Live
- Mandal Level CM Cup Sports Concludes in Ija with Promising Talent and Enthusiastic Participation
- Harish Rao Slams Revanth Reddy: "More Talk, Less Action"
- Revolutionising Oil and Gas: Gaurav Kumar Sinha’s AI-Driven Innovations Transforming Efficiency and Profitability
- Vishal Jain to head AiDASH facility
- Congress Central Election Committee has finalised the names of around 20 candidates for the upcoming Delhi Assembly elections
- District Collector Adarsh Surabhi has ordered to expedite the land acquisition process related to irrigation projects in the district
- Economics and Public policy gets new platform in Bengaluru
- Residents Demand Action After Accidents Highlight Poor Road Safety Measures
- Rahul Gandhi Visits Hathras Victim's Family, Slams BJP For Injustice
- Nitin Gadkari Admits India's Road Safety Crisis, Urges Change In Human Behavior And Infrastructure
Apple to launch Hyderabad facility tomorrow
As part of his maiden visit to India, Apple Inc Chief Executive Officer Tim Cook will arrive in Hyderabad on Thursday to inaugurate the global tech giant’s first and the biggest technology development centre outside its US headquarters.
Hyderabad: As part of his maiden visit to India, Apple Inc Chief Executive Officer Tim Cook will arrive in Hyderabad on Thursday to inaugurate the global tech giant’s first and the biggest technology development centre outside its US headquarters.
“Cook will spend about three hours in real estate firm Tishman Speyer's WaveRock facility at Hyderabad's IT corridor, in which Apple’s new centre is housed,” said a top government official, requesting anonymity. The company, which has taken the space on lease at WaveRock, is also planning to build its own campus.
Cook’s Hyderabad visit is kept under wraps by both Apple India officials as well as the Telangana government authorities as he wanted to keep it a low-key affair, the official added.
The iPhone and iPad maker’s 250,000-sft Hyderabad centre, which will be inaugurated by Cook on Thursday, will initially have 150 professionals, supporting maps development, besides space to accommodate contractors who will support its efforts locally.
Telangana Chief Minister K Chandrasekhar Rao or his son IT minister K T Rama Rao may make an announcement for allocation of land to Apple for its campus in Hyderabad.
According to various reports citing unnamed sources, Cook is expected to unveil plans to open three retail stores in India, besides raising the issue of allowing Apple to import and sell refurbished iPhones at a cheaper price in India.
Cook's visit to India comes at a time when the US technology giant is hit by slower growth in global sales of its flagship products iPhone, iPad and Mac.
The company on April 27 posted a quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion, compared to revenue of $58 billion and net income of $13.6 billion in the year-ago quarter.
The revenue was down in both Americas and China - Apple's two biggest territories. It declined around 10 per cent in the Americas and 26 per cent in China.
According to reports, the company is looking for new growth markets like India after its sales declined. "The trip signifies how significant Indian market has become for Apple.
Cook is coming here to announce technology for the future," said Vishal Tripathi, Research Director at Gartner.
Cook is expected to meet Andhra Pradesh Chief Minister N Chandrababu Naidu, who is trying to attract big ticket investments for his state.
