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Tag: Tim Cook

  • Apple Macs Continue To Grow Amid Workforce Transformation Growth In India |

    New Delhi: Apple Macs continue to benefit from strong workforce transformation growth tailwinds in India, industry experts said on Monday, as the tech giant launched its latest campaign for Mac devices in the country.

    Titled “Work is worth it”, the Mac campaign underscores the belief that sincere effort, no matter how big or small, never goes unrewarded. “The increasing demand for high-performance computing solutions within a young and mobile workforce environment perfectly aligns with the strengths of the Mac ecosystem,” Prabhu Ram, Head- Industry Intelligence Group (IIG), CMR, told IANS.

    The Apple Mac campaign captures the incredible tenacity of students who strive for greatness despite the rigours of college life. The film was shot on iPhone and edited on Mac, and is set across several universities to authentically depict the student experience.

    In its recent earnings call last month, Apple announced that Mac revenue was $7.5 billion, up 4 per cent year-over-year, riding on the impressive M3 MacBook Air launched in March. According to Apple CEO Tim Cook, the company set revenue records in more than a dozen countries and regions, including India.

    “We did grow strong double-digit (in India). It was a new March quarter revenue record for us. I see it as an incredibly exciting market and it’s a major focus for us,” Cook had said. In terms of the operational side or supply chain side, “we are producing there, from a pragmatic point of view, you need to produce there to be competitive,” the Apple CEO added.

  • Apple thought to be purchasing Bing from Microsoft in 2018

    John Giannandrea

    David Paul Morris | Bloomberg | Getty Pictures

    Apple thought to be purchasing the Bing seek engine or creating a “multibillion buck funding” in a three way partnership with Microsoft in 2018, consistent with a transcript of testimony from Apple’s head of system finding out and previous Google exec John Giannandrea that was once lately unsealed.

    On the time, Apple was once taking into account the use of Bing as a substitute of Google to go back solutions to a few queries from Siri and to energy different iPhone and Mac options, Giannandrea mentioned. Google can pay Apple up to $19 billion in step with 12 months to be the default seek engine on Apple merchandise, consistent with an estimate.

    The handle Microsoft wasn’t finished and Giannandrea mentioned he believed Apple CEO Tim Prepare dinner instructed Microsoft it wasn’t going ahead.

    “Clearly, if we entered right into a three way partnership with Bing, it will have implications for the Google dating,” Giannandrea mentioned in his testimony final week, consistent with a transcript seen through CNBC.

    Whilst discussing Apple’s deliberations on whether or not to shop for or put money into Bing in 2018, Giannandrea cited an inner presentation made through Adrian Perica, Apple’s head of commercial building, the place he defined 4 situations for Apple and Microsoft: Develop Siri organically, collaborate on development a era known as “Wisdom Graph,’ co-own Bing, or achieve Bing.

    Giannandrea’s testimony was once taken as a part of the Division of Justice’s antitrust case towards Google, which is these days ongoing. The federal government desires to end up that Google has used licensing offers and different contracts to fasten out seek opponents and monopolize the marketplace.

    Testimony from DuckDuckGo CEO Gabriel Weinberg unsealed Wednesday prompt he idea Apple was once fascinated about the use of the rival seek engine for some default settings and that Apple’s contract with Google was once an “impediment” for DuckDuckGo.

    Google denies it has violated antitrust legislation.

    A lot of the trial, which is anticipated to proceed for weeks, has occupied with Apple’s handle Google to be the default seek engine on Apple merchandise. Apple executives have mentioned they picked Google as a result of it is the most productive seek engine, no longer essentially on account of Google’s bills.

    Siri and Highlight

    Giannandrea is Apple’s senior vice chairman answerable for system finding out and AI technique, and because he joined Apple in 2018 he is been answerable for making improvements to options just like the Siri voice assistant and Highlight, the corporate’s software seek characteristic. Prior to that, he labored on Seek at Google.

    A lot of his testimony revolved round inner deliberations at Apple to fortify Siri and Highlight, either one of which is able to funnel queries to Google when they do not have a able solution. The DOJ sought to turn that Apple will have invested extra closely in its personal seek era if it did not have a profitable handle Google.

    Giannandrea mentioned he did not suppose Apple had a “basic” seek engine as it does no longer have a seek effects web page, however that it competes for queries thru its Siri, Highlight, and auto-complete “Tips” within the Safari browser, which is able to solution questions the use of Apple’s era earlier than sending the query to Google.

