Search Result for : Tim Cook

The Dollar Business Bureau  Apple CEO Tim Cook has expressed resounding optimism for growth prospects of the underpenetrated brand in India – the world's third-largest smartphone market.  "We’re very optimistic about our future in this remarkable country with its very large, young, and tech-savvy population, fast-growing economy, and improving 4G network infrastructure,” Cook said in the second quarter results earnings call yesterday.  Talking about India's investment in 4G infrastructure, Tim also said that growing 4G network in the country was a positive indication for Apple to concentrate more of its efforts in establishing a local presence.  “But they are moving fast. They’re moving at a speed that I have not seen in any other country in the world once they were started, and it is ...

PTI Silicon Valley's top executives, including India-born CEOs Google's Sundar Pichai and Microsoft's Satya Nadella, condemned President Donald Trump's immigration ban on people from seven Muslim-majority countries, voicing concern that the move could directly hit their own staffers and stop bringing great talent to the US.Executives from Microsoft, Google, Apple, Netflix, Tesla, Facebook, Uber and other top American companies slammed Trump's immigration order that sparked widespread protests across the US.Trump yesterday signed a sweeping executive order to suspend the arrival of refugees and impose tough new controls on travellers from Iran, Iraq, Libya, Somalia, Syria and Yemen, as part of new measures to "keep radical Islamic terrorists" out of America.Condemning the move, Nadella, in a post on LinkedIn, said "As an ...

The Dollar Business Bureau US President-elect Donald Trump conducted a meeting with a host of high-profile technology leaders of the country during a summit which also had Indian-American Microsoft CEO, Satya Nadella as one of the attendees. "I am here to help you folks do well," said Trump while addressing the group of Silicon Valley CEOs during the meeting. According to his spokesman, it was one of the series of such meetings that Trump conducted with the Silicon Valley’s most powerful executives. The objective of the meeting was to pave way for partnership with these leaders resulting in innovation and generating more jobs in the US, particularly for working Americans. “There is nobody like you in the world. There is nobody like the people ...

The Dollar Business Bureau (sourced from PTI) Apple Inc officials on Tuesday met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally.  According to media sources, the meeting chaired by Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek lasted for almost an hour with senior officials from Apple discussing details of the new Foreign Direct Investment (FDI) rules in single-brand retail and the company's retail expansion plans.  Apple officials are believed to have sought clarity on the changes in mandatory domestic sourcing norms for single-brand retail brought in earlier this year. However, no official word on the meeting was received from either side.  In June this year, the government had relaxed FDI norms by ...

Deepak Kumar In November with Donald Trump getting elected as the President of US, Apple started rethinking its sourcing strategy. In his election campaigns Trump had promised his voters that he would bring back the jobs and manufacturing units that America had lost. He had been vocal about how US companies should be manufacturing in America. “We're going to get Apple to build their damn computers and things in this country instead of in other countries,” Trump had said during one of his speeches. According to the latest reports, published in various global newspapers Apple has asked two of its iPhone manufacturers, Foxconn Technology Group and Pegatron, to shift its iPhone manufacturing units to the US. While Foxconn complied, Pegatron has declined ...

The Dollar Business Bureau Making a statement in Apple’s fourth quarter earnings call on 25th Oct, Apple CEO Tim Cook said, “Looking ahead, we're seeing some very exciting developments in India. Reliance Jio is rolling out a first of its kind all-IP network in India with 4G coverage in 18,000 cities and 200,000 villages across the country.” Apple is partnering with Reliance Jio which is offering a year of free service to new purchasers of iPhones to ensure that the company’s sales remain upbeat on the 4G network. Cook said, “Our iPhone sales in India were up over 50 per cent in fiscal 2016 compared to the prior year, and we believe we're just beginning to scratch the surface of this large ...

The Dollar Business Bureau Supporting the Apple Inc’s unit in India, Nitin Bawankule, Industry Director at Google India, speaking at the 'Digital Retail 2020' report release, said that the smartphone industry would grow further if the trendsetting iPhone maker opens a plant in India and designs more of India-focused products. Responding to a question on the extent of business sense and benefits for Indian retailers and e-commerce players if Apple’s unit arrives in India, Bawankule said that regardless as to whether the move will leave an impact on the online or offline players, it will be great for the industry as a whole. E-tail will emerge as a substantial path for the organized retail sector, contributing about 25% of total organized retail sales ...

The Dollar Business Bureau Tim Cook, CEO of American multinational – Apple Inc, is coming to Hyderabad, where he is expected to inaugurate Apple’s development centre and to have a meeting with Prime Minister Narendra Modi on the company’s plans for manufacturing in the country. Cook’s itinerary is to visit India after his visit to China. According to sources, the Apple CEO may arrive in the country on Wednesday, and is likely to meet PM Modi later in the week and also some officials of important ministries. Cook is expected to inaugurate the company’s development centre in Hyderabad on May 19, in which it has already invested $100 million. Cook's India visit comes at a critical juncture as the iPhone maker is ...