What's new

Apple plans to shift 20% of production capacity from China to India, eying $40 bn export revenue

MP2011 said:
Also, a word about my kids' online classes. Even though nothing can replace the beauty of classroom teaching and that the consistently looking at screens isn't any good for kids.

Still you gotta hand it over to the technology which enables such seamless experience of lessons being imparted in such effective way by the teachers.

In Delhi, we see regular closures of schools due to pollution, extreme winters/summers. These online classes could go a long way in negation of those unnecessary holidays.
Click to expand...

More indians getting access to internet can only be a good thing. Indians elevate the quality of every space they visit on the interwebs.
 
: Apple Inc. assembly partner Pegatron Corp. is making preparations for its first plant in India, adding to a large influx of foreign tech investments in the country this year.

In June, the Indian government set out a $6.6 billion plan to woo the world’s top smartphone manufacturers, offering financial incentives and ready-to-use manufacturing clusters. Pegatron is now setting up a local subsidiary and joining fellow Taiwanese electronics assemblers Foxconn Technology Group and Wistron Corp., who have already been making some iPhone handsets in southern India.
 
Indian ministers are sharing today that Foxconn has started assembling iPhone XI I'm their Chennai Plant.

If true, this is the first Apple flagship product being assembled in India. Earlier only their cheap variants were done here.
 
freelance_cricketer said:
Indian ministers are sharing today that Foxconn has started assembling iPhone XI I'm their Chennai Plant.

If true, this is the first Apple flagship product being assembled in India. Earlier only their cheap variants were done here.
Click to expand...

so it looks like Foxconn merely moved their production from Chinese mainland to India? A lot of Chinese companies are doing that and moving just their plants to Vietnam, Cambodia etc. while still maintaining complete ownership.

It is good for India in the sense that it will creates lots of manufacturing jobs. But the revenue will still flow to Chinese pockets.
 
hamid.s said:
so it looks like Foxconn merely moved their production from Chinese mainland to India? A lot of Chinese companies are doing that and moving just their plants to Vietnam, Cambodia etc. while still maintaining complete ownership.

It is good for India in the sense that it will creates lots of manufacturing jobs. But the revenue will still flow to Chinese pockets.
Click to expand...

1. Foxconn is not a Chinese company, it is Taiwanese.

2. Revenues do not go to Foxconn, revenues minus costs go to Foxconn. Labor costs remain in the country of manufacture.
 
Napa said:
1. Foxconn is not a Chinese company, it is Taiwanese.

2. Revenues do not go to Foxconn, revenues minus costs go to Foxconn. Labor costs remain in the country of manufacture.
Click to expand...

on # 1 - I stand corrected. I assumed it was Chinese.

# 2 - so the profit goes to Foxconn? It is good for India coz it will create jobs for Indians. But it will still benefit Foxconn a lot more as labor costs might be cheaper in India than China now. I thought it was some Indian plants taking over 20% production for Apple. That would be the best case scenario for India.
 
Trump has been President nearly a full term now, he should be delivering on his promises to the electorate. Apple is one of America's flagship companies, that they are assembling their phones in dirt poor countries in the far east is a disgrace and a clear slap on the face of the patriotic blue collar workers who supported his campaign to bring jobs back to America.

The rust belt is still rusting, and Trump has taken loyal Americans for a ride.
 
Cpt. Rishwat said:
Trump has been President nearly a full term now, he should be delivering on his promises to the electorate. Apple is one of America's flagship companies, that they are assembling their phones in dirt poor countries in the far east is a disgrace and a clear slap on the face of the patriotic blue collar workers who supported his campaign to bring jobs back to America.

The rust belt is still rusting, and Trump has taken loyal Americans for a ride.
Click to expand...

you would be living in fool's paradise if you think the promises were to be delivered..only few more months and new government will be in place..
 
hamid.s said:
on # 1 - I stand corrected. I assumed it was Chinese.

# 2 - so the profit goes to Foxconn? It is good for India coz it will create jobs for Indians. But it will still benefit Foxconn a lot more as labor costs might be cheaper in India than China now. I thought it was some Indian plants taking over 20% production for Apple. That would be the best case scenario for India.
Click to expand...

Foxconn spreading its roots in India is a great thing not just for job creation and skill development but potential emergence of Indian versions of Xiaomi, Oppo of tomorrow.

With tensions rising with China, most Indians would love to switch to non Chinese smartphones if the options were available.
 
