Latest news with #Wistron
Time of India
5 days ago
- Business
- Time of India
Apple gives Tata India iPhone repair business as partnership expands
HighlightsApple has partnered with Tata Group to manage repairs for iPhones and MacBook devices in India, indicating Tata's expanding role in Apple's supply chain. Tata Group is taking over the after-sales repair mandate from an Indian unit of Taiwan's Wistron, specifically ICT Service Management Solutions. With iPhone sales rising rapidly in India, Apple may explore selling refurbished devices directly in the country, similar to its operations in the United States. Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian conglomerate's deepening role in the US tech giant's supply chain, two people familiar with the matter said. As Apple looks beyond China for manufacturing, Tata has fast emerged as its key supplier and already assembles iPhone s for local and foreign markets at three facilities in south India, with one of them also making some iPhone components. In its latest partnership expansion, Tata is taking over the mandate from an Indian unit of Taiwan's Wistron, ICT Service Management Solutions, and will carry out such after-sales repairs from its Karnataka iPhone assembly campus, both sources said. The market for repairs is only going to boom in India, the world's second-biggest smartphone market, as iPhone sales skyrocket. Counterpoint Research estimates around 11 million iPhones were sold in India last year, giving Apple a 7% market share, compared to just 1% in 2020. The latest contract award signals Apple's growing confidence on Tata as it hopes to win more business from the world's most valuable smartphone company. "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 currently," said Prabhu Ram, a vice president at Cybermedia Research. The takeover from ICT by Tata is currently ongoing, both sources said, who declined to be named as they were not authorized to speak on the matter. Apple and Wistron did not respond to requests for comment, while a spokesperson for Tata declined to comment. While Apple's official service centres across India can do basic repairs, they would now ship phones and laptops to Tata's facility for more complex issues. Wistron's ICT however will continue to service other clients excluding Apple, one of the sources said. Amid an impending threat of US President Donald Trump's tariffs on China, India is also emerging as a favoured destination for iPhone exports. Apple CEO Tim Cook has said the bulk of iPhones sold in the United States during June quarter will be made at factories in India.
The Hindu
5 days ago
- Business
- The Hindu
Apple gives Tata India iPhone repair business as partnership expands
Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian conglomerate's deepening role in the U.S. tech giant's supply chain, two people familiar with the matter said. As Apple looks beyond China for manufacturing, Tata has fast emerged as its key supplier and already assembles iPhones for local and foreign markets at three facilities in south India, with one of them also making some iPhone components. In its latest partnership expansion, Tata is taking over the mandate from an Indian unit of Taiwan's Wistron, ICT Service Management Solutions, and will carry out such after-sales repairs from its Karnataka iPhone assembly campus, both sources said. The market for repairs is only going to boom in India, the world's second-biggest smartphone market, as iPhone sales skyrocket. Counterpoint Research estimates around 11 million iPhones were sold in India last year, giving Apple a 7% market share, compared to just 1% in 2020. The latest contract award signals Apple's growing confidence on Tata as it hopes to win more business from the world's most valuable smartphone company. "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 currently," said Prabhu Ram, a vice president at Cybermedia Research. The takeover from ICT by Tata is currently ongoing, both sources said, who declined to be named as they were not authorized to speak on the matter. Apple and Wistron did not respond to requests for comment, while a spokesperson for Tata declined to comment. While Apple's official service centres across India can do basic repairs, they would now ship phones and laptops to Tata's facility for more complex issues. Wistron's ICT however will continue to service other clients excluding Apple, one of the sources said. Amid an impending threat of U.S. President Donald Trump's tariffs on China, India is also emerging as a favoured destination for iPhone exports. Apple CEO Tim Cook has said the bulk of iPhones sold in the United States during June quarter will be made at factories in India.
