It was an eventful week for Apple Inc. AAPL, with a slew of developments making headlines. From a serious enlargement in India to a strategic worth hike in China, the tech large has been making some daring strikes. Right here’s a fast recap of the highest tales that unfolded over the weekend.
Apple Forges Forward with $1.5 Billion India Enlargement
Regardless of a warning from President Trump, Apple is reportedly advancing its provide chain enlargement in India by way of its main manufacturing associate, Foxconn, often known as Hon Hai Precision Trade Co. Ltd. HNHAF. Foxconn is planning to take a position $1.5 billion in a brand new show module plant close to Chennai, India, which is able to assemble display elements for iPhones. Learn the complete article right here.
Apple Raises iPhone Commerce-In Costs in China
In a bid to spice up gross sales in China, Apple has elevated the trade-in costs for iPhones. This transfer comes amid intensifying competitors from native rivals. The trade-in worth for the iPhone 15 Professional Max has been raised to five,700 Chinese language yuan ($791), up from 5,625 yuan ($780.78). Learn the complete article right here.
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Apple Will Possible Take in iPhone Tariff Somewhat Than Transfer Manufacturing to the US
Following President Trump’s demand for home manufacturing of iPhones or face a 25% tariff, high Apple analyst Ming-Chi Kuo acknowledged that Apple is unlikely to relocate its meeting strains again to the U.S., even beneath political strain. In response to Kuo, it’s extra worthwhile for Apple to soak up the tariff. Learn the complete article right here.
Apple’s AI Sensible Glasses Launch Anticipated Subsequent 12 months
Apple is reportedly planning to launch AI-powered sensible glasses in late 2026 to compete with Meta Platforms, Inc.’s Ray-Bans. The corporate has elevated efforts to begin mass manufacturing of prototypes by the top of this 12 months with abroad suppliers. Learn the complete article right here.
Apple Faces Menace from OpenAI’s Acquisition
Gene Munster, Managing Accomplice at Deepwater Asset Administration, warned that OpenAI represents a critical aggressive risk to Apple following the AI firm’s $6.5 billion acquisition of former Apple design chief Jony Ive‘s {hardware} startup. Learn the complete article right here.
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This story was generated utilizing Benzinga Neuro and edited by Rounak Jain
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