I don’t understand what is surprising in this news. this was obvious with the potential of low costs and highly skilled labour.
It was just the regulations and tax rebates that were required to be sorted out. With Indian government relaxing these , it will be an influx of foreign companies setting up in India.
 
Apple chief executive Tim Cook has moved into the billionaire club as the tech firm's share price continues to soar.

Apple's market value has been on the rise following strong results and the upbeat outlook for tech giants.

Mr Cook owns 847,969 shares directly and took home more than $125m (£96m) last year as part of his pay package.

Last week, Facebook founder Mark Zuckerberg saw his personal wealth hit $100bn (£76bn).

Technology companies including Apple, Facebook and Amazon have seen their profits grow during the coronavirus pandemic as more people went online.

Silicon-Valley based Apple is now closing in on the milestone of being the first company to be valued at $2tn. Two years ago it become the first company to be valued at $1tn.

https://www.bbc.com/news/business-53720190
 
India has a lot to gain by allying itself with the US in terms of economics. Not sure if India wants to completely side with the west though in fear of Chinese reaction to it.
 
AdamM97 said:
India has a lot to gain by allying itself with the US in terms of economics. Not sure if India wants to completely side with the west though in fear of Chinese reaction to it.
Click to expand...

India is getting closer to West due to China.. Xi has been welcomed multiple times in India, India was great for Chinese phones, software before Border skirmishes.
 
Welcome to iPhone season.

Apple introduced the world to the iPhone 12 on Tuesday, unveiling four new models launching starting later this month, during a virtual event held at its headquarters in Cupertino, California.

The tech giant said the iPhone 12 and iPhone 12 Pro will be available for preorder this Friday, and launch Oct. 23. The larger iPhone 12 Pro Max and smaller iPhone 12 Mini will be available to preorder Nov. 6, and launch Nov. 13.

Prices range from starting at $699 for the iPhone 12 Mini to starting at $1,099 for the iPhone 12 Pro Max. The iPhone 12 Pro will start at $999, while the standard iPhone 12 starts at $799.

The smartphones also mark Apple's debut in 5G, the next wireless service expected to deliver major upgrades in speed and connectivity.


"Today is the beginning of a new era for iPhone," said Apple CEO Tim Cook during the virtual event.

Hans Vestberg, chairman and CEO of Verizon, said the new iPhone will have access to the carrier's 5G ultra wideband coverage, promising double the download and upload speeds. Vestberg said the coverage will expand to more than 60 cities by the end of the year.


Apple said its next iPhone will have the most 5G bands to take advantage of the speed boost, promising speeds of 4 Gbps even in densely populated regions.

The iPhone 12, features a new design and smooth, flat edges that some on social media called reminiscent of the earlier iPhone 5. It's available in five colors: black, white,green, blue and red, which is in conjunction with the Product (RED) fundraising effort for AIDS research.

Like the iPhone 11, it will boast a 6.1-inch display, but it's 11% thinner, 15% smaller, and 16% lighter than iPhone 11, says Apple. The iPhone 12 also has a super retina XDR display.

The iPhone Mini includes a 5.4-inch display in a body similar in size to the iPhone 8.

The iPhone 12 Pro now sports a bigger 6.1-inch display, while the iPhone 12 Pro Max will move to a 6.7-inch display.

Apple's latest smartphone will include a brand-new chip, A14 Bionic, promising 50% faster processing and graphics than competing smartphones.

It wasn't just smartphone that appeared on Apple's stage. The company also introduced a new smart speaker called HomePod Mini, available for $99 starting in November.

The smart speaker will incorporate computational audio, which applies tuning models to bolster its sound. Later this year, HomePod Mini will add a feature recognizing when your iPhone is near so music can easily transfer from playing on iPhone to HomePod Miniand trigger visual and haptic responses on the phone.

The speaker can also access apps on the iPhone using Siri, such as calendar, messages, or Music. The speaker will also feature Intercom, sending messages from HomePod Mini to any Apple device, even AirPods.

https://www.usatoday.com/story/tech...hosts-event-unveil-new-smartphone/3638392001/
 
Mini iPhone looks like the perfect phone right now. Have been waiting for a smaller iPhone.
 
Apple puts iPhone supplier on probation for labour violations

Apple has put one of its key suppliers on probation for breaking its supply chain rules.

Taiwanese firm Pegatron had asked students to work night shifts and overtime at one of is plants in mainland China, the US company said.

Apple added the contractor had falsified paperwork and misclassified some of the workers, to disguise the violations.

Pegatron said that once it had become aware of the issue, it was fixed.

