Crunch Time for Apple in Fight Against $15 Billion EU Tax Order

[ad_1] A European court will decide Wednesday whether Apple must obey an EU order that the iPhone-maker reimburse Ireland EUR 13 billion (roughly Rs. 1.11 lakh crores) in back taxes. Reversing the decision would be a painful setback for the European Commission, the EU’s executive arm, in its campaign to stymie profit-shifting by multinationals and […]

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Apple Supplier Foxconn To Invest $1 Billion In India: Report

[ad_1] Building more phones in India will help Apple save on import taxes New Delhi/Taipei: Foxconn plans to invest up to $1 billion to expand a factory in Sriperumbudur, Tamil Nadu where the Taiwanese contract manufacturer assembles Apple iPhones, two sources said. The move, the scale of which has not previously been reported, is part […]

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iPhone SE (2020) DxOMark Score Behind Redmi K20 Pro, Ahead of iPhone XR

[ad_1] iPhone SE (2020) has been put through the DxOMark camera testing, and the phone has managed to score an overall 101 points for its camera and a modest 84 points for its selfie camera. The phone was launched in India in April and it aims to offer modest specifications at a cheaper price. DxOMark […]

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Apple to Update Developers, Possibly Signal Split From Intel at WWDC 2020

[ad_1] Apple on Monday will hold its annual conference for software developers, rolling out new features in its operating systems for iPhones and iPads and possibly signaling a departure from Intel’s almost 15-year run supplying Mac computer processors. Apple’s Worldwide Developer Conference (WWDC) comes as paid services sold through the App Store have become central […]

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Apple Must Face Shareholder Lawsuit for Concealing Falling iPhone Demand

[ad_1] A federal judge said Apple must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to tens of billions of dollars in shareholder losses. While dismissing most claims, US District Judge Yvonne Gonzalez Rogers ruled late Tuesday that shareholders can sue over Chief Executive Tim Cook’s […]

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Foxconn Sees Record Profit Fall as Coronavirus Guts Smartphone Demand

[ad_1] Taiwanese tech giant Foxconn said Friday its first-quarter profit slumped by nearly 90 percent on year as the global pandemic disrupted operations and hammered demand, especially for smartphones. The results lay bare how the coronavirus is battering global supply chains and driven up costs for electronics makers. Also known by its official name Hon […]

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