Apple was the one tech company that didn t announce mass layoffs. That was till now. Close to 700 employees have been asked to leave as two high-profile projects have reportedly been shelved
India Business News: Since the PLI scheme's launch in August 2021, the Apple ecosystem has become a major job creator in India, employing over 150,000 individuals directly
Apple has been doubling down on India - the world s second-largest smartphone market - amid geopolitical tensions, having also witnessed a slump in the key US and China markets.
Apple's revenue in India hit nearly Rs 50,000 crore in FY23, with sales increasing 48 per cent to Rs 49,321 crore and net profit rising 76 per cent to Rs 2,229 crore fastest growth of net profit for Apple in India in the last five years. Apple Ecosystem Employed Over 1.5 Lakh People Directly Since Approval of PLI Scheme in 2021, Says MoS IT Rajeev Chandrasekhar.