News Analysis India

Tag: Apple products

  • Jobs Galore At Apple, Company To Employ 5 Lakh People In India |

    New Delhi: Apple, a Cupertino-based company, aims to boost local value addition from its Indian suppliers, mirroring its strategy in China. Currently, Apple’s India value stands at 11-12%, projected to rise to 15-18% according to ET. India currently contributes around 7 per cent to global iPhone sales, a figure poised to potentially reach 25 per cent by 2030.

    In China, Apple boasts the highest domestic value addition globally at 28 per cent.

    According to ET, Apple aims to transfer at least half of its current supply chain from China to India in the next three years. This shift could result in around five lakh direct employment opportunities for component manufacturers and suppliers within Apple’s ecosystem, marking a significant three-fold increase in job creation. (Also Read: Apple Doubles iPhone Production In India Diversifying From China: Report)

    Meanwhile, Experts suggest that as India becomes a crucial market for exporting and locally selling Apple products, it will stimulate a thriving supplier network. Additionally, India has the potential to emerge as a significant R&D hub for software-to-silicon design. 

    “The current local value addition, which is a contribution to the dollar value of the total manufacturing and design cost in an iPhone produced in India, stands at 14% compared to 41% in China,” said Neil Shah, vice president at Counterpoint Research.

    “With the right investments and expansion, Apple has the potential to increase it to more than 20% in the next three to five years,” he added. (Also Read: Bumper Sale! iPhone 15 Available at Lowest Price Ever on Amazon India; Check Discount, Specs)  

    Tim Cook, CEO of Apple, stated in February that the company is witnessing robust double-digit growth in many emerging markets, achieving records in several countries, including a December quarter milestone in India.

  • ALERT! Indian Government Warns Apple Users Of Major Security Risk

    Notably, the security issue affects various Apple devices, including Vision Pro, Apple TV HD and 4K models, Apple Watch Series 4, and later models.

  • Delivery guy runs away with iPhone 12 Pro Max units, becomes rich in the Rs 20 lakh heist

    If there is one thing that a large fraction of people fancy that is the iPhone. Apple’s most coveted product, the iPhone is not bought just for flexing among your friends, it also is valuable because of the high price associated with Apple products. Which is why it should not come as a surprise when people go to several lengths to get their hands on the iPhone. Case in point: a Chinese man who stole 14 units of iPhone 12 Pro Max, worth Rs 18 lakh, he was supposed to deliver and sold a few of them to live a lavish life, at least for a brief time. The man was caught later, putting an end to his fun ride.

    A Chinese delivery person, named Tang, was assigned the job of delivering 14 iPhone 12 Pro Max units from the shopping company called Meituan-Dianping to an Apple Authorised Reseller in Guiyang, the province of Guizhou. The delivery order was placed on November 14, according to a report by MyDrivers, a Chinese publication. Tang, on receiving the 14 iPhone 12 Pro Max units, apparently cancelled these orders and paid CNY 10 for defaulting on his job. But the biggest shock was when he did not return these iPhone 12 Pro Max units back to the store.

    Instead, Tang bolted away with these units that had a total value of around CNY 180,000, which translates to roughly Rs 20 lakh. He went untraceable after this heist, concerning the store manager and the delivery recipients who could contact the person. But the man was nabbed soon, thanks to his reckless shopping spree that he went on after he sold some of the iPhone 12 Pro Max units to get instant cash.

    According to the report, Tang had opened one box to use the iPhone 12 Pro Max, one he gave to his friend to pay off the debt he owed him, another one he mortgaged at a pawn shop for CNY 9,500, and the fourth one was sold to a mobile phone dealer for a less price of CNY 7,000. The original price of each iPhone 12 Pro Max was reported to be CNY 10,000 (roughly Rs 1,12,900). The money that Tang got after trading off the two iPhone units, was spent on shopping. Like a man who has won a lottery, Tang hired a BMW car for a fun ride at CNY 600 per day. He even bought himself new clothes that were expensive.

    But his excitement was short-lived. The local police recovered these four units from the places they were. The politico seized the rest of the iPhone 12 Pro Max units, which were ten in number, and nabbed Tang. The Apple Store has now banned the person from its network and even issued a blacklist for others in the same industry. Of course, Tang will likely face a legal prosecution under the country’s laws.