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Why Apple is betting big on India
  + stars: | 2024-04-22 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +26 min
I think one estimate put, at one point, I think China was producing something like 90% of the world's iPhones. So when we talk about, you know, Apple manufacturing elsewhere, it's going take a long time to significantly ramp up iPhone production elsewhere. And you know, opening a physical Apple store often for Apple is a sign of a big deal. But you know, Apple looking at India going, wow, we've only got 7% of market share there, we could grow huge amounts. And of course, as we know, with Apple, the hardware is the, you know, one side of the equation, but also, you know, Apple makes billions of dollars off of its services business, which includes things like its App Store fees, it's Apple Pay, Apple TV, all of those other products and services.
Persons: Tim Cook, Apple, it's, It's, Tom Chitty, we've, Arjun Kharpal, Arjun, they're, let's, hasn't, We've, they've, Apple's, that's, we're, There's, Narendra Modi, Arjun Kharpal It's, Tom Chitty Huawei, Kharpal Huawei, Tim Cook's, I've, haven't, He's, They've, Arjun Kharpal There's, Tom Chitty Oppo, Tom Chitty Xiaomi, Tom Chitty Samsung, You've, They're, Transsion, Tom, Tom Chitty I'm, Kharpal, Tom Chitty We'll Organizations: Apple, Bloomberg, CNBC, U.S, Arjun Kharpal It's Samsung, Samsung, China, Apple Watch, Huawei, IDC Locations: India, Foxconn, China, beyondthevalley@cnbc.com, Covid, Zhengzhou, Vietnam, Asia, Thailand, Indonesia, Southeast Asia, Mumbai, New Delhi, Xiaomi, Europe, U.S, Arjun Kharpal Vietnam, Hanoi , Vietnam, Hanoi, Taiwan, Beijing, America, Africa, The
Opening remarks for Trump's hush money trial are set to begin Monday. His mouth going slack and his head drooping onto his chest" during the first day of his New York hush money trial. Mary Trump has been a longtime and fervent critic of her renowned relative. The jury for Trump's hush money trial was selected this week, with opening remarks expected on Monday. Donald Trump at the defense table in his Manhattan hush money trial with attorney Emil Bove.
Persons: Trump's, swiped, Mary Trump, narcolepsy, , Donald Trump's, she's, Joe Biden's, Trump, Sleepy Don, Biden, Joe, he's, Stormy Daniels, Donald Trump, Emil Bove, Jane Rosenberg Organizations: Service, New York Times, Republican, Reuters Locations: York, New York, Manhattan
While remote work is glorified for its flexibility, I found myself lonely and stuck inside. I quit my dream job to get out of the house more and integrate into my community. AdvertisementIn the spring of 2020, my life felt like it was squeezed between the palms of an arm wrestling match. As I delved into an arduous job search, remote work began to seem like an attractive option — albeit my only one. AdvertisementWhen I landed my dream job at a high-profile magazine, I thought it was perfect.
Persons: , Slack, I've, I'd Organizations: Service, Microsoft, Google, Social Locations: San Francisco, cafés
The first week of the criminal trial of Donald J. Trump ended with a disturbing jolt: a 37-year-old man set himself on fire outside the courthouse, an event that overshadowed the legal proceedings inside. The news of the immolation rippled through the press corps just as the final members of Mr. Trump’s jury — including 12 seated jurors and six alternates — were being sworn in. After lunch, Justice Juan M. Merchan conducted a hearing to determine which questions prosecutors might ask Mr. Trump if he were to testify in his own defense. Mr. Trump, 77, is charged with falsifying 34 business records in an attempt to cover up a payment to Stormy Daniels, an adult film actress who has said they had a sexual encounter in 2006. He has denied the charges; the former president could face probation or prison if convicted.
