other tech giants, achieved a milestone by reaching a $1 trillion market valuation for the first time on Friday. The surge was fueled by optimism surrounding its artificial intelligence (AI) chips and an impressive stock rally.

In the fast-paced digital age, Unicorn Infosolutions Private Limited (UNI) stands as a beacon for Apple enthusiasts across India. Synonymous with Apple, UNI bridges the gap between consumers and the tech giant through a comprehensive network of B2C, B2B, and D2C channels. With over 1200 dedicated employees, Unicorn continues to expand its reach, ensuring that the Apple experience is accessible to all.

Elon Musk, the CEO of SpaceX and Tesla, took a playful yet pointed jab at Apple recently by sharing a popular Indian meme on social media. This move comes in the midst of Apple's announcement of its collaboration with OpenAI during its Worldwide Developer Conference 2024.

In a significant milestone, Nvidia has overtaken Apple in market capitalization, solidifying its position as the second-most valuable public company in the United States, trailing only behind Microsoft. The surge in Nvidia's market value pushed it past Apple, with Nvidia closing at a market cap of $3.019 trillion compared to Apple's $2.99 trillion at market close.

Apple's recent earnings report revealed a positive surprise amidst global market challenges. Despite a drop in iPhone demand in China, the tech giant experienced a notable "double-digit" surge in revenue from India, signaling a potential easing of the company's slowdown.

In a stark indication of ongoing economic challenges, the technology sector witnessed a wave of layoffs in April 2024, with over 20,000 employees losing their jobs across various companies. This surge in job cuts reflects a broader trend of layoffs in the tech industry, with at least 271 companies having let go of 78,572 employees since the beginning of the year, as reported by layoffs.fyi.

Tata Electronics has embarked on a strategic collaboration with two Indian manufacturers in Pune and Bengaluru to pioneer the development of advanced, high-precision machines crucial for manufacturing iPhone casings, as reported by the Economic Times. This move aligns with Apple's broader strategy to diversify its manufacturing base and reduce reliance on China.

Apple is poised to become a major job creator in India, with plans to generate nearly half a million jobs in the country over the next three years through its vendors and component suppliers, according to government sources as reported by PTI.