Apple’s Taiwan suppliers, Samsung apply for India’s smartphone scheme

NEW DELHI (Reuters) – Apple Inc’s (AAPL.O) Taiwan contract manufacturers Foxconn (2317.TW), Wistron Corp (3231.TW) and Pegatron Corp (4938.TW) have applied for India’s $6.65 billion scheme to boost local smartphone manufacturing, the country’s tech minister said on Saturday.

FILE PHOTO: People wear masks to protect themselves from coronavirus disease (COVID-19), while listening to the annual general meeting at the lobby of Foxconn’s office in Taipei, Taiwan, June 23, 2020. REUTERS/Ann Wang/File Photo

The production-linked incentive (PLI) plan offers companies cash incentives on additional sales of devices made locally over five years, with 2019-2020 as the base year. India hopes it will help turn the country into a global smartphone export hub like neighbouring China.

Apple already assembles some its smartphones, including the iPhone 11, via Foxconn and Wistron’s local unit in two southern Indian states.

Pegatron, one of Apple’s top suppliers, has

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Apple’s stock split may not be good for the Dow

(Reuters) – Apple (AAPL.O) announced a stock split on Thursday and it may not bode well for future gains in the Dow Jones Industrial Average .DJI.

FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo

The iPhone maker made the surprise announcement in its quarterly report, saying it will split its stock four-to-one when trading opens on Aug. 31, Apple’s first share split since 2014.

Stock splits have become rare on Wall Street in recent years, with just three S&P 500 members announcing splits in 2020, compared to an average of 10 a year over the past decade, according to S&P Dow Jones Indices.

Splitting their stocks is a way for companies to make it less expensive to buy individual shares, potentially attracting retail investors who make

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Can Apple’s 24X7 services store-front make up for falling iPhone sales?

FILE PHOTO: The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California, U.S., December 17, 2019, 2019. REUTERS/Mike Blake

(Reuters) – Many of Apple Inc’s physical stores re-opened and re-closed in recent months because of spikes in cases of the novel coronavirus.

But two of the iPhone maker’s most important storefronts were open the whole time: The App Store and Apple’s content businesses such as music and streaming video.

When Apple reports earnings Thursday, investors will be keen to see if its services segment raked in enough to help offset expected declines in most hardware sales and uncertainty about the timing of this fall’s iPhone lineup, historically the company’s biggest sales driver.

Analysts expect pandemic disruptions to pull down total revenue about 3% year-over-year to $52.1 billion and Apple’s bellwether iPhone business by nearly 14% in the third quarter, according to IBES data

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Over 2,500 games removed from Apple’s China App Store after loophole shuts: data firm

FILE PHOTO: People wearing face masks walk in front of an Apple store at a shopping mall in Beijing, China February 18, 2020. REUTERS/Carlos Garcia Rawlins/File Photo

HONG KONG (Reuters) – More than 2,500 mobile games were removed from Apple’s China app store in the first week of July, four times as many in the same period in June, after Apple closed a loophole to comply with Chinese licence requirements, data from SensorTower showed.

Apple had given publishers of revenue-generating games a deadline of end-June to submit a government-issued licence number that allows them to make in-app purchases, a requirement that Android-based app stores in China have long had. It was not clear why Apple had allowed the loophole to exist for so long.

Notable games removed from China’s App Store in July so far include Supercell’s farming hit “Hay Day”, “Nonstop Chuck Norris” from Flaregames and “Solitaire” from Zynga,

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