tim cook

Apple is shifting its iPhone manufacturing hub to India for US-bound shipments starting in the June quarter, with Foxconn and Tata Group scaling up production. This strategic move aims to mitigate potential tariff impacts from China.

Apple CEO tim cook told Commerce Secretary Howard Lutnick that advanced robotics are essential for bringing iPhone manufacturing to the U.S. Amid tariff concerns, Apple secured a temporary exemption, aiding stock recovery. While diversifying production to India, challenges persist with Chinese export approvals, framing this shift as part of an AI-driven industrial revolution with high-paying technician jobs.

Apple anticipates a $900 million cost increase in the third quarter due to tariffs, as stated by CEO tim cook during an earnings call. While recent US tariffs had a limited impact in the previous quarter, the Q3 estimate reflects current global tariff rates.

Apple CEO tim cook lauded President Trump's emphasis on boosting U.S. semiconductor manufacturing during a business executive gathering. Cook highlighted Apple's dedication to the American economy, referencing their substantial $500 billion investment plan over the next four years.

Apple CEO tim cook announced that most US iPhones would be sourced from India due to rising US-China tariff tensions. The tariffs on Chinese imports could cost Apple up to $900 million. Despite these pressures, Apple reported strong earnings for the first three months of the year, with a profit increase of 4.8% and a revenue rise of 5.1%.

Apple reported strong first-quarter profits, but CEO tim cook cautioned about US tariffs potentially costing the company $900 million this quarter. To mitigate this, Apple is shifting production, with most iPhones sold in the US originating from India. "We are not able to precisely estimate the impact of tariffs, as we are uncertain of potential future actions prior to the end of the quarter," news agency Reuters quoted tim cook as saying.

A new study by IIM Ahmedabad reveals the App Store ecosystem in India generated Rs 44,447 crores in developer billings and sales in 2024. Indian developers' global earnings have tripled in five years, with 80% of earnings coming from outside India. Apple's CEO tim cook highlights the App Store's role as an economic engine, supporting developers and fostering innovation.

Apple CEO tim cook announced a significant shift in iPhone production, designating India as the primary manufacturing hub for US-bound devices. This strategic move aims to mitigate potential tariff impacts amid trade tensions. While diversifying production, Apple emphasizes that China remains crucial for products sold outside the US, highlighting its importance in the global supply chain.

Apple's shares declined by 5% following a $10 billion reduction in its stock buyback program and a $900 million cost impact due to US-China trade tensions. CEO tim cook cited uncertainties from US tariff policies as the reason for this cautious approach. Despite narrowly beating revenue expectations, Apple forecasts modest growth and is diversifying its supply chain away from China.

Senator Elizabeth Warren has questioned Jeff Bezos regarding Amazon's decision to halt a plan displaying the impact of Trump's tariffs on product costs. This followed a reported call from President Trump. Warren's letter probes potential threats or promises exchanged between Trump and Bezos, seeking clarity on whether Amazon's choice compromises consumer transparency on price increases.

Google CEO Sundar Pichai confirmed under oath that Gemini, Google's AI chatbot, is expected to be integrated into Siri by mid-2025. Discussions with Apple CEO tim cook included Gemini app distribution, with Cook indicating more third-party AI models would be incorporated into Apple Intelligence later this year.

Microsoft has surpassed Apple to become the world's most valuable company, boasting a market capitalization of $3.235 trillion, driven by strong cloud and AI demand. Apple's market cap closed at $3.07 trillion, while Nvidia secured the third position at $2.76 trillion. Apple faces headwinds from tariffs, leading to a significant stock decline this year.

Donald Trump asserted his role in securing tariff relief for Apple, leading to a stock surge that pushed its market value above $3 trillion. The exemptions on phones, computers, and chips benefit Apple, which manufactures primarily in China and India. While Trump urges local production, these tariff exemptions are temporary, reducing Apple's potential tariff costs significantly.

Apple's iOS app ecosystem in India has generated significant revenue, reaching $5.3 billion in 2024. This surge has propelled Apple's overall business engagement in India to nearly $27 billion, encompassing iPhone sales, exports, and app store transactions. Indian developers have greatly benefited, with their global earnings tripling in the last five years, marking a substantial economic impact.

Mark Zuckerberg, Meta CEO, follows a unique morning routine. It is called 'rawdog'. This routine avoids caffeine and stimulants. He practices Brazilian jiu-jitsu and MMA. This helps him focus. Zuckerberg simplifies his lifestyle. He eats a high-protein diet. This routine enhances cognitive function. It also manages stress. It supports better decision-making. Other tech leaders have different approaches.

Big Tech faces economic and political headwinds as first-quarter earnings loom, impacted by Trump's policies. Reciprocal tariffs and antitrust cases are disrupting supply chains and corporate planning. The 'magnificent seven' have already seen a significant market value decline. This earnings season is crucial as companies navigate market turmoil and shaken confidence.

Elon Musk, Jeff Bezos and Mark Zuckerberg, all of whom saw their fortunes swell following US President Donald Trump's election, have witnessed billions – $80 billion to be precise – wiped from their cumulative wealth following the recent tariff policies, a report has said. The president's sweeping global tariffs, announced on April 2 – dubbed as Liberation Day, have triggered a sharp decline in tech stock prices.