Aleem For U®: Apple

Apple wants to rebuild and sell its refurbished iPhones from China in India

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Many like us, do feel that Apple in a way is using India as a market to get rid of its older products. Older iPhones are re-launched and sold at unreasonable prices with hardware that is at times almost 5 years old. The problem with these older devices is not that they can be used for one or two years until they need to be discarded, but the fact they have to be discarded so early, leading to mounds of electronic waste in the country. 
 
According to a report in the Indian Express, Apple is trying to set up a factory to rebuild and sell its refurbished iPhones coming from China, in the country. The Cupertino giant had approached the government with a proposal a few years ago, but was quickly rejected for reasons related to e-waste by the Environment Ministry’s Technical Review Committee. 
 
Apple according to the new filing mentions that its refurbished devices should not be considered as “second hand” since the units that will be sold through official channels will be quality checked and also come with the standard one year warranty; something that is also available with a newer device. 
 
However, in its defense, Apple made it clear that its devices are good quality ones and it is the low-cost ones that the government needs to be worried about when it comes to e-waste. In the same filing, the San Francisco based company specified that it has plans to begin its refurbishing operations in low numbers, but that it would ramp up depending on the availability of units coming from China.</div>

Apple wants to rebuild and sell its refurbished iPhones from China in India

Many like us, do feel that Apple in a way is using India as a market to get rid of its older products. Older iPhones are re-launched and sold at unreasonable prices with hardware that is at times alm…

Apple expected to report lowest iPhone sales in history

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Apple Inc is expected to report iPhone sales increased slightly more than 1 per cent in the holiday quarter when it announces earnings on Tuesday, its slowest growth ever and far from the double-digit growth investors have come to expect. 
 
The iPhone 6S and 6S Plus, which boasted record weekend sales when they launched in September, are now facing weak demand, according to analysts, because they have fewer distinguishing features than their popular predecessors. 
 
The new iPhones also face tough comparisons with the strong sales of their older siblings. 
 
Apple tapped into a crucial market when it unveiled its bigger-screen 6 and 6 Plus phones in 2014, grabbing the attention of Asian customers, who had previously lapped up phablets from players such as Samsung Electronics. 
 
"Apple has become a victim of their own success as the blockbuster iPhone 6 product cycle was hard to replicate as many customers are either buying an older, cheaper iPhone 6 or waiting for the iPhone 7," FBR Capital Markets analyst Daniel Ives said. 
 
China, the company's fastest-growing market, may also have weighed on first-quarter results, as a slowdown in the country's economy forced consumers to tighten their purse strings. 
 
Analysts estimate Apple sold 75.5 million iPhones in the October-December quarter, a 1.3 per cent increase from a year earlier, according to research firm FactSet StreetAccount. 
 
This compares with a nearly 46 per cent year-over-year jump in iPhone sales in the first quarter of 2015. The slowest growth in quarterly iPhone sales so far has been 6.8 per cent, in the second quarter of fiscal 2013, according to data from Statista. 
 
To make matters worse, Apple is expected to forecast a drop in iPhone sales for the March quarter – the first time that sales will fall since the iPhone was launched in 2007. 
 
This was foreshadowed by disappointing March-quarter forecasts from the company's Asian suppliers such as Taiwan Semiconductor Manufacturing Co and Largan Precision Co Ltd. 
 
Apple is expected to sell 54.6 million iPhones in the March 2016 quarter, according to FactSet. The company sold 61.2 million iPhones between January and March, 2015 - a 40 per cent year-over-year increase. 
 
Analysts said the company will have to wait until the launch of the iPhone 7, expected later this year, to return to growth, as buyers upgrade to the latest version. 
 
Analysts, technology blogs and company watchers say the iPhone 7 could include waterproofing, wireless headphones and use its new force touch technology to kill off the home button. 
 
Apple shares closed down 1.98 per cent at $99.41 on Monday. They have fallen nearly 10 per cent since the start of October, steeper than a 2.2 per cent decline in the S&P 500 index. 
 
Out of the 50 brokerages that cover Apple, 43 have a "buy" or higher rating on the stock. Their median 12-month price target is $141.50. 
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Apple expected to report lowest iPhone sales in history

Apple Inc is expected to report iPhone sales increased slightly more than 1 per cent in the holiday quarter when it announces earnings on Tuesday, its slowest growth ever and far from the double-digi…

Apple to pay Italy $348 million after tax fraud probe

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Apple has agreed to pay Italy 318 million euros ($348 million) to settle a tax dispute after the US tech giant was investigated for suspected fraud, the country's tax agency said Tuesday. 
 
The company's Italian subsidiary and several of its senior executives had been under investigation for fraud over its alleged failure to comply with obligations to declare its earnings in Italy between 2008 and 2013. 
 
According to Italian daily La Repubblica, Apple Italia should have paid corporation tax of 880 million euros for the period. 
 
But, after months of negotiations, the tax authorities agreed to close the case in return for a cheque for 318 million. 
 
The tax office spokesman confirmed the newspaper's report was accurate but would not divulge further details. 
 
Apple Italia did not respond immediately to a request for comment on a case which could set a precedent for other European countries' dealings with the company. 
 
The settlement comes against a backdrop of mounting controversy over the tax arrangements of multinational groups who use cross-border corporate structures to reduce their tax bills. 
 
Apple Italia is part of the company's European operation which is headquartered in Ireland, a country with one of the lowest levels of corporation tax in the European Union. 
 
Ireland taxes corporate earnings from normal business activities at a rate of 12.5 per cent, which compares with a standard 27.5 per cent rate in Italy. 
 
Earlier this month, Apple chief Tim Cook described accusations that the world's richest company was sidestepping US taxes by stashing cash overseas as "political crap" and insisted: "We pay ever tax dollar we owe." 
 
The settlement of the tax dispute will not halt the criminal investigation into the conduct of three Apple Italia executives but will likely reduce the severity of any sanctions they may face, La Repubblica said. 
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Apple to pay Italy $348 million after tax fraud probe

Apple has agreed to pay Italy 318 million euros ($348 million) to settle a tax dispute after the US tech giant was investigated for suspected fraud, the country's tax agency said Tuesday. The company…

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Apple wants to rebuild and sell its refurbished iPhones from China in India

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Apple expected to report lowest iPhone sales in history

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Apple to pay Italy $348 million after tax fraud probe

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