Thursday April 9, 2020
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Apple confirms Tim Cook, Modi meeting

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Tim_Cook_2009_croppedBy NewsGram Staff Writer

Apple CEO Tim Cook is due to meet with Indian prime minister Narendra Modi later this month during the latter’s tour of the US west coast, an Apple spokesperson confirmed on Wednesday, according to this AppleInsider report.

According to India’s Economic Times, the spokesperson declined to say what the topic of discussion would be. Three sources for the newspaper indicated that the prime minister’s Office is yet to set an agenda after discussion with Apple.

It is believed that Apple is interested to invest in building manufacturing capacities in India, which could prove to be a huge boost for Modi’s initiatives such as ‘Make in India’ and ‘Digital India’. While India’s manufacturing sector has a long way to go, for Modi’s US visit, the main focus is on the entrepreneurship and digital innovation sectors, which are taking India to new heights.

Apple is dependent entirely on third-party resellers in the region and doesn’t even have a local online store. The company is working towards a brisk expansion of its reseller network, with special emphasis on improving iPhone sales, according to the AppleInsider report. Although iPhone numbers rose 93 percent in India during the June quarter, Apple has had difficulty making headway against Android-based phone makers. This is partly because phones are often sold in small independent shops that don’t fit with the company’s normal chain-oriented retail strategy.

Apple differentiates between refurbished and second-hand products in this Times of India article, saying that Apple products have a much longer life than Samsung or other similar products, if properly refurbished. Apple believes its refurbished products such as phones, computers, tablets and laptops have a big market in Asia. Under India’s current industrial policy refurbishing is not allowed. However, there might be a change in policy with Apple’s arrival.

Apple uses manufacturing facilities of Foxconn, which has recently promised to invest $5 billion in a manufacturing facility in Maharashtra. A local Apple-run R&D center might send more critical projects towards India’s direction instead of the backend software development that is usually pushed towards Indian firms like Infosys and Tata Consultancy Services.

Some of the other big names that Modi is scheduled to meet are Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai, and Adobe CEO Shantanu Narayen.

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Retailers in China Offer Discounts on Apple’s iPhone 11 Lineup

Apple originally expected to see revenue of $63 to $67 billion in the March quarter, but that number is likely to be much lower. Apple's quarterly earnings statement will be released on April 30

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Apple
According to Chinese media outlet National Business Daily, the iPhone maker had no comment when asked whether the price cuts were authorized by the company or not. Pixabay

Multiple third-party resellers in China are offering discounts on the iPhone 11 lineup in an attempt to bolster demand during a time when consumer confidence and spending is low due to new coronavirus pandemic.

On JD.com, the 64GB version of the basic iPhone 11 now costs 4,999 yuan (US$708), 500 yuan (US$70) cheaper than the original price, reports the South China Morning Post. The more expensive iPhone 11 Pro has an even steeper price cut that shaves off 1,200 yuan (US$170). And the top-tier iPhone 11 Pro Max is selling for a whopping 1,600 yuan (US$227) off.

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The same price cuts can be found on electronics retailers Suning and Guomei. However, Apple’s official website in China has not cut the price. According to Chinese media outlet National Business Daily, the iPhone maker had no comment when asked whether the price cuts were authorized by the company or not.

iphone
Multiple third-party resellers in China are offering discounts on the iPhone 11 lineup in an attempt to bolster demand during a time when consumer confidence and spending is low due to new coronavirus pandemic. Wikimedia Commons

The Cupertino based tech giant has already warned that coronavirus pandemic will affect its business in the January-March quarter as worldwide iPhone supply will be temporarily constrained. In an investor update in February, the tech giant said it no longer expects to meet the revenue guidance it provided for the upcoming quarter.

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Apple originally expected to see revenue of $63 to $67 billion in the March quarter, but that number is likely to be much lower. Apple’s quarterly earnings statement will be released on April 30. (IANS)