But Apple says it will not award the firm any new business until further "corrective actions" are completed.

Pegatron is one of a handful of companies involved in the assembly of iPhones.

Apple said that Pegatron had breached its Supplier Code of Conduct by allowing students to carry out work which had no connection to their studies.

"The individuals at Pegatron responsible for the violations went to extraordinary lengths to evade our oversight mechanisms," its statement said. It also said the executive in charge of the student work programme had been fired.

Pegatron acknowledged that the problem was uncovered by Apple's monitoring programme, and said it had subsequently taken immediate action.

"Some student workers at Pegatron Shanghai and Kunshan campus were identified working night shift, overtime and in positions unrelated to their majors, which were not in compliance with local rules and regulations," it said.

Those affected were taken off production lines and given "proper compensation", and an external audit has been commissioned to strengthen procedures, it added.

The precise terms of the probation were not laid out, but Apple's statement indicates that its current contracts would not be affected, which might otherwise have threatened the existing rollout of new iPhones.

Workers' rights campaigners have repeatedly criticised conditions in the factories which Apple uses, despite its insistence that it has rules to prevent staff being exploited.

In 2014, a BBC investigation found that conditions at a Pegatron production line for the iPhone 6 frequently violated Apple's promises to protect workers.

Undercover reporters were required to work 18 days in a row or work 16-hour shifts for the firm, among other issues.

https://www.bbc.com/news/technology-54872965
 
iPhone manufacturing in Karnataka and Tamil Nadu has already created thousands of jobs. personally know some from Kolar Karnataka who have been benefitted from these jobs. Although these are baby steps , this has massive potential in future
 
Apple Supplier Wistron Apologises To Workers In Karnataka, Removes India Boss

Last Saturday, several thousand contract workers at the factory near Bengaluru - angered over alleged non-payment of wages - destroyed property and factory gear; the Apple supplier had put the damages at $7.12 million.

Nearly a week after violence erupted at a Karnataka factory owned by Taiwan-based Wistron Pvt Ltd that manufactures Apple iPhones, the firm today removed its top executive who oversaw India operations. "Safety and wellbeing of our team members is always our top priority," Wistron said, admitting that "some workers were not paid correctly, or on time". In a statement, Apple said the supplier has been put on probation and it "will not receive any new business before completing corrective actions".
Last Saturday, several thousand contract workers at the factory near Bengaluru - angered over alleged non-payment of wages - destroyed property and factory gear; the Apple supplier had put the damages at $7.12 million. Earlier this week, the centre asked the state to look into wage and labour-related disputes, and ensure that investor sentiment is not affected as a result of the violence.

Today, the Taiwan firm said in a statement: "We are removing the Vice President who oversees our business in India. We are also enhancing our processes and restructuring our teams to ensure these issues cannot happen again."

"Safety and wellbeing of our team members is always our top priority and core value at Wistron. Since unfortunate events at our Narasapura facility we've found that some workers were not paid correctly, or on time. We deeply regret and apologize to all of our workers," news agency ANI quoted the firm as saying.

"Our top priority is to ensure all workers are fully compensated immediately and we're working hard to achieve that. We've established an employee assistance program for workers at the facility. We're working diligently on corrective actions to ensure it doesn't happen again," it further said.

Wistron is one of Apple's top global suppliers. In a statement, the tech giant today said it is placing the firm on probation. "Our preliminary findings indicate violations of our Supplier Code of Conduct by failing to implement proper working hour management processes. This led to payment delays for some workers in October and November," the statement read.

"We are very disappointed and taking immediate steps to address these issues. Wistron has taken disciplinary action and is restructuring their recruitment and payroll teams in Narasapura. They have also set up an employee assistance program and a 24-hour grievance hotline in Kannada, Telugu, Tamil, Hindi, and English to ensure all workers at the facility can voice any concerns, anonymously. Our main objective is to make sure all the workers are treated with dignity and respect, and fully compensated promptly," it underlined.

A government inspection revealed the Apple supplier could not cope up with the rapid scaling up of manpower and breached several laws, news agency Reuters reported. The manpower at this plant - which was recently set up - rose to 10,500 workers from the permitted 5,000 in a short span of time, according to a Karnataka factories department report, Reuters quoted the report as saying.

"Though 10,500 workers are employed in the factory the HR department has not been adequately set up with personnel of sound knowledge of labour laws".


https://www.ndtv.com/india-news/app...oss-removed-2340906?pfrom=home-ndtv_topscroll
 
Last edited:
KoyoAli said:
Apple Supplier Wistron Apologises To Workers In Karnataka, Removes India Boss

Last Saturday, several thousand contract workers at the factory near Bengaluru - angered over alleged non-payment of wages - destroyed property and factory gear; the Apple supplier had put the damages at $7.12 million.