    He mentioned the corporate had no longer decided on whether or not to construct its personal basic seek engine, which might be a dear enterprise.

    Giannandrea added he believed that Prepare dinner had met with Microsoft CEO Satya Nadella in the summertime of 2018, which kicked off inner talks about whether or not Apple must building up its partnership with Bing. He defined he and Apple’s head of commercial building, Adrian Perica, had two or 3 conferences with Microsoft that 12 months, beginning in August.

    “I might say that there was once an open dialogue about whether or not shall we do extra in combination, and that integrated, my working out was once, doubtlessly the solution to achieve Bing from Microsoft,” Giannandrea mentioned, consistent with the transcript.

    Microsoft had additionally prompt that it may well be keen to be “very versatile” with sharing profit from its commercials within the match of a partnership, Giannandrea mentioned. The proposed revenue-share share is redacted within the transcript observed through CNBC.

    “I believe we had a chain of conferences in keeping with this preliminary assembly with Microsoft to speak about promoting most often and what Apple’s technique was once there,” Giannandrea mentioned.

    He additionally discussed that Prepare dinner had requested about profit expansion from the Google deal slowing down in August 2018, and he mentioned that the principle motive force of the profit percentage with Google could be “the collection of queries that have been despatched to Google.”

    Microsoft was once fascinated by Apple paying for enhancements to the quest engine, Giannandrea mentioned, together with increasing it to further global markets.

    “Probably the most 4 choices we checked out was once a three way partnership the place Apple would have probably supplied some sources and they’d have executed a few of these initiatives,” Giannandrea mentioned.

    Giannandrea prompt a number of instances all over the testimony that he was once reasonably skeptical of Bing’s pitch and whether or not it will be a dramatic development over Google. He despatched an e-mail to Prepare dinner in December 2018 explaining his reservations. He additionally in comparison Bing and Google seek in 2021 to look the growth Microsoft had made and located Google was once a lot better at cellular queries.

    “I mentioned, ‘Is it imaginable that shall we construct a parity product?’ Sure, it is theoretically imaginable, however I did not see a trail to a greater seek engine for Apple’s customers at the moment,” Giannandrea mentioned.

    He was once additionally puzzled about his paintings at Google, the place he mentioned Apple’s try to download closely-held seek knowledge from Google as a part of their deal.

    In a single a part of his testimony, he discussed Apple’s present paintings on seek applied sciences, noting that the corporate is making an investment extra in crawling the internet with a view to energy its paintings on language fashions, one of the crucial trendiest types of synthetic intelligence within the era business.

    Representatives from Apple and Microsoft did not reply to requests for remark.

  • Apple will factor a tool replace to handle iPhone 15 overheating proceedings

    Apple CEO Tim Cook dinner greets consumers buying Apple’s new iPhone 15 right through a release match on the 5th Street Apple Retailer in New York Town on Sept. 22, 2023.

    Alexi Rosenfeld | Getty Pictures

    Apple stated on Saturday that it’s going to factor a tool replace that might deal with buyer proceedings about the newest iPhone 15 fashions, launched simply over per week in the past, working sizzling.

    Apple stated that the brand new iPhone fashions had been working sizzling as a result of a mix of insects in iOS 17, insects in apps, and a brief set-up length.

    An Apple spokesperson instructed CNBC:

    “We now have recognized a couple of stipulations which will purpose iPhone to run hotter than anticipated. The instrument would possibly really feel hotter right through the primary few days after putting in or restoring the instrument as a result of larger background job. We now have additionally discovered a trojan horse in iOS 17 this is impacting some customers and might be addressed in a tool replace. Any other factor comes to some contemporary updates to third-party apps which might be inflicting them to overload the device. We are running with those app builders on fixes which might be within the strategy of rolling out.”

    After Apple launched the brand new iPhone 15 fashions previous this month, consumer proceedings on Apple’s boards, Reddit, and social media recommend that every one 4 fashions can get warmer than anticipated right through use. CNBC’s overview of the brand new iPhone Professionals additionally famous the iPhone 15 Professional Max were given sizzling.

    “I simply were given the iPhone 15 Professional these days and it is so sizzling i will’t even grasp it for terribly lengthy!” wrote one commenter on Apple’s boards.

    Apple’s new high-end fashions, the $999 iPhone 15 Professional and $1,199 iPhone 15 Professional Max have a redesigned titanium enclosure with an aluminum body to lead them to more straightforward to fix. The issue with the brand new fashions overheating was once now not associated with the titanium chassis design, Apple stated.

