weather_iconAshburn | -3.02 °C | AQI 19
Friday, 6 December, 2024

---Advertisement---

Tech

BIG Move! Apple Sets Up First Ever Subsidiary In India For R&D

India will witness a historic milestone if the company undertakes hardware design and testing within the country. This will be for the very first time, when India will host Apple's hardware design and testing operations.

Apple

India is poised to contribute to Apple’s product development, encompassing research, design, and testing in the near future. According to media reports, Apple establishes wholly owned subsidiary, Apple Operations India, in the country. The new entity’s filing discloses proposed activities: equipment procurement, facility leasing, engineer hiring, and failure analysis services. Apple Inc has given a ‘letter of comfort,’ assuring it will provide “operational and financial support” till the “foreseeable future,” said Apple Operations India in the filing with the Registrar of Companies (RoC) last week.

India will witness a historic milestone if the company undertakes hardware design and testing within the country. This will be for the very first time, when India will host Apple’s hardware design and testing operations. Apple’s R&D operations are presently located in the United States, China, Germany, and Israel. Apple India, the sales and marketing entity, is owned by Apple Operations International, based in Ireland, which oversees European operations, according to the RoC.

---Advertisement---

According to the filing, Apple’s new India subsidiary will support contractors and manufacturers by providing them the hardware, software and other services.

Currently, the company collaborates with Foxconn, Pegatron, and Wistron (owned by Tata) for iPhone production in India. Apple plans to kickstart production of the iPhone 17 base model in India through a partnership with a local manufacturing facility. In the meanwhile, the production of the standard iPhone 17 is expected to begin in the second half of 2025 in India.

---Advertisement---

Also, India’s iPhone exports skyrocketed to $10+ billion in FY23-24, a 60% increase from $6.27 billion in FY22-23. According to media reports, In the previous fiscal year, India assembled $14 billion worth of iPhones for Apple, with exports totalling over $10 billion.

ALSO READ: WARNING! Critical Google Chrome Govt ALERT: Why You Shouldn’t Ignore This?

HISTORY

Written By

Akshat Mittal


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

India vs Australia, 2nd Test Day 1 LIVE Updates: Mighty Bumrah With The 1st Breakthrough, Gets Usman Khawaja For 13 Runs, Completes 50 Test Wickets

Dec 06, 2024
India vs Australia, 2nd Test Day 1 LIVE Updates
  • 15:55 (IST) 6 Dec 2024

    IND vs AUS, 2nd Test LIVE: Harshit RANA to McSweeney

  • 15:49 (IST) 6 Dec 2024

    IND vs AUS, 2nd Test LIVE: Drinks Break!!

  • 15:45 (IST) 6 Dec 2024

    IND vs AUS, 2nd Test LIVE: 16TH Over

N24 Shorts Logo

SHORTS

Virat Kohli and RCB
Sports

IPL 2025: Will RCB Hand Over Captaincy To Rajat Patidar Instead Of Virat Kohli? | Check Details

The star batter Virat Kohli has been the obvious choice for leadership in IPL 2025, whereas Rajat Patidar is also in contention to become the skipper of the side.

View All Shorts

---Advertisement---

Trending