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India.com
2 hours ago
- Business
- India.com
Apple chief Tim Cook snubs Donald Trump, gives another gift to India as tech giant to open...
(File) Amid Donald Trump's recent threat to impose 25% import tariffs on Apple if the tech giant increases its iPhone production in India, the company has announced to open its third retail store in the country. The new Apple Store will be opened in the Phoenix Mall of Asia in Bengaluru, according to a Business Standard report. New Apple Store to open in Bengaluru As per the report, Apple's new retail store, its third in India, is spread across over 8,000 square fee, almost equal to its counterpart in Delhi, but smaller than the company's flagship store in Mumbai, which is spread across a whopping 20,800 square feet. The upcoming Apple Store in Bengaluru will feature all the distinctive and recognizable features associated with the company's retail outlets, including a minimalist design, professional staff dressed in Apple uniforms, and an abundance of glass. Apple has leased the space for 10 years, and will pay 2 percent of its total earnings as rent for the first three, which will increase to 2.5 percent for the remaining lease period, according to the report. The lease period began from November 8, 2024, and rent will start August 8, 2025, which means the store will likely open in next few months, presumably in late July or early August. Apple's India plan Experts believe that the new Apple Store is more than just another retail store, but a part of company's larger plan to strengthen its roots in India as it plans to stay in the country for a long period, despite Donald Trump's tariff threats. Apart from being a giant market for Apple products, India is also emerging as a manufacturing hub for the company, which is evident from its recent assertion that the majority of iPhones that will be sold in the US from June 2025, will carry a 'Made in India' tag, while iPads, MacBooks, Apple Watches and AirPods will be shipped from Vietnam. However, things are expected to become difficult for Apple if it chooses to increase iPhone manufacturing in India, defying Donald Trump's diktat, who has threatened to impose 25% import tariffs on iPhones manufactured outside the United States.
Hans India
a day ago
- Business
- Hans India
Building India's AI-Ready Workforce: The Launch of Mirai School of Technology
New Delhi: In a bold response to India's growing AI talent gap, which is projected to exceed 1 million skilled professionals by 2027, Mirai School of Technology makes its debut today as India's new age AI-first higher education company. and BCA degrees offered by AICTE and UGC-approved colleges are powered by Mirai School of Technology to deliver AI-first technical education—reimagining engineering for an era where artificial intelligence is no longer optional, but essential. Mirai redefines conventional education by empowering students to become tomorrow's tech leaders. While traditional programs remain rooted in outdated methods and theory-heavy learning, Mirai is driven by a bold belief: education should be centered around the tools and technologies that will shape the workplace of 2030. Founded by Arpit Sarda (BITS Pilani, IIM Kozhikode), and strengthened by the strategic collaboration with Varun Kohli (CEO & Co-Founder at Coding Blocks) and Kartik Mathur (NSIT, Co-Founder at Coding Blocks) — the two minds behind one of India's most impactful tech education platforms that has mentored over 250,000+ students. Together, they aim to build a future-focused learning ecosystem that equips students with hands-on AI skills and real-world career outcomes. 'Mirai isn't just a new institution—it's a movement to bridge the gap between today's education and tomorrow's tech careers,' says Arpit Sarda, Founder of Mirai. 'We're building an ecosystem where students learn to lead with AI, not just adapt to it.' "What makes Mirai revolutionary isn't just what we teach, but how we teach it," explained Kartik Mathur, Founding Member and Academic Head at Mirai. "Our students don't just learn about AI—they build with it from day one, using the same tools powering innovations at companies like Google and OpenAI." As AI continues to redefine global industries and talent demands, India faces a pressing need to produce skilled professionals who can drive innovation. Mirai enters the scene at this critical moment with a bold, disruptive model rooted in four core pillars: AI-First Education: Programs built around 15+ top AI tools, 6+ global certifications, and programs are designed around real-world AI applications—from generative AI to LLMs and APIs—preparing students for the technologies of tomorrow, today. Code with AI from Day 1: From the very first week, students build, debug, and create with AI as a co-pilot. Tools like GitHub Copilot, ChatGPT Plus, and other AI development platforms are integrated into daily coursework—helping students write smarter code, learn faster, and think like real-world engineers. Infra Designed for Coders: State-of-the-art facilities including Apple labs, robotics labs, and smart classrooms—plus personal MacBooks and subscriptions to premium AI tools like GitHub Copilot and ChatGPT Plus. Selection of Top 20%: Admission is merit-based, with only the top 20% selected—fostering a competitive, high-potential peer group that drives excellence. It's not just about getting in—it's about becoming part of a community where ambition is the common language Tech Practitioners as Teachers: Courses are led by engineers, founders, and industry experts, ensuring every lesson is rooted in practical experience and evolving industry needs. This ensures that students don't just study technology—they absorb its context, challenges, and evolving nature. It's learning that's alive, applied, and aligned with what companies truly value. 'From industry-certified learning paths to global AI competitions and startup incubation, Mirai offers unmatched depth and exposure,' says Varun Kohli, Founding Member and Learning Head at Mirai. 'This is tech education, reimagined for the AI age.' With India's AI market expected to reach $17 billion by 2027 and showing rapid growth potential, coupled with a significant shortage of AI-skilled professionals, Mirai emerges at a critical juncture. Through AI-first and BCA programs offered by partner colleges, Mirai provides students with a clear pathway into high-growth AI careers across healthcare, finance, automotive, and other emerging sectors. Arpit Sarda _ Founder _ Mirai School of technology
