Previous close | 94.50 |
Open | 96.10 |
Bid | 94.80 x 0 |
Ask | 94.90 x 0 |
Day's range | 94.40 - 96.30 |
52-week range | 68.80 - 109.50 |
Volume | |
Avg. volume | 13,826,425 |
Market cap | 252.302B |
Beta (5Y monthly) | 0.54 |
PE ratio (TTM) | 16.19 |
EPS (TTM) | 5.85 |
Earnings date | 09 May 2024 - 13 May 2024 |
Forward dividend & yield | 4.00 (4.24%) |
Ex-dividend date | 04 Jul 2023 |
1y target est | 90.07 |
(Bloomberg) -- Tata Group may strike a deal to take control of Pegatron Corp.’s iPhone manufacturing operations in India as soon as May, cementing Apple Inc.’s relationship with one of the country’s most influential conglomerates.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Trump Has Only $6.8 Million for Legal Fees With Trial UnderwayZimbabwe’s ZiG Wipes Out 330% Stocks RallyElon Musk’s Robotaxi D
Apple Inc has assembled $14 billion worth of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday. Apple now makes as much as 14% or about 1 in 7 of its marquee devices from India, the report said, citing people familiar with the matter. Foxconn assembled nearly 67% while Pegatron Corp made about 17% of the India-made iPhones, the Bloomberg report added.
Pegatron is in advanced talks to hand over control of its only iPhone manufacturing facility in India to the Tata Group, said two sources with direct knowledge, marking the Taiwanese firm's latest scale back of its Apple partnership. Under the deal, which has received the backing of Apple, Tata plans to hold at least a 65% stake in a joint venture that will operate the Pegatron plant near Chennai city in the southern Indian state of Tamil Nadu, with the Taiwanese firm providing technical support and holding the rest, one of the sources said.