Persons: Donald J, Trump, Juan M, Merchan, Stormy Daniels Organizations: Prosecutors Locations: Lower Manhattan
Still, the question remains: Can Trump consistently stay awake through the long slog of a criminal trial? Still, it was a striking image that simulcast three individuals in one: a criminal defendant; one of the most powerful people on the planet; and a napping old man. Not everyone is so lucky when those around them fall asleep in court. A defendant whose liberty is on the line would be well advised to find out a way to stay awake. (Some judges might frown upon a defendant chewing gum in court, but sleep specialists have identified plenty of other ways to stay awake, some of them courthouse-friendly.)
Persons: Elliot Williams, Donald Trump, Trump, Maggie Haberman, Thursday’s, Pope Benedict XVI, Silvio Berlusconi dozed, George W, Ruth Bader Ginsburg, snoozing, , it’s, Organizations: CNN, Justice Department, Twitter, Trump, The New York Times, , Italian, Bush Presidential, Supreme, Union Locations: Raben, Manhattan, United States, Malta
Dazert said he expects new superyacht sales to "go down a little bit further this year" given the continued costs and delays. Sales of new superyachts (yachts over 100 feet long) fell 17% last year, according to the new SuperYacht Times' State of Yachting report. Superyachts sales took a dive in 2023, as long waiting lists, soaring costs and oligarch sanctions hit demand, according to a new report. Americans are picking up some of the slack, accounting for nearly a quarter of all superyacht sales last year. There are now nearly 6,000 superyachts, triple the number in 2002, according to SuperYacht Times.
Persons: Dazert, Ralph Dazert, Robert Frank Organizations: SuperYacht Times, Times, of Yachting Locations: Times ', Russia, Ukraine, Eastern, Saudi
New York CNN —Did Donald Trump fall asleep in court? As the first criminal trial of a former American president commenced Monday, The New York Times’ Maggie Haberman delivered a stunning report from the Manhattan courtroom. “This is 100% Fake News coming from ‘journalists’ who weren’t even in the court room,” a Trump campaign spokesperson later insisted. The Trump campaign forcefully denying Haberman and other reporters’ accounts quickly created two versions of events for people at home to choose to believe: Trump or Haberman. One of the concerns has been that by welcoming the public into the courtroom, cases will transform into public spectacles, similar to the O.J.
Persons: Donald Trump, Maggie Haberman, Trump, , , Susanne Craig, Joe ”, snooze, , Haberman, Simpson Organizations: New, New York CNN, The New York Times, Trump, Republican, MSNBC, Fake, Fox News Locations: New York, American, Manhattan, Trump, Haberman, Federal
On Sunday night, Elon Musk sent a company-wide email to Tesla staff announcing a workforce reduction of more than 10%. One laid-off Tesla worker said they moved about 6 months ago for the job before being let go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Then I went to my personal email account and I saw an email from Tesla that was sent out overnight. In that layoff letter they said the cuts were due to redundancy, but I didn't feel like my role was redundant.
Persons: Elon Musk, Tesla, , hadn't, We're, I've, we're Organizations: Service, Tesla, Business Locations: California
The Stickney Water Reclamation Plant in Illinois is one of the largest wastewater-treatment facilities in the world, serving about 2.3 million people and cleaning an average of 700 million gallons of wastewater a day. During rainfall, the facility can handle a whopping 1.44 billion gallons of wastewater in a single day — that's a million gallons every minute. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Organizations: Reclamation, Business Locations: Stickney, Illinois
Introduction to Business Credit Cards for Bad CreditA business credit card can be incredibly convenient for managing your business's financial transactions. Best Business Credit Cards for Bad CreditCapital One Spark 1% Classic† : Best overallBest overall Ramp Visa Corporate Card: Best for business toolsBest for business tools Bank of America Business Advantage Unlimited Cash Rewards Secured Business Credit Card : Best for building business creditBest for building business credit FNBO Business Edition® Secured Mastercard® Credit Card : Best for earning deposit interestBest for earning deposit interest Brex Card: Best for no personal guaranteeBad Credit Business Credit Card ReviewsIf you're considering a business credit card for bad credit, here's what you should know about the business cards that made our list. Bank of America Business Advantage Unlimited Cash Rewards Secured Business Credit CardBuilding your business credit is just as important as building your personal credit. Business Credit Cards for Bad Credit Frequently Asked QuestionsSearching for a small business credit card that addresses the needs of your business operations can be daunting. Why You Should Trust Us: How We Chose the Best Business Credit Cards for Bad CreditBusiness Insider's credit card team evaluated several factors to determine our list of best small business credit cards for bad credit.