Hindustan Times
2 days ago
- Business
- Hindustan Times
Apple to open third Indian store in Bengaluru as US trade tensions rise: Report
Apple is set to open its third retail store in India at Bengaluru's Phoenix Mall of Asia, according to a report by Business Standard. The store will span approximately 8,000 square feet and is expected to follow the company's growing strategy in India, despite rising geopolitical friction between Apple and former US President Donald Trump. The upcoming Apple Store will be located on the first floor of the Phoenix Mall of Asia in Hebbal, Bengaluru. Its size is comparable to Apple's Delhi store but significantly smaller than the flagship Mumbai location, which spans more than 20,800 square feet. As per the leasing arrangement, Apple has signed a 10-year lease and will pay rent along with a revenue-sharing component. For the first three years, the company will pay 2% of the store's revenue, increasing to 2.5% from the fourth year onwards. This location is one of four new Apple Stores planned in India, with other sites expected in Mumbai, Pune, and Delhi-NCR. Apple opened its first two Indian stores, one in Mumbai and another in Delhi, in 2023. The new Bengaluru store further underscores Apple's strategic focus on India, both as a fast-growing consumer market and a key node in its global supply chain. The expansion also aligns with Apple CEO Tim Cook's statement during the Q2 2025 earnings call, in which he highlighted a significant shift in Apple's manufacturing geography. 'For the June quarter, we do expect the majority of iPhones sold in the U.S. will have India as their country of origin,' Cook said, adding that other devices like iPads and MacBooks sold in the US will be sourced from Vietnam. This shift comes amid Apple's ongoing effort to diversify its supply chain away from China. However, the company's ramp-up in India is drawing criticism from former President Donald Trump, who has threatened to impose a 25% tariff on iPhones manufactured outside the United States. Trump's comments followed Apple's decision not to attend a business delegation to the Middle East, reportedly causing further friction between the tech giant and the former US administration. Despite these headwinds, Apple appears committed to deepening its footprint in India—both in manufacturing and retail—signalling that any reversal in this strategy is unlikely in the near term.
Yahoo
2 days ago
- Business
- Yahoo
UBS Reiterates Neutral on Apple (AAPL) as Tariff Talk Sparks iPhone Buying Surge
We recently published a list of . In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other AI stocks on latest news and ratings. One of the most notable analyst calls on Tuesday, May 28, was for Apple Inc. (NASDAQ:AAPL). Apple is a technology company known for its consumer electronics, particularly the iPhones and MacBooks. UBS analyst David Vogt reiterated a Neutral rating on the stock with a $210.00 price target. The firm's checks show an 'uptick' in foot traffic following the tariff announcements. While Apple's management mentioned in their earnings calls that they didn't observe any significant pre-buying activity in March, Vogt highlighted how Counterpoint's sell-through data indicated otherwise. The data revealed that there was significant pre-buying activity of iPhones in anticipation of tariffs. A wide view of an Apple store, showing the range of products the company offers. The sell-through data further reported that iPhone unit sales in China were nearly 4% lower year-over-year in April. On the other hand, sales in the United States saw an 18% increase, whereas Europe experienced a 5% rise, and the rest of the world, except for China, relished a roughly 25% surge in sales. 'Following the announcements of US imposed tariffs across China and Southeast Asia in early April, anecdotal iPhone checks indicated an uptick in foot traffic in Apple stores and other smartphone point of sale outlets like Best Buy and telecom operator stores.' Overall, AAPL ranks 4th on our list of AI stocks on latest news and ratings. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AAPL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
2 days ago
- Business
- Yahoo
Trump's 25% Tariff Threat Looms, But Apple (AAPL) Isn't Moving
We recently published a list of . In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other AI stocks that are on analyst's radar today. One of the most notable analyst calls on Tuesday, May 27, was for Apple Inc. (NASDAQ:AAPL). Apple is a technology company known for its consumer electronics, particularly the iPhones and MacBooks. Morgan Stanley analyst Erik Woodring reiterated an 'Overweight' rating on the stock with a $235.00 price target. As per the analysts, a 25% tariff on the iPhones imported into the United States is not likely to drive the company to reshore its production. 'While 'time to market' of a U.S.-produced iPhone is one major impediment, our math says a 25% tariff on iPhone imports isn't enough incentive for Apple to reshore U.S.-bound iPhone production.' Moreover, they believe that building iPhone assembly plants in the US is likely to take 'a minimum of 2+ years, and several billions.' Tariff concerns were reignited last week when US President Donald Trump threatened Apple and other smartphone makers with a 25% tariff if they don't manufacture their phones in the United States. A wide view of an Apple store, showing the range of products the company offers. However, Morgan Stanley stated that the economics still favor overseas manufacturing. 'A U.S.-produced iPhone would be 35% more expensive than a China/India-produced iPhone, much more than the 4-6% price hike needed to offset a 25% import tariff.' However, Apple's defiance may come at a certain cost. 'CEO Tim Cook's status with the current administration deteriorates from here. Is a 50% tariff enough to shift production to the U.S.?' Albeit the pressure, the firm also hinted at how Apple could neutralize the threat with further U.S. investment. This will be part of its previously announced $500 billion commitment. Overall, AAPL ranks 4th on our list of AI stocks that are on analyst's radar today. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AAPL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