    As an alternative, Apple issues to insects with explicit apps and a trojan horse in iOS that may be fastened with tool updates. Apple stated {that a} coming near near iOS 17 replace to handle the problem may not cut back the efficiency of the gadgets.

    Apple’s website online says that customers would possibly understand telephones feeling hotter when they are arrange from a backup, when they are wirelessly charging, the usage of graphics-heavy apps or video games, or streaming top of the range video. Apple says that it is customary for gadgets to be heat when they are being closely used, and if iPhones do not show a temperature caution, they are secure to make use of.

    Nonetheless lengthy traces

    Folks wait in line to go into an Apple Retailer in New York, because the iPhone 15 is offered, September 22, 2023.

    Scott Mlyn | CNBC

    Up to now, the brand new iPhones seem to be promoting smartly, with send occasions for the gadgets from time to time stretching out for weeks, and lengthy traces showing in entrance of Apple retail outlets on release day.

    “Apparently, lead occasions for the 15 Professional Max, 15 Plus and 15 are monitoring extra increased relative to their predecessors (e.g., iPhone 14 Collection), and the 15 Professional Max is boasting the perfect lead time we’ve observed traditionally throughout all SKUs since we’ve been monitoring lead time knowledge,” JPMorgan analysts wrote in a word closing week.

    However one notable Apple provide chain analyst, Ming-Chi Kuo, stated closing week in a weblog submit that the iPhone 15’s warmth drawback may just harm gross sales.

    Apple has confronted high-profile release problems prior to now however they have not critically impacted the corporate’s long-term outlook.

    The iPhone 4, introduced in 2010, had a design flaw that might result in calls being dropped. Apple presented loose circumstances to ameliorate the issue. In 2012, in a while after the release of the iPhone 5, Apple CEO Tim Cook dinner apologized for Apple Maps being buggy and unreliable. The iPhone 6 launched in 2014 was once criticized for bending below drive.

  • Apple’s Eddy Cue defends default seek contract with Google as most suitable option for customers

    Apple senior vice chairman for services and products Eddy Cue arrives on the Prettyman U.S. Courthouse in Washington, D.C., on Sept. 26, 2023.

    Chip Somodevilla | Getty Pictures

    Eddy Cue, Apple’s senior vice chairman of services and products, testified on Tuesday that the corporate selected to make Google the default seek engine on iPhones as it made essentially the most sense for customers and “there wasn’t a legitimate choice.”

    Cue, Apple’s lead negotiator of its multibillion-dollar contract with Google, seemed in federal courtroom in Washington, D.C., to talk about the long-standing settlement between the 2 corporations. Although extra granular main points of the settlement are prone to arise additional in testimony that is closed to the general public, Cue’s opening statements make clear facets of the deal infrequently mentioned within the open.

    “After we’re choosing serps, we select the most efficient one and we let the client simply exchange them,” Cue stated. He later added that on the subject of choices Apple provides, they’ve some that “consumers have by no means heard of,” which may make them afraid of creating the flawed selection.

    Bernstein has estimated that Google may pay Apple up to $19 billion this 12 months underneath the settlement, although the precise phrases have now not been published.

    When Cue renegotiated the Knowledge Services and products Settlement with Google CEO Sundar Pichai in 2016, one in every of his objectives used to be to get Google to extend the earnings percentage proportion it can pay to Apple, Cue stated in his testimony. Below the phrases, Google can pay an undisclosed reduce of the online earnings it makes from promoting on searches run on Apple units.

    Google CEO Sundar Pichai (L) and Apple CEO Tim Cook dinner (R) concentrate as U.S. President Joe Biden speaks all over a roundtable with American and Indian industry leaders within the East Room of the White Area in Washington, D.C., on June 23, 2023.

    Anna Moneymaker | Getty Pictures

    Cue stated he “concept it used to be the suitable factor and the honest factor for us” to extend the earnings sharing proportion. Apple had constructed the generation and “deserved” the next earnings percentage, he testified.

    Meagan Bellshaw, the Justice Division legal professional, introduced up a 2016 piece of email with Apple CEO Tim Cook dinner, Cue’s boss. Bellshaw directed Cue to reference a “Rosetta Stone” that matched letters to corresponding earnings sharing percentages, in order that the precise numbers would now not be published in open courtroom.