Persons: we've, Slack, Chase, isn't, you'll, Bradstreet, cardholders Organizations: Business, Bank of America Business, Credit, Mastercard, Capital, American Express, Singapore Airlines, Emirates, Best, Bad Credit, Card, Bank of America, National Bank of Locations: Amex, National Bank of Omaha, Dun
People pass by the Salesforce Tower and Salesforce.com offices in New York City on March 7, 2019. Salesforce stock fell 5% Monday after reports over the weekend that the cloud software company is in advanced talks to buy data-management firm Informatica. The price being weighed is below Informatica's closing stock price on Friday of $38.48, according to The Wall Street Journal, which first reported the talks on Friday. It would also be its largest deal since purchasing workplace chat developer Slack for nearly $28 billion in 2021, Salesforce's largest acquisition to date. Before paying for Slack, Salesforce bought data visualization company Tableau for $15.3 billion in 2019, and MuleSoft for $6.5 billion in 2018.
Persons: Slack, Salesforce Organizations: Informatica, Wall Street, Reuters Locations: New York City, Redwood City , California
Former President Donald J. Trump seemed alternately irritated and exhausted Monday morning, as his lawyers and prosecutors hashed out pretrial motions before jury selection in his criminal case. Even as a judge was hearing arguments on last-minute issues in a criminal case that centers on salacious allegations and threatens to upend his bid for the presidency, Mr. Trump appeared to nod off a few times, his mouth going slack and his head drooping onto his chest. The former president’s lead lawyer, Todd Blanche, passed him notes for several minutes before Mr. Trump appeared to jolt awake and notice them. At other times, Mr. Trump whispered and exchanged notes with Mr. Blanche. He sat motionless while his own words from the infamous “Access Hollywood” tape — on which bragged about grabbing women’s genitals — were read from a transcript by a prosecutor.
Persons: Donald J, Trump, Todd Blanche, jolt, Blanche
Read previewIf you could double your income by secretly working multiple remote jobs, would you do it? The share of US remote job postings on LinkedIn fell from over 20% in April 2022 to about 10% in December 2023. AdvertisementWilliam, a Texas-based tech worker in his 30s who told Business Insider he earned over $500,000 in 2022 secretly working multiple remote roles, agreed with this line of thinking. Steven said he didn't feel guilty about job juggling because he was still able to complete all the duties and tasks assigned to him. AdvertisementAre you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?
Persons: , jugglers, shouldn't, they're, There's, Joseph, hadn't, Joseph isn't, Robert, John, he'd, there's, it's, Steven, overemployment, William, Justin, Xer Organizations: Service, Business, LinkedIn, Amazon, Google, Elon Locations: Florida, California, Asia, Texas
Amazon employees are complaining about projected cuts, according to internal messages. Amazon has a complex pay system that includes a lot of equity-based compensation. AdvertisementSome Amazon employees are complaining about cuts in future pay, according to internal Slack messages viewed by Business Insider. This is the time of year when employees at Amazon hear about their compensation. Some staff posted on Slack recently that they were seeing cuts of as much as 20% to their projected total compensation.
Persons: , Slack Organizations: Service, Business, Amazon
New York CNN —When it comes to building planes, Boeing CEO Dave Calhoun is all about streamlining costs. That oopsie was discovered in an internal review, which was prompted by a Wall Street Journal investigation last year into Boeing executives’ private jet travel, the paper reported Thursday. To be clear: Boeing requires Calhoun, who is stepping down later this year, to use its private jets for business and personal travel for security reasons. But when a CEO uses the company jet for a family vacation, that usually counts as taxable income. Over the last three years, Calhoun racked up $979,000 in personal air travel, according to the company.
