After receiving the report of this deal, Globalstar’s shares have jumped by greater than 30 p.c. It is going to use part of this fund to repay its debt. Even earlier than this, such tie-ups have occurred between satellite tv for pc communication service suppliers and smartphone firms. Satellite tv for pc communication service is being offered in some new smartphones. Globalstar stated that it’ll allocate about 85 p.c of its community capability to Apple. About two years in the past, Apple partnered with Globalstar for a characteristic. With this characteristic, iPhone customers can ship emergency messages from distant areas.
Apple’s CEO, Tim Prepare dinner has emphasised the rising significance of India. The corporate’s gross sales within the quarter ending September have been higher than anticipated. Apple’s gross sales within the final quarter have been roughly $94.9 billion. This is a rise of 6.1 p.c from the identical quarter final yr. Prepare dinner stated that the corporate has made a file of income in India within the September quarter. He stated that Apple is getting ready to open 4 new shops within the nation.
Apple’s lately launched iPhone 16 sequence is getting good response from prospects. Gross sales of the corporate’s iPads have additionally elevated. Gross sales of those tablets have elevated in double-digits. Often, the demand for smartphones and different tech gadgets picks up with the start of the festive season in September. Apple’s shops opened final yr in Choose Citywalk in Saket, Delhi and Bandra Kurla Advanced (BKC) in Mumbai are performing nicely. The corporate is getting ready to open new shops in Delhi-NCR, Bengaluru, Mumbai and Pune. In the previous few years, Apple has additionally taken steps to shift some a part of its manufacturing to China. Contract producers like Foxconn and Wistron are manufacturing iPhones in India.
(This information has not been edited by NDTV staff. It’s printed instantly from the syndicate feed.)
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Smartphone, Demand, Sensor, Processor, Market, Apple, Funding, Manufacturing, IPhone, Globalstar, Ipad, CEO, Satellite tv for pc, Wistron, Festive Season, Tim Prepare dinner, Costs
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