    Within the first alternate that used to be shared, Cook dinner requested Cue how the assembly went, which Cue stated he understood to imply his assembly with Pichai concerning the seek contract. Cue replied that it used to be “just right aside from for the rev percentage.” Pichai “didn’t come again with a particular quantity, however stated there’s no method he may make C proportion paintings,” relating to the quantity Apple sought within the negotiation.

    Within the e mail to Cook dinner, Cue stated he had to meet with Pichai “on my own subsequent week and comply with the industrial phrases or we mustn’t transfer ahead,” relating to the earnings sharing quantity.

    However Cue stated at the stand Tuesday that he used to be assured a deal would get labored out with Google and that he hadn’t severely pondered what Apple would do if it did not.

    “Indisputably there wasn’t a legitimate choice we might have long past to,” Cue testified. “It isn’t one thing that we ever truly in reality thought to be.”

    In the long run, Cue stated he felt it used to be in the most efficient pursuits of each corporations to finalize a deal.

    Cue stated the 2 facets agreed to a earnings sharing proportion that used to be other from the quantity every offered to start with. The phrases of the deal have been renewed in 2021 to increase the contract.

    The DOJ requested whether or not there used to be a provision within the settlement for Apple to give a boost to and protect the deal in connection to govt movements. Cue showed there used to be however that he did not know so much about it. On the time, Cue stated, Google had asked the addition whilst it used to be underneath investigation in Europe, and Apple’s suggest had stated it used to be fantastic to incorporate.

    ‘It frustrates consumers’

    The DOJ additionally requested Cue to element how Apple makes a decision the place and the way it is going to give customers a decision concerning the setup in their iPhones. One choice Google competition have floated to its default standing on units is to provide customers an opportunity to study their seek engine choices in some way that items them similarly.

    Cue’s testimony spoke to one of the crucial demanding situations that way may face.

    He stated that once customers get a brand new instrument, they would like it to paintings temporarily.

    “The extra possible choices or the extra choices that you simply get, it frustrates consumers,” he stated. So when a buyer will get a brand new iPhone, as an example, they will most effective be requested about opting for key main points they need to handle immediately, reminiscent of font dimension.

    Cue stated providing customers a decision for his or her look settings out of the field isn’t the same as settling on a seek engine.

    In sure international locations, reminiscent of China and Russia, Apple has carved out the default standing for Google as it made up our minds that there used to be a more sensible choice for customers in the ones areas. However in different places world wide, the corporate nonetheless sees Google as providing the most efficient revel in, Cue stated.

    In his testimony, Cue additionally reiterated grievance that Apple has on the subject of Google’s privateness practices. Cue stated he consents protective privateness is vital to Apple, together with on seek, and stated the corporate has taken steps to restrict Google’s monitoring skill on its units. For instance, it prevents Google from forcing customers to log in to make use of the quest engine.

    The DOJ offered a slide deck Cue despatched to Cook dinner in January 2013 titled, Competing on Privateness.

    A slide categorised “Privateness Timeline” incorporated a headline about Google’s $22.5 million agreement with the Federal Business Fee in 2012 over claims it misled customers about its monitoring on Apple’s Safari browser. Cue stated he used to be conscious about that agreement when negotiating the Knowledge Services and products Settlement, however added, “now we have at all times concept now we have had higher privateness than Google.”

    Every other slide referenced a quote from former Google CEO Eric Schmidt, who stated the corporate’s coverage boils right down to getting “proper as much as the creepy line” however now not crossing it.

    A later slide referred to as Google’s Android cell running machine “an enormous monitoring instrument.”

    “As I said previous, we expect the iPhone is a a lot more personal instrument,” Cue testified.

    Google declined to remark at the testimony.

    Throughout go exam, Cue testified that having seek built-in into its surfing product out of the field makes Apple’s choices extra aggressive. He referenced Apple founder Steve Jobs’ unique pitch of the iPhone as an iPod, telephone and web to your pocket, pronouncing that is what customers be expecting.

    Apple pioneered the speculation of letting customers seek the internet proper from the cope with bar, Cue stated, a characteristic that later stuck on with different browsers.

    The corporate used to let serps reminiscent of Yahoo and Bing notify consumers via Safari that they may exchange their defaults. Nevertheless it later discontinued that capacity when it discovered serps notifying consumers again and again, diminishing the shopper revel in.

    Cue stated it is simple for customers to modify their default serps nowadays. In the event that they understand how to set their Wi-Fi, he stated, they must additionally understand how to vary their seek defaults.

