The central government is planning to provide financial incentives to companies producing laptops and tablets in the country. These companies include Apple and Dell. With this, China will also be able to compete as the production base of these companies. To reduce imports, the government wants to increase the production of laptops and tablets and also make the country an export hub in the long run. The Technology Ministry has made changes to an already existing plan for this and has consulted with the executives of electronics companies on this. Have asked for suggestions. Sources with knowledge of the matter said it could include incentives worth more than $500 million per company. The scheme aims to attract Apple, Dell, HP and Asus to increase or start production in the country. The government especially wants to encourage Apple to manufacture iPads in the country. The company is already assembling iPhones in India through its Taiwanese suppliers. In a government document seen by Bloomberg News, incentives worth Rs 4,500 crore have been offered per company. However, for this, foreign companies will have to invest at least Rs 700 crore in five years in addition to the expenditure incurred till March last year. The incentives will depend on the local components procured by these companies and could be up to about 6 percent of the sales of finished products. However, this plan can be changed after consultation with the industry. Last year, a scheme worth Rs 7,350 crore was launched to increase manufacturing and exports of IT products like laptops, tablets and personal computers in the country. However, due to low incentives, these companies did not take interest in it. Apple’s new iPhone 14 will be made in India. Apple hopes to grow its business rapidly from this world’s largest smartphone market after China. The company started manufacturing in India in 2017 with the iPhone SE. It is manufacturing advanced iPhone devices including iPhone SE, iPhone 12 and iPhone 13 in India. iPhone 14 has also been added to it.
Tag: production
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Apple preparing to launch 15.5 inch MacBook Air
Apple, which makes popular smartphones and devices like iPhone, may soon launch 15.5 inch MacBook Air. The company has started production of panels for this. This indicates that this device will be launched in April. Earlier, there was speculation that the company would launch 15 inch MacBook Air. According to the report of DSCC analyst Ross Young, the company has started the production of panels for the new MacBook Air. It can be launched in April. Information about this can be given soon by the company. This will be the largest screen size for the MacBook Air. It can be launched with a 13-inch model. Apple launched a version of the MacBook Air last year. It had Apple’s M2 chipset and its starting price was $1,199. Information about the specifications of the company’s upcoming laptop has not been received. Apple has also started work on the next generation chipset M3. It is being manufactured by Taiwan’s semiconductor company TSMC. It is not known which chipset will be used in the new MacBook Air. Apple’s quarterly revenue has declined for the first time in almost four years. The main reason for this is the decline in sales of the new iPhone series during the holiday season due to the restrictions imposed in China due to Corona. The company’s sales during the December quarter stood at $117 billion, which is about five percent less than the same quarter last year. The company’s profit has also decreased during October-December. Apple’s profit was approximately 30 billion dollars. Apple’s results have increased the fear of slowdown due to expensive interest rates and some other reasons. The last decline in iPhone sales for Apple, the world’s most valued listed company, was during Corona. Along with manufacturing of iPhone in India, the company has also increased exports. The company has exported handsets worth one billion dollars from the country in December. In India, iPhones are assembled in the factories of Apple’s contract manufacturers Foxconn and Wistron. -
Apple suffered a big blow due to 29 percent decline in global shipments of PC.
Global shipments of personal computers (PC) declined by 29 percent in the first quarter. The main reasons behind this are weak demand, excess inventory and uncertainty about the state of the economy. Due to this, American company Apple, which manufactures Mac computers, has suffered a big loss. Market research firm IDC reports that global shipments of PC declined to 5.69 crore in the first quarter of this year. It was Rs 8.02 crore in the same period last year. In the last quarter of last year, these shipments had declined by 28.1 percent on a year-on-year basis. Apple’s shipments declined the most in the first quarter by about 40.5 percent. The decline in shipments for Dell was 31 percent. Apart from this, Lenovo, Asustek Computer and HP have also faced decline in shipments in the first quarter. Apple had said in February that sales of its Mac computers had increased rapidly due to work from home during the pandemic. There has been a 29 percent decline in value in the last quarter on a year-on-year basis. IDC said, “The decline in demand has given device makers an opportunity to make changes in the supply chain. Many companies are exploring the possibility of increasing production outside China.” There is a possibility of slowdown in the economies of big countries. Financial crisis in some big banks and increase in inflation may hinder growth and investment. However, iPhone sales have been good for Apple. The number and value of iPhones made in India has increased in the last year. Apple is shifting production from China to diversify its supply chain and due to this the production of the company’s devices has increased in India. Recently, Counterpoint reported that shipments of iPhones manufactured in India increased by 65 percent last year on a year-on-year basis. Apart from this, the value of iPhone has increased by 162 percent. Last year, Apple’s share in the total shipments of smartphones from India was about 25 percent. About 85 percent of the iPhones sold worldwide are manufactured in China. However, this may reduce due to Apple’s efforts to shift its manufacturing out of China.