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Apple’s robust India quarter; Giva’s $100 million funding

Apple posted record sales in India in the September quarter. This and more in today’s ETtech Top 5.

Apple shares slide as higher memory costs fuel margin concerns

The iPhone maker has benefited from using memory purchased at lower prices, but that advantage is expected to diminish over time, leaving more of its purchases exposed to higher prices.

Apple posts record revenue in India in September quarter; iPhone upgrades, Mac and services hit new highs

Apple reported its highest-ever quarterly revenue in India during the September quarter, along with record performances in its Mac business. The company experienced an increase in iPhone upgraders, with India being a significant contributor to this growth. Global services revenue also soared, reflecting successful expansion in emerging markets like India and Southeast Asia. Additionally, Apple Pay was launched in India to enhance payment experiences for customers.

Apple posts all-time revenue record in India: CEO John Ternus

Apple's quarterly earnings reveal a staggering revenue of $30.71 billion, reflecting a twelve percent growth as of September 26. With record-breaking global iPhone sales highlighted in markets like India and mainland China, Mac revenue soared to unprecedented levels, largely due to robust MacBook sales. Furthermore, on September 30, the launch of Apple Pay in India marked a significant enhancement in its market foothold.

Apple Inc's revenue hits all-time India high in September quarter

Apple Inc achieved significant revenue growth in India during the September quarter, driven by rising demand. The company's sales of iPhones, Mac computers, and services reached record levels across various markets. Initial sales of the newly launched iPhone 18 Pro series in India exceeded those of the previous model by nearly 20%.

Apple Q4 results beat estimates as iPhone 18 Pro demand, price hikes offset rising chip costs

Apple reported better-than-expected Q4 revenue of $114.48 billion and earnings of $2.10 per share, driven by strong iPhone 18 Pro demand and Mac sales. Higher product prices helped offset rising memory-chip costs. The company is also expanding its AI offerings, while addressing supply constraints affecting its first foldable iPhone.

Apple beats sales and profit expectations but AI costs weigh on holiday sales

Apple exceeded analysts' expectations for its latest results on Monday when the iPhone-maker said it notched a "revenue record" for the July-September quarter, driven by iPhone sales and services revenue, but increased costs related to AI will drag down margins. This includes primarily the impact of higher memory costs, as well as some costs related to the ramp of Siri AI," Parekh said.

US Stock Market today: Why are S&P 500, Nasdaq down ahead of November 3 Election Day? Apple, Palantir to Alphabet, Nvidia -- check top, worst performing Wall Street stocks

Wall Street invetsors on Monday were driven by several factors including Tuesday's Election Day for US Midterm elections.

Apple stock price down: Why is AAPL share price falling ahead of earnings call, iPhone sales report?

US stock market has largely priced in a Democratic win in the House of Representatives but hasn't adopted a decisive view on the Senate. Apple earnings report is coming a day ahead of Election Day.

Apple plans major iPad refresh in 2027, new iPad Air and Pro models expected: Report

Apple is expected to refresh its iPad models, including the iPad Air, iPad Pro, and entry-level iPad. The upgrades aim to incorporate OLED displays and increased processing power. Additionally, a cooling system will help manage heat during intense tasks. The entry-level iPad will also see improvements, though specifics remain unclear. Major iPad updates are not anticipated in the latter half of 2027.

First Apple Intelligence features land in China, with Alibaba’s Qwen on board

The tech giant has partnered with Alibaba to bring its Qwen model into some of the experiences. Chinese users will be able to use Qwen through Siri, Writing Tools, and Visual Intelligence, enabling text and image understanding. Users can access it by signing in with a Qwen account or through Apple, the company said in a blog post.

Apple Q4 earnings: 5 key things investors will watch

Apple's new CEO John Ternus to face first earnings test as memory costs surge

Ternus, who took the reins from Tim Cook in September, has overseen the introduction of Apple's first foldable phone, smart home hub and Apple's first touch-screen laptops. All of those products began shipping during the company's current fiscal first quarter, amid what Cook had called a "100-year flood" of rising memory costs.

'Ergonomically terrible': Steve Jobs said hands-off, Apple says hands-on with its first touchscreen laptops

Apple CEO John Ternus unveiled the company’s first touchscreen MacBooks, reversing a long-standing stance against the technology. The move comes as Apple expands its product lineup ahead of the holiday shopping season, despite earlier objections from Steve Jobs and Tim Cook.

Apple set to unveil first touchscreen MacBooks, ending years of resistance to the technology

Apple is preparing to introduce its first touchscreen MacBooks, reflecting a shift in consumer demands for laptop technology. The company's previous resistance to touchscreens has changed as consumer preferences have evolved. Analysts suggest that this change is a necessary response to market trends and expectations. Recent product launches, such as the folding iPhone and upgraded MacBook Pro, aim to enhance consumer experience.

US agency approves Amazon Leo's $11.5 billion acquisition of Globalstar

The Federal Communications Commission said Tuesday it has approved Amazon Leo's $11.5 billion deal to acquire Globalstar as the retail giant's satellite arm aims to build a satellite-based communications network to take on Elon Musk's SpaceX Starlink unit.

Apple iPhone Duo display issues: Who can request a replacement as cracks emerge near the hinge and Apple responds to customer complaints?

Apple has acknowledged display issues affecting some iPhone Duo units and is offering replacements for affected devices. Customers experiencing problems are advised to contact AppleCare for assistance related to their displays. The company has not provided detailed information regarding the cause of the reported damages. Early indications suggest that this may impact long-term customer perceptions of the product.

Apple iPhone Duo cracked screen: Tech giant says it will replace folding smartphones with display problems days after mega launch

Apple did not comment on what might cause the iPhone Duo cracked screen issue. Apple acknowledged the problems on Monday, saying affected units tend to show the problem quickly.

53 iPhones: Dubai man completes three-year Apple launch hat-trick with new Duo, from first iPhone to iPhone 18 Pro Max

Dubai resident Mohammed Shakaa brought 53 iPhones, from the first-generation model to the iPhone 18 Pro Max, to an Apple Store while collecting two Apple iPhone Duos. The longtime Apple enthusiast said he had waited more than three years for the device and hopes to attend a future Apple launch in California.

iPhone Duo resale prices soar on eBay amid strong demand: Can Apple overtake Nvidia as world’s most valuable company?

Apple’s iPhone Duo preorders have sold out quickly, with some eBay listings priced far above retail. As buyers face delivery delays, Apple is closing in on Nvidia in market value, raising questions about whether the iPhone maker could claim the top spot.

Apple’s iPhone Duo: A foldable leap with a few creases to iron out

Apple's new foldable smartphone, the iPhone Duo, quickly sold out after its launch in India. The device has experienced software optimization issues and supply challenges, affecting availability for consumers. iPhone Duo's launch price reaches up to ₹4,49,900, leading to concerns about its camera capabilities. A purchase limit has been established to combat grey-market reselling, creating further scarcity.

Apple iPhone sale: Planning to buy new phone? Check Apple’s new checkout policy that puts a limit

Apple has implemented a buying limit on its official online store for iPhones to manage sales during the festive season. Shoppers can now purchase only two iPhones, whether they're identical models or different ones. If users try to check out with a third unit, they will receive a warning that halts the transaction.

iPhone Duo's entire first week stock pre-booked in India

Apple Store in BKC (Bandra Kurla Complex), Mumbai, and Saket, New Delhi, have clocked maximum number of pre-bookings for the ultra premium first foldable iPhone from the company's stable.