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    WATCH: Fb battles Apple over person privateness options in iOS replace

  • Apple CEO Tim Prepare dinner seems in New York to have fun iPhone 15 unlock

    Apple CEO Tim Prepare dinner opened the corporate’s 5th Road retailer Friday in New York to have fun the professional unlock of the iPhone 15 lineup, the Apple Watch Collection 9 and the Apple Watch Extremely 2.

    Shoppers flocked to the shop to get their palms at the new gadgets, and the road stretched across the nook of 58th Side road from 5th Road to Madison Road. One guy advised CNBC’s Steve Kovach that he have been ready in line since 8 p.m. the night time earlier than. Prepare dinner unlocked the shop and took selfies with folks as they entered.

    Apple introduced its new gadgets at its annual release match previous this month, and preorders opened Sept. 15. Analysts and traders are staring at carefully to look whether or not the brand new iPhones can reignite the worldwide smartphone marketplace, which is not off course to hit a decade low this 12 months, in step with an August record from Counterpoint Analysis.

    In a Thursday be aware, earlier than the release of the gadgets in retail outlets, analysts at Financial institution of The usa wrote that send dates for the iPhone 15 Professional and Professional Max fashions had been prolonged however “relatively decrease” on reasonable in comparison to the preorder cycle final 12 months.

    Stocks of Apple closed up not up to 1% Friday. The corporate didn’t in an instant reply to CNBC’s request for remark.

    The brand new iPhone 15 lineup begins at $799 and includes a USB-C charging port and a brand new titanium external. CNBC’s Kif Leswing examined the 2 new Professional iPhones, which get started at $999 and $1,199, and located that the titanium is a “massive improve” as it makes the telephone really feel a lot lighter.

    Shoppers should purchase the brand new gadgets at their nearest Apple Retailer or on-line.

  • Apple’s maximum successful line of industrial is making up for some {hardware} struggles

    A person holds an Apple iPhone5S as he makes use of Apple Song app on October 11, 2017 in Hong Kong, Hong Kong.

    S3studio | Getty Pictures

    Apple’s third-quarter profits file on Thursday confirmed a earnings decline within the corporate’s maximum iconic {hardware} merchandise — iPhone, iPad and Mac. The present duration may be tough.

    However offsetting the {hardware} softness is accelerating enlargement in products and services, Apple’s maximum successful trade. That is the department that comes with subscriptions, warranties, licensing charges, and Apple Pay. Within the June quarter, products and services grew over 8% to $21.2 billion in gross sales, dashing up from 5.5% the prior duration. Within the fiscal fourth quarter, the unit will develop even sooner, Apple stated.

    The department’s enlargement was once “higher than we anticipated,” Apple CEO Tim Cook dinner informed buyers on Thursday.

    Apple’s products and services trade is significant for shareholders as it has more potent margins than {hardware} merchandise, is extra predictable on account of routine billing, and gives extra tactics for the corporate to become profitable from its put in base of over 2 billion gadgets. Gross margin for products and services within the June quarter was once 70.5%, nearly double the 35.4% margin for all of Apple’s {hardware} merchandise.

    “It is going from the truth that our set up base continues to develop, so we were given a bigger pool of consumers, to the truth that our consumers are extra engaged, as we have now extra transacting accounts and paid accounts at the ecosystem,” CFO Luca Maestri stated at the profits name.

    Gross sales of iPads and Macs may just fall double-digit percentages on an annual foundation, even though the corporate expects iPhone gross sales do higher than the two% decline the trade posted in the most recent quarter.

    Apple would possibly not set enlargement data for its products and services trade, which crowned 38% at one level right through the pandemic. However the trade is greater now, and analysts be expecting it to put up nearly $60 billion in overall gross sales in fiscal 2023.

    “We all know that there is numerous consumers that we have got which are very aware of our ecosystem, they are engaged within the ecosystem,” Maestri stated. “Nonetheless, these days, they are the use of simplest the portion of the ecosystem this is unfastened, and so we expect that by means of providing higher content material and extra content material over the years, we are going so that you could draw in extra of them as paid consumers.”

    Apple’s file will have to reassure analysts who had apprehensive over the section’s dramatic slowdown since December 2022.

    Contained within the products and services trade is numerous merchandise. Apple by no means breaks down how the products and services pie will get sliced, however officers did give a variety of knowledge issues on Thursday about why they are once more constructive concerning the trade.

