Apple Sales

Apple's China sales dip slightly amid competition, AI rollout faces delays

Apple's China sales dropped by nearly 1 per cent in the last quarter, highlighting continued challenges as local competitors gain ground and regulatory delays slow the launch of its AI features in the

Apple's investors disappointed after tepid forecast amid China weakness

Homegrown Chinese brands such as Vivo have gained ground in the country, and restrictions on the use of foreign technology at Chinese government offices spread over the past year

Widening base: Apple seeds growth through its supply chain in India

There are 15 Indian suppliers; further expansion on the cards

Apple to announce festive offer on iPhones, Macs, and more on October 3

Apple could announce bank discounts, trade-in deals, and no-cost EMI on the iPhone 16 series and older generation iPhones

Buffett surprises by slashing Berkshire's Apple stake, move to alarm market

Billionaire Warren Buffett slashed Berkshire Hathaway's massive Apple stake in a move that could prove unsettling for the broader stock market both because the investor is so revered and because there had been little positive financial news lately. Just two years ago Buffett called the stock one of the four giants of his conglomerate's business alongside Berkshire insurance, utility and BNSF railroad businesses that it owns outright. That gave investors the impression that Buffett might hold onto Apple indefinitely as he has with the Coca-Cola and American Express shares he bought decades ago. However, he has trimmed the Apple stake over the past year and has recently also sold off some of his stock in Bank of America and Chinese EV maker BYD while doing very little buying. As a result, Buffett is now sitting on nearly USD 277 billion in cash, up from what was already a record USD 189 billion just three months earlier. This could alarm the markets especially given the news from la

Apple sets revenue record driven by strong sales in India, beats estimates

Apple CEO Tim Cook announced that the company achieved a new revenue record in its fiscal 2024 third-quarter ending June 29, over two dozen countries, including India

Apple rings in 35% growth in India sales to clock Rs 67,000 crore

Apple aims to increase this share to 23-25 per cent by the end of FY26, leveraging its three vendors - Tata Electronics, Pegatron, and Foxconn

Apple hits record high after Morgan Stanley calls stock 'top pick'

Apple's shares, which have jumped nearly 20 per cent this year, rose to $236.30, giving the company a market value of $3.62 trillion, the highest in the world

US antitrust law alleging iPhone mkt monopoly should be dismissed: Apple

In the letter to the judge, Apple said the DOJ relies on a new theory of antitrust liability that no court has recognized.

Apple grows in double digit in India in Q2, Tim Cook very pleased

Apple CEO Tim Cook mentioned Apple's efforts to expand its presence in India, including increasing its distribution channels and developer community

After India and Vietnam, Apple looks to manufacture products in Indonesia

American tech giant does not have a manufacturing base in Indonesia, where iPhones and Apple computers have a strong following

Apple reaches $490 mn settlement over CEO Tim Cook's China sales comments

It stemmed from Apple's unexpected announcement on Jan. 2, 2019 that the iPhone maker would slash its quarterly revenue forecast by up to $9 billion, blaming U.S.-China trade tensions

Apple's longest-serving designer to depart company, adding to exodus

Bart Andre, who joined Apple in 1992 alongside Ive, told colleagues this month that he is retiring, according to people familiar with the matter

Apple leads tablet PC market with 25% share in 2023, Samsung at second spot

Apple led the India tablet PC market in 2023 as well as in the December quarter with a 25 per cent share notwithstanding a decline in its shipments, according to a report. Samsung was at the second spot with a 23 per cent market share in 2023, market research firm CyberMedia Research said on Monday. "In CY (in calendar year) 2023, Apple led the tablet market with a 25 per cent market share, followed by Samsung at 23 per cent in CY 2023," CyberMedia Research (CMR) India Quarterly Tablet PC Market Review report said. Apple tablet PC shipments declined by 17 per cent on a year-over-year (YoY) basis. Lenovo occupied the second slot in the December quarter with a 24 per cent market share even as its shipments declined by 3 per cent. Samsung tablet PC shipments grew by 36 per cent on YoY basis, the report stated. "There is a rising consumer demand for diverse tablet options in India, including premium, 5G and value-for-money tablet offerings. This growth is particularly noticeable in th

Apple India Dec qtr revenue hits record high on strong iPhone sales: Cook

iPhone maker Apple's revenue grew in double-digits and hit a new record in December 2023 quarter on strong iPhone sales, a top official of the company said on Friday. "India grew in revenue terms, grew strong double-digits in the December quarter and hit a revenue record," Apple CEO Tim Cook said during Apple's earnings call. Apple posted quarterly revenue of USD 119.6 billion, up 2 per cent year-over-year, and its installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. The company's revenue from iPhone grew by about 6 per cent to USD 69.7 billion in the reported quarter, from USD 65.77 billion. The company saw all-time high revenues in other emerging markets as well including Malaysia, Mexico, the Philippines, Poland and Turkey, Indonesia, Saudi Arabia etc, Cook added. According to market research firm Counterpoint Research, Apple led the India market with highest revenue in 2023 for the first time, wh

Apple sold 180,000 Vision Pro units during first pre-order weekend: Report

Shipment times for Vision Pro models extended to 5-7 weeks within hours after the pre-orders began, indicating that the product sold-out immediately - noted Apple analyst Ming-Chi Kuo in his blog

Apple board rejig: Al Gore, James Bell to leave; Wanda Austin set to join

The upheaval is unusual for Apple's board, which rarely has more than one retirement at a time. Gore was the longest-serving member

Apple Days sale: Vijay Sales announces offers on iPhone, iPad, and MacBook

In the Apple Days Sale, Vijay Sales is offering discounts on select iPhones, iPads, and MacBook models. Below are the details

Apple loses bid over dispute threatening to stop US sales of 2 watch models

Apple has been rebuffed in its latest attempt to untangle a patent dispute that is pushing the company into suspending sales of two popular Apple Watch models as the holiday shopping season wraps up. The International Trade Commission rejected Apple's bid to get around a late October order revolving around the technology used in the Blood Oxygen measurement feature on the Series 9 and Ultra 2 versions of its internet-connected watch. The dispute stems from a patent infringement claim filed in 2021 by medical technology company Masimo, culminating in a US ban on Apple using the technology that makes the Blood Oxygen feature work on those two watches The decision issued Wednesday means Apple will follow through on its plan to stop selling two watch models in the US to comply with the ITC ruling unless the Biden administration overturns it by Christmas. Online sales of the Apple Watch Series 9 and Ultra 2 are scheduled to stop at 3 pm EST Thursday and the devices will be pulled from .

Smaller towns turn big market for Apple, account for 60% of iPhone sales

Earlier, tier-1 cities accounted for 65-70% of Apple's sales, however, this has changed in the last few years