IndiansinKuwait.com IIK - India times Kuwait News updates

IndiansinKuwait.coom

Apple's Tim Cook to visit India this week

IANS Tuesday, May 17, 2016
Apple

US technology giant Apple's chief executive Tim Cook is expected to visit India later this week and will meet Prime Minister Narendra Modi, according to a source.

"It is expected that the Apple CEO will meet Prime Minister Modi this weekend," a source familiar with the development told IANS.

At present, Cook is in Beijing, China. Apple on May 13 announced an investment of $1 billion in Chinese ride-hailing app Didi Chuxing.

During his visit, Cook met some of China's well known app developers as well.

Cook, who joined Apple in March 1998, was made chief executive of the company, succeeding Steve Jobs, on August 24, 2011.

Hit by a slower growth in its flagship iPhone, iPad and Mac sales globally, Apple's revenue dropped for the first time since 2003 as the tech giant released earning reports for the second quarter of the fiscal year 2016 in March.

The company on April 27 posted a quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion ($1.90 per diluted share), compared to revenue of $58 billion and net income of $13.6 billion ($2.33 per diluted share) in the year-ago quarter, the company said in a statement.

The revenue was down in both Americas and China -- Apple's two biggest territories. It declined around 10 percent in the Americas and a 26 percent drop in China.

According to reports, the company is looking for new growth markets after its sales declined.



📣 IndiansinKuwait.com is now on Telegram. Click here to join our channel (@IIK_News) and stay updated with the latest headlines


Disclaimer:Statements and opinions expressed in the article are those of the authors and written by them; the author is solely responsible for the content in this article. IndiansinKuwait.com does not hold any responsibility for them.
Read this article online at

Express your comment on this article

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News

 
Indian Social Forum (ISF) Welfare & Relief Team Launching Ceremony

Indian Social Forum (ISF), a Socio-cultural Organization of Indians in Kuwait conducted “Launching Ceremony of Welfare & R...

Thanima Kuwait Organised Ullasattanima 2022

Thanima Kuwait organized a a two - day picnic “ullasathanima 2022” in Kabd, event with the participation of Thanima Kuwait m...

Kuwait Kannada Koota (KKK) Executive Committee meets His Excellency Ambassdor of India to Kuwait

The executive committee of Kuwait Kannada Koota 2022 met His Excellency, Ambassador of India to Kuwait, Shri Sibi George rec...

Indian Ambassador called-on H E Sheikh Ahmad Nawaf Al AhmadAl-Sabah

Ambassador called-on His Excellency Sheikh Ahmad Nawaf Al AhmadAl-Sabah, Hon’ble First Deputy Prime Minister & Minister of ...

The Kuwait Chapter of the Institute of Chartered Accountants of India (ICAI, Kuwait Chapter) held its Annual General Meeting (AGM) for the year 2022 – 2023.

CA Rabin Gonsalves (Secretary) gave the welcome address. CA Rohit Agarwal (Treasurer) apprised members of the Receipts and P...

go top