    Here is what’s in products and services, in keeping with Apple’s annual SEC submitting:

    Promoting, which incorporates the corporate’s personal platforms that serve advertisements on Apple Information and within the App Retailer, in addition to licensing preparations like the corporate’s maintain Google to be the default iPhone seek engine.AppleCare, the corporate’s prolonged guaranty program.Cloud products and services, like iCloud garage.Virtual content material, like Apple Song, video subscriptions corresponding to Apple TV+, and Apple’s minimize from gross sales on its App Retailer.Fee products and services, together with the costs Apple collects from use of Apple Card and Apple Pay.

    “We set an all-time earnings report for overall products and services and in a variety of classes together with video, AppleCare, cloud, and cost products and services,” Cook dinner stated on Thursday.

    Maestri added that the corporate was once additionally seeing enlargement in promoting, App Retailer, and track, even though the ones simplest set June quarter data, suggesting there have been different quarters with upper earnings from the ones classes.

    Apple stated it has over 1 billion paid subscribers, a host that is doubled in 3 years, and is up by means of 150 million within the ultimate yr. Incorporated within the determine is subscriptions to Apple’s owned and operated products and services in addition to subscriptions to an app on its App Retailer, as the corporate takes a minimize of every acquire.

    Cook dinner stated the corporate’s maintain Primary League Football to broadcast its video games on Apple TV was once beating inside expectancies for subscribers, in part on account of one superstar: Lionel Messi.

    “The truth that Messi went to Inter Miami helped us available in the market a little bit,” Cook dinner stated.

    Apple stocks fell slightly over 2% to $187.15 in prolonged buying and selling after the file.

    WATCH: Messi mania hits South Florida

  • India is now one in every of Apple’s most sensible 5 iPhone markets for the primary time

    Tim Cook dinner, leader government officer of Apple Inc., middle, greets consumers right through the hole of the brand new Apple Saket retailer in New Delhi, India, on Thursday, April 20, 2023. 

    Prakash Singh | Bloomberg | Getty Pictures

    India changed into Apple’s 5th biggest iPhone marketplace in the second one quarter, in keeping with analysis launched Tuesday, because the U.S. generation large ramps up distribution and advertising and marketing in what CEO Tim Cook dinner sees as a essential long term marketplace.

    For Apple, India overtook Germany and France for iPhone gross sales within the June quarter, and is now in the back of the U.Ok., Japan, China and the U.S., Counterpoint Analysis instructed CNBC on Tuesday. It’s the first time India has been one in every of Apple’s most sensible 5 markets for iPhone gross sales.

    India contributed as regards to 4% of all iPhone gross sales in the second one quarter, in keeping with the analysis company. The company was once no longer ready to divulge the precise selection of iPhone gross sales however mentioned they grew 50% year-on-year.

    Apple commanded a 5.1% marketplace proportion in India’s overall smartphone marketplace within the length to the top of June, as opposed to 3.4% in the similar length final 12 months, Counterpoint Analysis mentioned.

    The speedy expansion in India comes as Apple ramps up its presence on the earth’s fifth-largest economic system from each a retail and production standpoint.

    In April, Apple opened its first bodily retail outlets within the nation within the capital of Delhi and the populous town of Mumbai.

    Apple has additionally shifted some iPhone production to India because it seems to diversify clear of China, the place the majority of its flagship smartphone is these days produced.

    India’s smartphone marketplace is ruled through low cost Android smartphones made through Chinese language avid gamers like Xiaomi in addition to Apple’s arch rival Samsung. Then again, there was a expansion within the top rate smartphone section. Smartphones priced above $400 now account for 10% of the full volumes of handsets shipped as opposed to 4% ahead of the Covid-19 pandemic, in keeping with Counterpoint Analysis.

    Apple’s expansion tale in India has been a mixture of the corporate’s “total technique that specialize in distribution and affordability,” Ankit Malhotra, senior analysis analyst at Counterpoint Analysis, instructed CNBC by means of e mail.

    “The primary industry-wide issue is the expansion within the top rate marketplace in India which Apple has taken benefit of.”

    Analysts are serious about the possibilities of India for Apple. Morgan Stanley mentioned in a word Monday that Apple may just account for 15% of Apple’s earnings expansion over the following 5 years. Analysts on the funding financial institution forecast earnings expansion over then subsequent 10 years in India to face at $40 billion.

