Apple’s supply chain and manufacturing dependencies have turned problematic in the age of tariffs and friend-shoring.
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India is home to 120 startups with valuations each topping $1 billion. High-frequency trading firm Graviton is at the center of the boom.
Considering Ternus’ timing, his first time taking the stage as CEO will likely be to introduce the next generation of iPhones this fall.
Counterpoint data found the iPhone 17 lineup outsold the iPhone 16 by 14% in the US and China for its first 10 days.
The announcement comes months after Apple said it’d invest $100 billion in US factories as part of its “American Manufacturing Program.”
Ultimately, the new fee will apply to H-1Bs when they are first granted, and not to existing visas or any future renewals.
India now sources 39% of its crude oil from Russia, compared to just 1% before Russia’s invasion of Ukraine.
For those keeping score at home, that’s in addition to the $500 billion in domestic investments Apple announced earlier this year.
The reports made one thing clear: Big Tech’s big AI bet is already paying off — which explains why they can’t help but double down.
Apple shifting production to India is just the latest sign that the world’s most populous nation may be a winner in global trade reordering.
The world’s largest public company by market cap had its biggest one-day wipeout since the Covid pandemic’s 2020 shock.
Bribe locally, fundraise globally. That pretty much sums up the business ethos of billionaire Gautam Adani as laid out by US prosecutors.
Regulators worry that undisciplined and inexperienced investors are taking on way too much risk in the country’s overheated stock markets.
The Swiss bank UBS reportedly wants in on the wealth market in India and is considering buying a stake in a local firm to give it a foothold.
Antitrust regulators in India flagged Disney’s $8.5 billion merger with Reliance for competition concerns in cricket broadcast rights.
As the global market becomes increasingly competitive, Apple has turned toward India as a way to diversify its revenue stream.