Latest news with #Apple-related
Hindustan Times
a day ago
- Business
- Hindustan Times
Apple taps Tata for iPhone and MacBook repairs in India
Apple has officially partnered with India's Tata Group to handle iPhone and MacBook repairs in the country, Reuters reported this week, a significant shift that underlines India's rising importance in Apple's global strategy. Tata will now take over after-sales repair operations from Wistron's Indian subsidiary, ICT Service Management Solutions. The repairs, including advanced tasks like motherboard fixes and screen replacements, will be centralised at Tata's Karnataka campus. This is the same facility that already assembles iPhones for both domestic consumption and export. While Apple's authorised service centres across India will continue to handle standard repairs, more complex cases will now be routed through Tata's site. This move not only streamlines service delivery but further embeds Tata as a key player in Apple's India operations. Tata already operates three Apple-related facilities in southern India and is reportedly the first Indian company to take on full-scale iPhone assembly. Now, with repairs added to the portfolio, the company is extending its control across more of the iPhone lifecycle, from manufacturing to servicing. Apple's expanding relationship with Tata comes amid growing efforts to reduce reliance on China for both manufacturing and logistics. With tensions between the US and China continuing to simmer, India has emerged as a more geopolitically stable and cost-effective partner. Apple shipped a record 11 million iPhones in India in 2024, growing from a mere 1% market share in 2020 to around 7% today, according to Counterpoint Research. The company is also on track to open its third retail store in Bengaluru's Phoenix Mall of Asia, a clear sign of rising consumer demand. This growing installed base naturally demands stronger service and repair infrastructure, which the Tata partnership appears poised to deliver. Industry watchers believe the move could signal more than just a service overhaul. According to Prabhu Ram of CyberMedia Research, 'Tata's deepening partnership with Apple could also pave the groundwork for Apple directly selling refurbished devices in India, like how it does in the United States.' Apple has yet to officially confirm plans for refurbished sales or comment on the repair transition. But with Tata now managing both production and post-sale support, the groundwork is clearly being laid for a more integrated, and potentially circular, Apple ecosystem in India.
Yahoo
23-05-2025
- Business
- Yahoo
Intuit (NasdaqGS:INTU) Raises 2025 Earnings Guidance; Reports Strong Q3 Growth
Intuit recently raised its earnings guidance for fiscal 2025 and reported strong third-quarter results, with revenue up significantly from the previous year. This positive momentum contributed to a 17.79% price increase over the last quarter, contrasting with broader market trends where tech shares faced declines due to trade worries and Apple-related tariff threats. Although the overall market experienced fluctuations with a 1.4% drop in recent trading, Intuit's robust financial performance and optimistic outlook likely added confidence amid these external pressures, setting it apart from the tech sector's struggles during the period. We've discovered 1 weakness for Intuit that you should be aware of before investing here. We've found 19 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Intuit's recent earnings guidance and strong third-quarter results highlight a significant boost in investor confidence, reflected in its impressive quarterly share price increase. This momentum could further enhance the company's AI-driven strategies mentioned in the narrative, possibly accelerating growth in revenue and earnings. Over the past five years, Intuit has delivered a commendable total shareholder return of 142.19%, considerably outperforming its recent one-year performance relative to the broader US software industry, which achieved higher returns than Intuit. The positive financial outlook may impact revenue forecasts positively, especially as Intuit continues to expand its AI-powered services, potentially boosting customer adoption and retention. Analysts' earnings forecasts hinge on maintaining this upward trajectory, with expectations that depend on a sustained increase in profit margins and revenue growth. With a current share price of US$626.55, Intuit trades at a discount to the consensus analyst price target of US$697.18, suggesting room for future growth if current business strategies successfully materialize. However, robust execution of AI initiatives will be crucial to justifying these optimistic forecasts. Dive into the specifics of Intuit here with our thorough balance sheet health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:INTU. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
India Today
21-04-2025
- Business
- India Today
Apple boosts Q2 iPhone shipments amid US China trade tensions
