Apple in talks about Indian factories, according to government officials

Apple negotiates with Indian government to explore the opportunities of making iPhone locally, on Tuesday Wall Street Journal reported, as the technology tycoon aims to make deeper inroads in the second biggest mobile phone market by users in the world. The news comes about a month after Apple reportedly asked the Indian government for various types of incentives should it move forward with manufacturing in India.

Tim Cook in May this year had visited India apparently in a bid to expand the company's business in the country.

Prudential stops distribution of policy sold through Wells Fargo
Some state and local governments have also suspended business with Wells Fargo , as did the Pennsylvania Treasury. The investigation will also review whether Wells Fargo staff sold insurance without having the required licenses.

Apple product prices in India are preposterous and possibly higher than those in U.S. Currently, most Apple products sell for anywhere between 20 and 40 percent more than U.S. or Singapore prices. Macrumors stated, Apple doesn't have the license yet to directly sell products to consumers in India.

Taiwan's Hon Hai Precision Industry Co Ltd (Foxconn), which makes Apple gadgets such as iPhones and iPads, has a manufacturing facility in southern India. The exorbitant prices in India deters many buyers who wants to shift from Android or Windows to iOS. However, Apple is seeking financial incentives before it proceeds.

How they scored at the 104th Grey Cup
Instead, Evans was flagged for pass interference - it was the right call - and the Redblacks added a field goal before the break. A botched punt return by Stampeder Roy Finch gave Ottawa the ball on the Stampeders side of midfield.

Rumours about Apple's Make in India plans and flagship retail stores have been doing the rounds for nearly a year now. Local manufacturing would allow Apple to open its own retail stores in India, as foreign companies are required to locally source at least 30 percent of the materials used for their products. We are not here for a year or few years, we are here for a long time, 100s of years. The expensive pricing on all of its premium products have posed as a major setback which companies like Samsung, Micromax, Xiaomi, Lenovo and others have taken advantage of with their affordable and effective smartphones.

Analysts have long predicted that Apple would eventually build out its presence in India, where it now controls less than 5% of the smartphone market and struggles to beat out both domestic and Chinese vendors.

SF Muni Says 'No' To Hackers Ransom Demands
More than 2000 computers at San Francisco's Municipal Transportation Agency , also known as #muni , got hacked. The agency said it allowed all customers to ride free as a precaution and transit service was not disrupted.


Popular
  • Dollar surges, most markets sink on Fed rate call

    Its central bank head said another cut in Swiss interest rates couldn't be ruled out, though the Swiss franc took little notice. Dr Oliver said he expects the Australian dollar - which has been as high as 78 U.S. cents this year - to fall below 70 in 2017.
    Emmy Rossum's Fight For Equal Pay On 'Shameless' Is So Important

    Emmy Rossum's Fight For Equal Pay On 'Shameless' Is So Important

    Macy told TMZ he approved of Rossum's demands, saying "It's about f*cking time, don't you think?" "She deserves everything. Apparently the actress had been getting less than Macy for YEARS, even though she's one of the show's leads.
    DOL Rule Upheld by Kansas Judge

    DOL Rule Upheld by Kansas Judge

    G&A Partners , a human resources outsourcing company, worked with several small businesses across the state - companies with 250 employees or fewer.
  • Taylor Swift, Zayn Team Up for Sultry 'I Don't Wanna Live Forever'

    Taylor Swift, Zayn Team Up for Sultry 'I Don't Wanna Live Forever'

    The former One Direction member, Zayn, released his studio album, " Mind of Mine ", earlier this year. It sounds, as expected, highly polished and can still be filed next to Katy Perry and Justin Bieber.
    Mass Exodus From Aleppo's Rebel Stronghold As Regime Forces Close In

    Mass Exodus From Aleppo's Rebel Stronghold As Regime Forces Close In

    The Observatory added that Iraqi militia fighters were playing a central role in the government's advance from the south. The Syrian Observatory for Human Rights reports about 50,000 civilians displaced in the fighting.
    'Full House' Creator Buys the Original Tanner House in San Francisco

    'Full House' Creator Buys the Original Tanner House in San Francisco

    The home is about 2,500 square feet, with four bedrooms and four bathrooms. There might also be an opportunity to Full House fans to stay in the home.
  • Buzz Aldrin, second man on moon, evacuated from South Pole

    Buzz Aldrin, second man on moon, evacuated from South Pole

    Buzz Aldrin, the second man on the moon, has arrived in New Zealand after he was medically evacuated from the South Pole. Aldrin was a fighter pilot during the Korean War before joining the USA astronaut program.

    Nittany Lions, Badgers benefiting from unheralded D-lines

    Franklin said afterward that the move was precautionary and Barkley could have returned if needed. "I know our guys are excited". Penn State was missing six defensive starters in that game, so it had virtually no chance of stopping the Wolverines.

    Rock'n Christmas parade Saturday in Whitehouse

    Winter Holiday at Central Park: Saturday, with a pancake breakfast from 9-10:30 a.m. for $2, with crafts, games and entertainment. Also on Saturday, the cities of Byron, Fort Valley, Perry, Milledgeville, Dublin and Centerville will have Christmas parades.
  • Conservatives are anxious Trump's Carrier deal could set a bad precedent

    On Wednesday, Trump said he would nominate former Goldman Sachs banker Steven Mnuchin to lead the Treasury Department. The Council on American-Islamic Relations accused Trump of seeking to exploit the "tragic situation in OH ".

    BJP sweeps Gujarat local polls

    The State Election Commission had announced elections to 134 seats in district panchayats, taluka panchayats and municipalities. In the taluka panchayat by-polls, BJP won on five out of total nine while Congress captured four seats. "We accept our defeat".

    Norwegian vies with Russian at World Chess Championship

    The game began at near lightning speed, with both players making well-tested moves with little deliberation. If they're still tied, they advance to a series of "blitz" matches , where they receive five minutes aside.

CONNECT