South China Morning Post
5 days ago
- Business
- South China Morning Post
Apple gives Tata India iPhone repair business as partnership expands, sources say
Apple had brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian conglomerate's deepening role in the US tech giant's supply chain, two people familiar with the matter said. Advertisement As Apple looks beyond China for manufacturing, Tata has fast emerged as its key supplier and already assembles iPhones for local and foreign markets at three facilities in south India, with one of them also making some iPhone components. In its latest partnership expansion, Tata was taking over the mandate from an Indian unit of Taiwan's Wistron, ICT Service Management Solutions, and would carry out such after-sales repairs from its Karnataka iPhone assembly campus, both sources said. The market for repairs is going to boom in India, the world's second-biggest smartphone market, as iPhone sales skyrocket. Counterpoint Research estimates around 11 million iPhones were sold in India last year, giving Apple a 7 per cent market share, compared to just 1 per cent in 2020. Apple CEO Tim Cook attends the inauguration of India's first Apple retail store in Mumbai in April 2023. Photo: Reuters The latest contract award signals Apple's growing confidence in Tata as it hopes to win more business from the world's most valuable smartphone company.
New Indian Express
5 days ago
- Business
- New Indian Express
Apple partners with Tata Group for iPhone, MacBook repairs in India
In a move that could expand iPhone manufacturer Apple Inc.'s footprint in India, the company has announced a partnership with the Tata Group to manage after-sales repairs for its iPhones and MacBook devices in the country. According to a report citing sources, the repairs will be conducted at Tata's existing iPhone assembly campus located in Karnataka. Tata is taking over the repair mandate from ICT Service Management Solutions, the Indian arm of Taiwan's Wistron. While Apple's authorized service centers across India handle basic repairs, devices requiring more complex servicing will now be shipped to Tata's specialized facility. Wistron's ICT unit will continue to provide services for its other clients, excluding Apple. The announcement comes despite warnings from US President Donald Trump, who urged Apple CEO Tim Cook to manufacture iPhones intended for the US market domestically—or face a 25% tariff. This marks the second instance in which the US president publicly discouraged Apple from expanding its manufacturing base in India. On his Truth Social platform, Trump stated that he told Cook to ensure iPhones for American consumers are made in the US, not in India or anywhere else. In May 2025, during a business trip to Qatar, Trump reiterated his opposition to Apple increasing its investments in Indian manufacturing.
Yahoo
5 days ago
- Business
- Yahoo
Apple EPS Faces 2--3% Hit After Epic Ruling
Apple (NASDAQ:AAPL) is bracing for a 23% EPS headwind after a federal appeals court upheld an injunction requiring link-out payments in the App Store, potentially shifting billions in developer fees over the next two years. Despite this ruling taking effect April 30, May App Store revenue climbed 13% overall (10% in the U.S.), suggesting many developers won't abandon Apple's ecosystem due to the convenience and trust of its billing. Evercore ISI's Amit Daryanani notes the App Store generates about $21 billion in annual sales, with roughly $7 billion of that coming from U.S. developer fees; while a complete fee loss would imply a 6% EPS hit, he expects a more modest impact as developers weigh higher alternative fees against Apple's seamless experience. J.P. Morgan's Samik Chatterjee agrees on a 2%3% EPS drag, citing an AlphaWise survey where 28% of U.S. iPhone users say they'd be extremely likely to link outputting roughly $3.7 billion in revenue at risk and translating to a worst-case 16-cent EPS hit (2%). Morgan Stanley's data also points to a 2% EPS exposure. Gaming accounts for about 65% of U.S. App Store sales, mostly $0.99 one-time purchases; if users switch to payment platforms like Stripe, they could end up paying 3% plus 30 cents per transactionoften more than Apple's 27% commission. Apple insists that over 90% of 2024 billings incurred no commission and emphasizes the App Store's role in helping developers reach a global audience. CEO Tim Cook highlighted that so many developers design great apps, build successful businesses, and reach Apple users through this platform. Investors should watch June App Store metrics and upcoming appellate developments to gauge the long-term financial fallout, since even a small EPS hit matters given Apple's $3 trillion valuation. In other news, Apple has tapped India's Tata Group to handle after-sales repairs for iPhones and MacBooks in India, taking over from Taiwan's Wistron unit, ICT Service Management Solutions. Tata already assembles iPhones at three South India facilitiesone of which produces certain partsand will now carry out repairs at its Karnataka assembly site. This ongoing transition underscores Apple's confidence in Tata as it diversifies manufacturing beyond China, where Tata also assembles devices for domestic and export markets. Apple, Wistron and Tata declined immediate comment. This article first appeared on GuruFocus. 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