Apple has reportedly increased production of iPhones and iPads in the second quarter of this year as a precautionary move amid rising trade tensions between the US and China. According to a report by Morgan Stanley, the company has raised its iPhone output from 41 million to 45 million units and iPad production from 11.5 million to 13 million units. This increase comes in response to uncertainty over changing US tariff policies, as the Trump administration considers new duties on Chinese goods. Apple is believed to be stocking up inventory to avoid sudden cost hikes and meet anticipated ongoing trade dispute between the US and China has placed tech companies in a difficult position. Apple's decision to boost production is being viewed as a proactive step to shield itself from potential disruptions caused by sudden policy changes. With the Trump administration proposing a 'flexible tariff' on mobile devices and semiconductors, many companies are unsure how the final rules will play out. Although the US recently announced that smartphones and semiconductors would be excluded from some reciprocal tariffs, the details around flexible tariffs remain increased manufacturing is not just about preparing for tariffs — it's also a strategic move to strengthen its global inventory. According to Morgan Stanley, this change in production is to maintain the inventory levels of Apple-related models, especially in markets that may be affected by price or supply chain issues. Based on the report, Apple's iPhone production is set to rise by 15 per cent year-on-year, while iPad output will go up by 24 per The production hike is expected to benefit several of Apple's key suppliers. South Korean firms like Samsung Display, LG Display, and LG Innotek are among those set to gain. These companies provide crucial components like OLED panels and camera modules for Apple's devices. In fact, over 40 per cent of Samsung Display's revenue reportedly comes from Apple, while LG Innotek and LG Display have 81 per cent and 54 per cent exposure to Apple-related business, further reduce its dependency on Chinese manufacturing and avoid future tariff shocks, Apple is continuing to diversify its production locations. As per reports, the company has asked its suppliers to expand iPhone manufacturing in India. It has also started shifting MacBook and iPad production to Vietnam. Additionally, Apple has begun assembling the iPhone 16e in Brazil — a move that highlights its long-term plan to lower reliance on industry insider noted that the current production ramp-up is focused on existing models from last year, but with the iPhone 17 expected later in 2025, further increases in output could be seen. 'If we can also break free from tariff pressures, it could act as a boon,' the source added.
Yahoo
20-03-2025
- Business
- Yahoo
Apple is reportedly losing $1 billion a year on its streaming service as churn levels increase
Apple's (AAPL) streaming platform is losing a reported $1 billion a year as the company faces stiff competition and a more choosy consumer. According to a report in the Information, Apple — which just shed around $700 billion as a result of Wall Street's latest tech rout — consistently spent over $5 billion annually to beef up its content slate since launching in 2019. That number, though, dramatically decreased to just about $500 million last year, the report said. Apple did not immediately respond to Yahoo Finance's request for comment. The update comes as many media giants have pulled back on spending in favor of profitability. More streaming platforms are cracking down on password sharers and have also bundled their respective offerings to prevent churn or users abandoning their subscription plans. Last year, Apple partnered with Netflix (NFLX) and Comcast's Peacock (CMCSA) to launch a new bundle dubbed StreamSaver, exclusively available to Comcast broadband internet service customers for a cost of $15 a month. The monthly price of a solo Apple TV+ subscription currently sits at $9.99, although users can bundle Apple's streaming service with other Apple-related products like Apple Arcade, Apple News+. I's unclear the recent bundles are helping. According to data compiled by subscription analytics platform Antenna, Apple's streaming service had the highest churn percentage of all the major streaming platforms, with the exclusion of Starz, with 7% of users churning out of the service during the month of February, compared to just 2% of users for Netflix and 4% of users for Disney+. Notably, Apple has adopted a strategy different from those of its competitors. For one, its content slate is more limited, although it does boast highly acclaimed titles, including award-winning series like "Severance," "Shrinking," and "Ted Lasso." It was also the first streaming platform to take home an Oscar win for best picture (thanks to "Coda.") In total, Apple TV+ productions have earned more than 2,500 nominations and 538 wins, CEO Tim Cook said on the company's January earnings call. Apple TV+ does not release subscriber figures, although analysts have pegged total users anywhere from 30 million to 40 million. Compared to Netflix, which boasts over 300 million subscribers thanks to its substantial global presence, Apple TV+ does not have high penetration in emerging markets, which have become increasingly important drivers as streaming hits peak saturation levels in the US and Canada. "Apple's streaming service never set out to be number one," Santosh Rao, head of research at Manhattan Venture Partners, previously told Yahoo Finance. "Apple is good at the game that they play, but it's not a mass appeal game. They want to be the creative storytellers. They're more focused." In January, Apple reported first quarter earnings that showed all-time highs for services revenue, which includes sales from businesses like Apple TV+, along with the App Store and Apple Music. Revenue for the division climbed to $26.34 billion for the period compared to $23.12 billion in the prior year. Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on Twitter @allie_canal, LinkedIn, and email her at