  • Chinese language state media rebuke Mark Zuckerberg over reported plan to promote Quest headsets

    Mark Zuckerberg, leader govt officer of Meta Platforms Inc., speaks all through the digital Meta Attach match in New York, US, on Tuesday, Oct. 11, 2022. for a digital long term.

    Michael Nagle | Bloomberg | Getty Pictures

    A Chinese language state-controlled media outlet printed a harsh critique of Meta CEO Mark Zuckerberg on Wednesday, accusing the billionaire of necessarily “capturing himself within the foot” when it got here to the Chinese language markets.

    The editorial, printed via a WeChat account affiliated with the Beijing Day by day, got here after The Wall Side road Magazine reported that Meta was once in persevered conversations with Tencent to promote Meta’s line of Quest headsets inside of mainland China.

    The editorial, translated from Mandarin, mentioned that Zuckerberg’s previous criticisms of Chinese language firms, together with ByteDance’s TikTok, necessarily quantity to self-sabotage of his efforts to promote in China. Zuckerberg has been a critic of each explicit China-based firms and common Chinese language company espionage.

    “I feel it is neatly documented that the Chinese language govt steals generation from American firms,” Zuckerberg testified ahead of Congress in 2020.

    The editorial highlighted visits from Apple CEO Tim Prepare dinner and Tesla CEO Elon Musk as examples of certain engagement with the Chinese language regime and markets, including that Zuckerberg’s corporate had by no means been ready to make inroads in China, in obvious distinction to rival tech firms. Google pulled out of mainland China in 2013; Microsoft has longstanding operations there however introduced it will sundown its LinkedIn-like app in China via August.

    Zuckerberg has described TikTok as a “very efficient competitor” in public, and at the back of closed doorways, he has reportedly mentioned the corporate represents an important danger to American companies. After assembly with Zuckerberg and discussing TikTok, Sen. Tom Cotton, R-Ark., co-wrote a letter to U.S. intelligence officers asking for an inquiry into TikTok, The Wall Side road Magazine reported.

    Senior officers on the Division of Justice and the Division of Place of origin Safety have warned that Chinese language cyberattacks are important threats, however U.S. officers’ willingness to overtly identify China as a cyber adversary comes at the same time as tech CEOs appear to pull away or stroll again open grievance of the regime.

    Neither Google CEO Sundar Pichai nor Apple’s Prepare dinner explicitly stated Chinese language business espionage in the similar February 2020 testimony, even if Pichai stated in a while in his testimony that China compromised Google’s highbrow assets in a 2009 cyberattack.

  • Apple’s Tim Prepare dinner calls India ‘large alternative’ after tech assembly at White Space with Top Minister Modi

    US President Joe Biden seems to be on as India’s Top Minister Narendra Modi speaks throughout a gathering with senior officers and CEOs of American and Indian firms, within the East Room the White Space in Washington, DC, on June 23, 2023. 

    Brendan Smialowski | AFP | Getty Photographs

    The CEOs of Apple, Alphabet, Microsoft were given a wholesome does of facetime with the chief of India this week, who was once within the U.S. to satisfy with President Biden in addition to different political and industry leaders.

    The tech corporate professionals spent over an hour with Top Minister Narendra Modi throughout the White Space on Friday, discussing alternatives and demanding situations in making an investment in India. Previous within the week, Modi met with Tesla CEO Elon Musk.

    After the assembly concluded on the White Space, Apple CEO Tim Prepare dinner advised CNBC that India represents a “large alternative.” When requested if Apple would proceed increasing there, he pointed to the 2 retail retail outlets the corporate opened in India previous this yr.

    It was once the primary state talk over with to the U.S. for Modi, who changed into high minister in 2014. Following Friday’s assembly, the White Space mentioned Google shall be running with the Indian Institute of Science on open sourcing of speech information for synthetic intelligence fashions.

    OpenAI CEO Sam Altman was once additionally in Washington for the development. Two other people with wisdom of the topic mentioned Altman and Modi mentioned alternatives to collaborate on AI.

    Hemant Taneja, CEO a bet capital company Basic Catalyst, attended the roundtable. Forward of the assembly, he shared with CNBC his intentions to search out alignment on efforts to streamline generation switch laws between the U.S. and India, which has overtaken China as the arena’s most-populous nation. U.S. family members with China have grow to be more and more strained up to now few years.

    We’re in a virtual chilly conflict with China, and this way will in the end foster an environment of larger cooperation,” Taneja mentioned.