Nearly a week after violence erupted at a Karnataka factory owned by Taiwan-based Wistron Pvt Ltd that manufactures Apple iPhones, the firm today removed its top executive who oversaw India operations. "Safety and wellbeing of our team members is always our top priority," Wistron said, admitting that "some workers were not paid correctly, or on time". In a statement, Apple said the supplier has been put on probation and it "will not receive any new business before completing corrective actions".
Last Saturday, several thousand contract workers at the factory near Bengaluru - angered over alleged non-payment of wages - destroyed property and factory gear; the Apple supplier had put the damages at $7.12 million. Earlier this week, the centre asked the state to look into wage and labour-related disputes, and ensure that investor sentiment is not affected as a result of the violence.

Today, the Taiwan firm said in a statement: "We are removing the Vice President who oversees our business in India. We are also enhancing our processes and restructuring our teams to ensure these issues cannot happen again."

"Safety and wellbeing of our team members is always our top priority and core value at Wistron. Since unfortunate events at our Narasapura facility we've found that some workers were not paid correctly, or on time. We deeply regret and apologize to all of our workers," news agency ANI quoted the firm as saying.

"Our top priority is to ensure all workers are fully compensated immediately and we're working hard to achieve that. We've established an employee assistance program for workers at the facility. We're working diligently on corrective actions to ensure it doesn't happen again," it further said.

Wistron is one of Apple's top global suppliers. In a statement, the tech giant today said it is placing the firm on probation. "Our preliminary findings indicate violations of our Supplier Code of Conduct by failing to implement proper working hour management processes. This led to payment delays for some workers in October and November," the statement read.

"We are very disappointed and taking immediate steps to address these issues. Wistron has taken disciplinary action and is restructuring their recruitment and payroll teams in Narasapura. They have also set up an employee assistance program and a 24-hour grievance hotline in Kannada, Telugu, Tamil, Hindi, and English to ensure all workers at the facility can voice any concerns, anonymously. Our main objective is to make sure all the workers are treated with dignity and respect, and fully compensated promptly," it underlined.

A government inspection revealed the Apple supplier could not cope up with the rapid scaling up of manpower and breached several laws, news agency Reuters reported. The manpower at this plant - which was recently set up - rose to 10,500 workers from the permitted 5,000 in a short span of time, according to a Karnataka factories department report, Reuters quoted the report as saying.

"Though 10,500 workers are employed in the factory the HR department has not been adequately set up with personnel of sound knowledge of labour laws".


https://www.ndtv.com/india-news/app...oss-removed-2340906?pfrom=home-ndtv_topscroll
Click to expand...

This is not China where you can treat workers like absolute worst and not pay them anything for overworking for you.....
 
Last edited by a moderator:
Apple said on Wednesday it has put the Indian plant of its main supplier “on probation” after a mass food poisoning and protests over workers' living conditions.

Some 250 women working at Foxconn's iPhone factory in the southern Indian state of Tamil Nadu were treated for food poisoning this month, 159 of whom were hospitalised.

This prompted demonstrations against living conditions at company hostels that have kept the factory at Sriperumbudur near Chennai closed since December 18.

Apple said it has placed the plant “on probation” and is working with the supplier to rapidly implement “a comprehensive set of corrective actions”.

The factory employs some 17,000 people. It makes iPhones for the Indian market and for export, as well as other gadgets.

Foxconn said it was “very sorry for the issue our employees experienced and are taking immediate steps to enhance the facilities and services we provide at the remote dormitory accommodations.”

“We are also restructuring our local management team and our management systems to ensure we can achieve and maintain the high standards that are needed,” a Foxconn spokesperson said.

The Taipei-based company said employees will continue to be paid while improvements are made.

Apple has long faced criticism about the treatment of workers at its partner factories in China, particularly after a spate of suicides at the industrial park of Foxconn in Shenzhen in 2010.

DAWN
 
MenInG said:
Apple said on Wednesday it has put the Indian plant of its main supplier “on probation” after a mass food poisoning and protests over workers' living conditions.

Some 250 women working at Foxconn's iPhone factory in the southern Indian state of Tamil Nadu were treated for food poisoning this month, 159 of whom were hospitalised.

This prompted demonstrations against living conditions at company hostels that have kept the factory at Sriperumbudur near Chennai closed since December 18.

