Apple market cap tops $4 trillion for first time as iPhone 17 gains offset AI pain| Business News

Apple Inc.’s market capitalisation has topped the $4-trillion mark for the first time, as surging demand for its iPhone 17 models offset feard of slow progress in a global AI race. Apple is the third company to achieve a market cap of $4 trillion after Nvidia Corp. and Microsoft Corp. (Bloomberg) On Tuesday, Apple’s share […]

Apple wants India to modify a tax law that hinders its expansion in the country| Business News

Apple Inc. is lobbying the Government of India to modify its income tax law to ensure that the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers. That, Apple believes, hinders expansion in its fastest growing market. Apple’s contract manufacturers Foxconn and Tata have pumped in billions of […]