Apple's iPhone sales in China plummeted by nearly a quarter amid fierce competition from local brands like Huawei.
Now that's what you call airplane mode -- an iPhone that plummeted 16,000 feet (5,000 meters) from an Alaska Airlines flight landed without a single crack in the screen and even a battery still half-charged.
Tata Group is looking to construct the factory in the southern state of Tamil Nadu. The Indian conglomerate presently oversees an iPhone manufacturing unit that it took over from Taiwanese supplier Wistron in the southern Indian state of Karnataka.
Apple analyst Ming-Chi Kuo said this will be the first time Apple will start developing a new iPhone model outside of China.
The tech giant warned a number of Indian opposition leaders and journalists that their iPhones may have been targeted by "state-sponsored attackers."
A Foxconn facility in the Indian state of Tamil Nadu has begun the process of making Apple Inc's next-generation iPhone 15.
Apple reported modestly higher quarterly profits Thursday despite another dip in revenues, as a record performance in services offset lower iPhone sales.
"India's manufacturing certainly needs to capture a much bigger share of its GDP if it has any hopes of toppling China in the long term and this is a welcome move in that direction. And Apple agrees!" Abhijeet Mukherjee, founder of Guiding Tech, told International Business Times.
Apple is set to debut more upgraded devices this fall, including a new Watch Ultra, the tech company's largest wearable.
The iPhone 15 Pro Max, Apple's next-generation flagship smartphone, is expected to be more expensive than previous units since it sports the biggest design changes.
The FSB said it found "anomalies" in several thousand iPhones, including those used by diplomatic missions in Russia.
The smartphone titan reported profit of $24 billion on revenue of $94.8 billion in the first three months of this year.
The year 2023 is poised to be a new banner year for the smartphone industry with the upcoming release of Apple's iPhone 15 and Google's Pixel Fold.
More speculations have surfaced about the iPhone 15 lineup, which is set to be released later this year.
The ban on the use of iPhones was imposed during a seminar in Moscow earlier this month.
As the tech industry continues to be plagued with massive layoffs amid economic uncertainty, Apple is pulling all the strings to keep its workforce intact.
Many new features and changes are expected for the iPhone 15 lineup, including a titanium frame and a USB-C port, according to reports.
"We're being very prudent and thoughtful on spending and ... deliberate when it comes to hiring," Tim Cook said at a shareholder meeting last week.
Counterpoint Research noted that the top 10 best-selling smartphones accounted for 19% of the total global sales in 2022.
Semiconductor giant TSMC is looking to recruit new engineers and production line operators across its home base of Taiwan.
China's Ministry of Finance warned local authorities that the central government would not bail them out for their accumulated liabilities.
The massive fire halted production at the facility that manufactures charging cables for Apple's iPhones. It could take up to two months to resume production.