Apple said it has placed the plant “on probation” and is working with the supplier to rapidly implement “a comprehensive set of corrective actions”.

The factory employs some 17,000 people. It makes iPhones for the Indian market and for export, as well as other gadgets.

Foxconn said it was “very sorry for the issue our employees experienced and are taking immediate steps to enhance the facilities and services we provide at the remote dormitory accommodations.”

“We are also restructuring our local management team and our management systems to ensure we can achieve and maintain the high standards that are needed,” a Foxconn spokesperson said.

The Taipei-based company said employees will continue to be paid while improvements are made.

Apple has long faced criticism about the treatment of workers at its partner factories in China, particularly after a spate of suicides at the industrial park of Foxconn in Shenzhen in 2010.

DAWN
Click to expand...

it wasn't just food poisoning, sewage overflowing and most likely it overflowed into the canteen which caused food poisoning- here's even a India channel reporting on the issue below:

Tech giant Apple has been forced to place its Foxconn unit in India on 'Probation' after protests by women workers of the plant.

 
Last edited by a moderator:
US court pauses Apple watch import ban

Apple scored a victory on Wednesday as a US appeals court paused a government commission’s import ban on some of its popular Apple smartwatches following a patent dispute with medical-technology firm Masimo.

The tech giant had filed an emergency request for the US Court of Appeals for the Federal Circuit to halt the order after appealing the US International Trade Commission’s (ITC) decision that it had infringed Masimo’s patents.

Representatives for Apple and Masimo did not immediately respond to requests for comment.

US President Joe Biden’s administration declined to veto the ban on December 26, allowing it to take effect. Apple asked for a pause of the ban later that day.

Masimo has accused Apple of hiring away its employees, stealing its pulse oximetry technology and incorporating it into Apple Watches.

The ITC barred imports and sales of Apple Watches with technology for reading blood-oxygen levels. Apple has included a pulse oximeter feature in its smartwatches starting with its Series 6 model in 2020.

Apple has paused sales of its Series 9 and Ultra 2 smartwatches in the US, though the watches have remained available at other retailers including Amazon, Best Buy, Costco and Walmart.

The ban does not affect the Apple Watch SE, a less-expensive model without a pulse oximeter. Previously sold watches also will not be affected by the ban.

A jury trial on Masimo’s allegations against Apple in California federal court ended with a mistrial in May. Apple has separately sued Masimo for patent infringement in federal court in Delaware and called Masimo’s legal actions a “maneuver to clear a path” for its own competing smartwatch.

Apple’s wearables, home and accessory business, which includes the Apple Watch, AirPods earbuds and other products, brought in $8.28 billion in revenue during the third quarter of 2023, according to a company report.



www.aajenglish.tv

US court pauses Apple watch import ban

Apple had paused sales of its Series 9 and Ultra 2 smartwatches in the US
www.aajenglish.tv
 
Apple agrees to settle lawsuit over iTunes gift card scam
'
Apple (AAPL.O) has agreed to settle a lawsuit accusing the company of knowingly letting scammers exploit its gift cards, and keep stolen funds for itself.

According to a filing on Wednesday in federal court in San Jose, California, Apple and the plaintiffs have agreed on material settlement terms after working with a mediator.

They are drafting a formal settlement to be presented to U.S. District Judge Edward Davila for preliminary approval.

Apple and lawyers for the plaintiffs did not immediately respond to requests for comment.

The scam involves fraudsters who instill panic or urgency by insisting by phone that victims buy App Store and iTunes gift cards or Apple Store gift cards in order to pay for taxes, hospital and utility bills, bail and debt collection.

Victims are then told to share the codes on the backs of the cards, despite a warning on the cards that reads: "Do not share your code with anyone you do not know."

According to the complaint, Apple would typically deposit only 70% of the stolen funds into fraudsters' bank accounts, and keep 30% for itself as a "commission" for knowingly converting stolen codes into dollars.

Victims likely lost "hundreds of millions of dollars" in the scam, the complaint said.

The lawsuit covered anyone in the United States who from 2015 through July 31, 2020 bought gift cards redeemable on iTunes or the App Store, provided codes to fraudsters, and did not receive refunds from Apple.

In June 2022, Davila rejected Apple's bid to dismiss the lawsuit.

He said the plaintiffs sufficiently alleged that the Cupertino, California-based company's effort to disclaim liability, even after victims claimed they were scammed, was unconscionable.

The case is Barrett et al v Apple Inc et al, U.S. District Court, Northern District of California, No. 20-04812.



