US President Donald Trump on Friday announced that iPhone maker Apple will have to pay a 25 per cent import tariffs if its mobile handsets sold in US are not produced in the boundaries of the country.
Apple unveiled the iPhone 16 series on September 9. Now, the tech giant has started selling the new-generation iPhones in India, and people are enthusiastic about purchasing them. Different outlets in the country are witnessing long queues.
Apple Inc's annual sales in India hit a record of almost USD 8 billion in the recently concluded financial year 2023-24, reported Bloomberg, quoting a person familiar with the data.
Apple assembled USD 14 billion worth of iPhones in India last financial year, doubling production in the country in what could be seen as a diversification in manufacturing beyond China, Bloomberg reported on Wednesday.
With its economy growing with full potential, India has become indispensable to US's efforts to assert itself in Asia and deter Chinese aggression, according to The Economist.
New Delhi [India], October 12 (ANI): Apple Inc on Wednesday said 5G services will be enabled via a software update and shall be rolled out to iPhone users in India this December.