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Amazon replaced apple as the world's top firm-based on market valuation. That despite a 15 per cent drop in its stock, with the e-commerce giant valued at $299.3 billion, according to the brand finance global 500 report.
Apple unveiled MacBooks powered by its new and faster M2 Pro and M2 Max chips in a surprise launch weeks ahead of its usual schedule. Apple's latest chips are upgrades to the M2 chip launched last year and a part of the company's efforts to rely more on chips designed in-house after it moved away from using Intel's technology in 2020 following 15 years of collaboration.
After the European Union, India is also moving to make USB Type-C as the compulsory common charging port for all smart devices sold in the country. The decision, if implemented, could have serious repercussions for Apple Inc., as its iPhone doesn't have a Type-C charging port.
Over 90 per cent of Apple products like iPhones, iPads and MacBook laptops are manufactured in China by outside contractors
The Foxconn plant that assembles iPhones on the outskirts of Chennai city is witnessing the return of workers and resumption of operations, the Tamil Nadu state government officials said on Wednesday. The workers are returning to the plant after nearly a month after the operations were suspended owing to concerns raised over hygiene, safety and standards the plant’s offsite dormitories. Nearly 150 women workers had fallen ill after dining at one of the offsite dorms, leading to massive protests by the workers.