Persons: CNN Business ’, Dave Calhoun, Calhoun, thriftiness, Chris Isidore, oopsie, that’s, we’ve, It’s, lavishing Calhoun, teeing, Jon Holden Organizations: CNN Business, New York CNN, Boeing, Wall Street, IRS Locations: New York, Arlington , Virginia, Seattle, America
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. So in the meantime, the Condé Nast Union members have been assigned in recent weeks to a "centralized team" under Chris DiPresso, VP of content finance and operations. They were given assignments they were told were consistent with their skills, but not given firm deadlines or told what they were meant for. Condé Nast CEO Roger Lynch in November said the company would lay off 5% and shift focus to support short-form video, subscriptions, and e-commerce. Some believe the company is using the "rubber room" move to demoralize people and get them to leave the company on their own.
Persons: , Chris DiPresso, Slack, Delia Cai, Ina Garten, Cai, Condé, Roger Lynch, Bon, Condé Nast Organizations: Service, Vogue, Condé Nast Union, Business, New York, Washington Post, Disney, Warner Bros Locations: New York City, Hollywood
Four years after a racial reckoning roiled Condé Nast's Bon Appétit, insiders worry that planned cuts could undo a fragile rebuilding effort. Included in that figure are 94 members, or 17%, of Condé Nast Union, which covers around 550 people across a dozen titles, including Vanity Fair, Vogue, and GQ. The Test Kitchen also benefited from a home cooking boom in the pandemic. But by August 2020, 10 of 13 members of the Test Kitchen had left. Members of the BA Test Kitchen in February 2020.
Persons: Bon Appétit, Condé, Roger Lynch, Adam Rapoport, that'll, Claire Saffitz, Brad Leone, Roy Rochlin, Rachel Gurjar, Kendra Vaculin, Dawn Davis, Sonia Chopra, Davis, Monica Schipper, they'd, Jamila Robinson, James Beard, Jeff Schear, Condé Nast, Lynch, Robinson, Slack, Delia Cai, Ina Garten Organizations: Condé, Condé Nast Union, Vogue, Business, YouTube, Labs, James, The New York Times, Philadelphia Inquirer, Union, New York, Employees Locations: Condé Nast, New York City, Caribbean, Seoul, Hollywood
But also a true thing: In 1994, when Simpson fled police in his white Bronco, 95 million people watched the slow-motion chase on TV, in real time. In 1994, AOL, the service that popularized the "World Wide Web," had a little more than a million subscribers. AdvertisementAnd the notion that we're never getting a TV event like the Simpson affair is not a new one, either. Digital media can certainly focus a lot of people's attention on one thing, but it can't compel everyone to watch one thing. Now I'm going to go stream June 17th, 1994 — ESPN's documentary about the Simpson chase.
Persons: , OJ Simpson, Simpson, We're, Rupert Murdoch's Fox, Kato Kalein, Lance Ito, Rick Maiman, Here's, Joanna Robinson, Robinson, Addison Rae, They're, It's, I've Organizations: Service, Bronco, Business, AOL, Getty Locations: America
This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.
Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI
CNN —It was the comment that landed him in hot water with Masters fans and aged terribly, but – 13 rounds later – Bryson DeChambeau finally shot below his interpretation of par at Augusta National. Now, the golfer once dubbed “the Scientist” for his willingness to test new technologies is owning up to old errors. “Clearly today was a great test of golf, and I was able to conquer a very difficult golf course today. I shot 65 today, and that was one of the best rounds of golf I’ve played in a long time. “That’s the secret to winning major championships and winning big-time golf tournaments: more limiting the mistakes rather than making a ton of birdies.