 

Apple CEO Tim Cook arrives in Vietnam to meet users, boost supplier ties​


Apple CEO Tim Cook arrived in Hanoi on Monday, starting a two-day visit to Vietnam, a key manufacturing hub for the iPhone maker, during which he is expected to meet students and content creators, state media said.

Cook will also meet users of Apple products to better understand how they are employed, online newspaper VietnamNet said.
Apple would boost its connection with local suppliers, clean water projects and education opportunities, it quoted Cook as saying on arrival.

Last week, more than 60 human and environmental rights bodies pressed Apple in a letter to take action on Vietnam's detention of climate experts, with activist organisations urging it to weigh in on the matter, given its manufacturing links.

 
Apple pulls WhatsApp, Threads from China app store after Beijing order

Apple, said on Friday it had removed Meta Platforms', WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.

Telegram and Signal - two other foreign messaging apps - were also removed from the store on Friday, according to app tracking firms Qimai and AppMagic.

The removal of the four apps suggests growing intolerance on the part of China's central government towards at least some foreign online messaging services that fall outside of its control. It also signals less leeway for Apple in China.

That said, other Meta apps including Facebook, Instagram and Messenger remained available to download, according to Reuters checks on Friday. Many other popular apps developed by Western companies including YouTube and X were also available.

It was not immediately clear how WhatsApp or Threads might have caused security concerns for Chinese authorities.

"The Cyberspace Administration of China ordered the removal of these apps from the China storefront based on their national security concerns," Apple said in an emailed statement.

"We are obligated to follow the laws in the countries where we operate, even when we disagree," the statement said.

Meta declined to comment and referred queries to Apple.


Tribune
 
Nvidia passes Apple in market cap as second most valuable public U.S. company

Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom. It’s now the second most valuable public company, behind Microsoft.

Nvidia also hit a $3 trillion market cap milestone on Wednesday after shares rose over 5%. At market close, Nvidia had a market value of $3.019 trillion, versus Apple’s, which stood at $2.99 trillion. Microsoft is the most valuable publicly traded company, with a market cap of $3.15 trillion, as of Wednesday.

Nvidia shares have risen over 24% since the company reported first-quarter earnings in May and have been on a tear since last year. The company has an estimated 80% market share in AI chips for data centers, which are attracting billions of dollars in spending from big cloud vendors.

Investors are also becoming more comfortable that Nvidia’s huge growth in sales to a handful of cloud companies can persist. For the most recent quarter, revenue in its data center business, which includes its GPU sales, rose 427% from a year earlier to $22.6 billion, about 86% of the company’s overall sales.

Meanwhile, Apple shares are only about 5% this year, as the iPhone maker’s sales growth has stalled in recent months. In its most recent quarterly earnings report, Apple said overall sales dropped 4% and iPhone sales fell 10% from the year-ago period. Apple faces strategic questions and issues about demand in China, manufacturing, and mixed reactions to its new virtual reality headset, Vision Pro.

Apple was the first company to reach $1 trillion and $2 trillion market cap. It long held the title of most valuable U.S. company but was passed by Microsoft earlier this year. Microsoft has also benefitted from investor demand for AI infrastructure.

Nvidia been more volatile as a stock than Apple. Founded in 1991, the company was primarily targeting gaming, selling hardware to play 3D computer games. More recently, it sold cryptocurrency mining chips and cloud subscription services.

Nvidia shares have gone parabolic as its AI business has developed, rising over 3,290% in the past five years. The company announced a 10-for-1 stock split in May.


CNBC
 
Lol every time a leading phone company comes to India for manufacturing it falls- First Nokia now Apple lol(joke joke).
 
You must log in or register to reply here.

Similar threads

emranabbas
Pakistan to acquire J-35 Stealth Jets, KJ-500 AWACS and HQ-19 defense system from China
2
Replies
94
Views
1K
JaDed
JaDed
BouncerGuy
Economic cost of the Indo-Pak conflict (2025 Edition)
Replies
3
Views
344
Bhaijaan
Bhaijaan
Savak
India on track to become the world's 3 biggest super-power
2
Replies
114
Views
3K
aboveandbeyond
A
FearlessRoar
Pakistan’s top talent is leaving the country in record numbers
Replies
2
Views
305
big_gamer007
big_gamer007
Hitman
Apple looking to India, not China, to produce iPhones and more: Report
2
Replies
80
Views
5K
Bhaag Viru Bhaag
Bhaag Viru Bhaag
Back
Top