    Huge semiconductor firms like Micron and Carried out Fabrics used Modi’s talk over with as a chance to announce plans to make important investments India. Micron is aiming to open a facility in Modi’s house state of Gujarat as the wider chip trade seems to be for methods to diversify its provide chain. Lam Analysis printed plans to coach 60,000 Indian engineers. 

    Get right of entry to to extremely professional hard work and out of date hard work regulations are demanding situations for American companies in the case of staffing up in India.

    “U.S. firms in India have had difficulties through the years with regulatory uncertainty in addition to demanding situations in relocating or terminating workers,” mentioned Kenneth Juster, former U.S. Ambassador to India. Juster, who is now a prominent fellow on the Council on Overseas Family members, mentioned he stays positive, including that India has pledged to ease the method for international firms to do industry there.

    WATCH: Large tech CEOs meet with Biden

  • Jack Dorsey’s plan for decentralized social app is also thwarted through Apple’s strict fee regulations

    Twitter CEO Jack Dorsey addresses scholars all the way through a the city corridor on the Indian Institute of Era (IIT) in New Delhi, India, November 12, 2018.

    Anushree Fadnavis | Reuters

    A workforce at the back of the decentralized social messaging app Damus, which is sponsored through Twitter co-founder Jack Dorsey, mentioned on Tuesday that Apple may take away the app from its App Retailer inside 14 days.

    Damus mentioned in a tweet that Apple is thinking about the ban on account of the messaging app’s integration with the Lightning Community, a fee protocol that we could customers change bitcoin at once over the community with no need every other app. On Nostr — the underlying platform Damus runs on — some of these bills are referred to as “zaps.”

    The transfer may stall one plan to ease using bitcoin and switch it right into a extra handy transnational virtual forex.

    In its tweet, Damus mentioned that Apple is anxious that zaps may well be utilized by content material creators to promote virtual content material on its platform.

    Damus shared a picture of its Apple App Retailer Overview caution that mentioned that Apple “spotted that your app permits customers to ship ‘pointers’ related to receiving content material from virtual content material creators with a mechanism as opposed to in-app acquire.”

    Apple has an extended historical past of prohibiting app makers from the use of in-app bills to promote further content material or add-ons, except the ones bills undergo Apple, which takes a 30% lower.

    However Damus mentioned Apple is false impression the position of zaps.

    Dorsey, who may be the CEO of bills corporate Block (previously Sq.), tweeted strengthen for Damus, alleging that Apple is false impression “how this selection works and what it is for,” and referred to as for Apple CEO Tim Cook dinner to rethink casting off Damus from the app retailer.

    “It is a vital a part of the way forward for the web,” Dorsey mentioned. “It has the capability to deliver other folks world wide into the financial system with out the normal gatekeepers.”

    Dorsey is a cryptocurrency adherent, and Block has made a number of large bets on cryptocurrency, together with a gadget to lend a hand other folks “mine” bitcoin — that is the technique of operating resource-intensive pc methods to validate bitcoin transactions and create new cash.

    In every other tweet, Damus mentioned that Apple contacted the workforce and “scheduled a choice to talk about the position of zaps in additional element.”

    Apple didn’t in an instant reply to a CNBC request for remark.

    Ultimate December, Dorsey donated 14 bitcoin value more or less $245,000 on the time to the workforce construction Nostr, which is a decentralized social media initiative supposed not to be owned through any specific chief or industrial entity. Nostr customers can deal with their identities on a couple of Nostr-powered apps like Damus and change bitcoin with every different by the use of the Lightning community.

    Dorsey, one of the most co-founders and previous CEO of Twitter, has been championing decentralized apps as the following evolution of social media, by which customers can discuss their minds and no longer be compelled to stick to insurance policies through the social media operators.

    Numerous those platforms haven’t any algorithms to counsel specific content material — a sore level for some Twitter customers who bitch they are seeing much less related content material within the “For You” tab of Twitter since Musk took over. They do not promote advertisements, and do not acquire and promote person knowledge, which might be the vintage ways in which social networks generate profits.

    Dorsey is lately additionally a backer of the Bluesky messaging app, which is constructed on most sensible of a decentralized networking generation referred to as the AT Protocol. Bluesky, which continues to be simplest to be had to customers by the use of invites, has grown in recognition as customers flee Twitter amid a upward thrust of hate speech and insects, but it surely nonetheless a lot smaller than the preferred messaging app, which Elon Musk purchased closing fall.

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