Persons: – Bryson DeChambeau, , LIV, Storms, DeChambeau, Andrew Redington, I’m, ” DeChambeau, Rob Schumacher, pigeonhole, I’ve, Nick Faldo, Jon Rahm’s, LIV Golf, Faldo, , DeChambeau –, , Bryson, Scottie Scheffler, Arnold Palmer, Warren Little, Denmark’s Nicolai Højgaard, Tiger Woods, ” Woods, Rahm, McIlroy, Gene Sarazen, Ben Hogan, Gary Player, Jack Nicklaus, Woods, Scheffler, Xander Schauffele, Scottie, ” McIlroy Organizations: CNN, Masters, Augusta National, Augusta, USA, Sports, Reuters, PGA, Sky, Arnold Palmer Invitational, Tiger Locations: Saudi, Augusta, scintillating
"Our research reveals that emails are a major source of workplace stress," says Esteban Touma, a cultural and linguistics expert at Babbel. As a language expert, Touma tells CNBC Make It he often sees people make two big mistakes when writing over email. Typos and grammatical errorsThe first big mistake Touma often sees is when people neglect to proofread and edit messages thoroughly. To avoid this mistake, take the time to proofread emails before you hit send, Touma says. For example, Touma says, "'Let's schedule a call when you have some time to kill, Brian' is politely addressing Brian.
Persons: they've, Esteban Touma, Touma, Brian Organizations: CNBC Locations: Babbel
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementKat Hunt never wanted to work from home. Hunt, whose job is in finance in Portland, Oregon, needed a place for some team members to gather in New York City. Hunt wanted a spot that wasn't your typical WeWork or similar. Courtesy Kat Hunt and Radious"I was allowed to work from home, but I never wanted to," Hunt said.
Persons: , Kat Hunt, Hunt, Radious, Amina Moreau, Moreau, Combinator, Ryan Masiello, That's, Googlers, Clelia Warburg Peters, It's Organizations: Google, JPMorgan, Service, Earth Finance, San, Francisco's Pier, Ventures Locations: luxe, Portland , Oregon, New York City, Portland, Brooklyn, San Francisco, Portland , Milwaukee, San Francisco Bay, New York, Mountain View , California, Francisco's
Difference between a personality hire and a good personality. There's a difference between a personality hire and someone who just has a good personality. We can get away with doing less workAs a personality hire, you can get away with not being as competent and doing half of your job. Companies need personality hires to build their company cultureCompanies that take pride in having "disruptive" and different work cultures need personality hires because otherwise, who's going to build that culture? AdvertisementUltimately, being a personality hire doesn't mean you're bad at your job; it just means your personality helped you get hired.
Persons: , Daniel Bennett, that's, Let's, I've, they'd, aren't, Zs, Personality, Bennett, I Organizations: Service, DX, Business, Companies Locations: LA
Many workers say meeting overload can hurt their productivity. Microsoft's research suggests that using AI tools to chip away at meeting time could be the low-hanging fruit for some new adopters. Meetings summaries aren't the only way AI tools are helping workers save time. AdvertisementA Slack survey of over 10,000 global desk workers conducted in January found that 24% had tried using AI tools on the job. The learning curve that can come with AI tools is why some companies are providing employees with more training resources and encouraging them to experiment with these technologies.
Persons: , they'd, Steven Rogelberg, Rogelberg, HubSpot Organizations: Service, Microsoft, Wakefield Research, Business, University of North Locations: North America, Europe, University of North Carolina, Charlotte
Office crushes, in all their mercurial glory and pain, continue to shape our working lives in deeply meaningful ways. But through all these changing norms, workplace crushes remain remarkably common. Jim, after all, doesn't even ask Pam on a date until the season-three finale of "The Office." That most workplace crushes never lead to consummated relationships doesn't make them any less powerful. An admitted serial crusher, she still gets work crushes — last year she counted "a solid eight."
Persons: Derek, Brendan, Michael Rosenfeld, Manny, Sean Horan, we're, she'd, Karis, Stefan, Darcy, , Helen Fisher, Lakshmi Rengarajan, Rengarajan, smolder, Jim, Pam, I've, it's, I'd, Slack, Mikel Jaso, didn't, couldn't, weirdly, they'd, Johnny C, Taylor Jr, MeToo, Ayear, Tiana Reid, texted Derek, Alexandra Molotkow Organizations: Society for Human Resource Management, Stanford, Fairfield University, Match.com, BI Karis, Society for Human, York University Locations: New York City, Singapore, Brendan's, New York, Chicago, Toronto
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