|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.00 - 21.25|
|52 Week Range||16.90 - 27.49|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||13.44|
|Earnings Date||Mar 11, 2019 - Mar 15, 2019|
|Forward Dividend & Yield||1.17 (5.59%)|
|1y Target Est||21.78|
India has deferred a plan to tax imports of touch panels, three sources said, after smartphone makers such as Samsung Electronics asked the government to delay levying tariffs on such new imported components under a phased plan to boost local manufacturing. The tariff, which was supposed to kick in from February, has been delayed after considering industry demands, a government official told Reuters. All three sources declined to be named as the matter is private and still awaits final approval.
Smartphone makers in India are calling for export credits on devices and tariff cuts on machinery imports as part of measures they say will make Asia's third-biggest economy a global smartphone manufacturing hub. The India Cellular and Electronics Association (ICEA), whose members include some of the industry's biggest names including Apple Inc, made the proposals in a 174-page document reviewed by Reuters and submitted to the government ahead of its annual budget announcement next week. "As the country is nearing to achieve saturation point... without an export take off manufacturing growth cannot be sustained and accelerated," the ICEA said in the document.
MUMBAI/DELHI (Reuters) - Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter. Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple's business in India to a new level. The work will take place at Foxconn's plant in Sriperumbudur town in the southern state of Tamil Nadu, said the source, who is not authorised to speak to the media and so declined to be named.
The lead attorney for the group of Apple Inc (AAPL.O) device assemblers seeking at least $9 billion (7 billion pounds) in damages from Qualcomm Inc (QCOM.O) said on Sunday the contract manufacturers are not in settlement talks with the mobile chip supplier and are "gearing up and heading towards the trial" in April. The conflict is but one aspect of the global legal battle between regulators, Apple and Qualcomm, which supplies modem chips that help phones connect to wireless data networks. Last week, Qualcomm secured a preliminary victory in a patent lawsuit in China that would have banned sales of some Apple iPhones there.
Taiwan-based assembler Pegatron Corp fell 5 percent and rival Hon Hai Precision Industry Co Ltd (Foxconn) dropped 3.6 percent. Apple is widely considered the biggest customer for Foxconn. Apple shares fell nearly 4 percent on Monday after the report by the Nikkei financial daily, which fuelled concerns that the iPhone XR - the cheapest of three iPhones unveiled in September - was facing weak demand just days after it went on sale.
Apple shares fell nearly 4 percent after the report, which fueled concerns that the iPhone XR, the cheapest of three iPhones Apple unveiled in September, was facing weak demand just days after it hit shelves. The Nikkei, citing supply chain sources, said Apple had also asked smaller iPhone assembler Wistron to stand by for rush orders, but that the company will receive no orders for the iPhone XR this season.
Apple Inc (AAPL.O) will launch a $300 million clean energy fund in China, the firm said in a statement on Friday, working with its suppliers to invest in renewable energy projects that could power close to 1 million homes in the country. China's government has made cutting pollution a key priority, putting pressure on local and international firms to help reduce high levels of smog in its major cities and clean up the country's waterways and polluted soil. The investment from the iPhone maker, which will be made along with 10 suppliers including Pegatron Corp (4938.TW) and Wistron Corp (3231.TW) over a four-year period, also comes as the United States and China lock horns over trade.
A unit of Apple Inc's (AAPL.O) Taiwanese contract manufacturer Wistron Corp (3231.TW) has won approval from Karnataka to build a new assembly facility in the south Indian state, signaling a potential expansion of iPhone assembly work in India. The Karnataka state government has approved Wistron Infocomm Manufacturing India Pvt Ltd's application for 43 acres of land, roughly 65 km (40 miles) from the tech hub of Bengaluru, according to a government document reviewed by Reuters.