Tag: details

  • Samsung’s Next-Gen AI TVs are here; Neo QLED 8K, Neo QLED 4K, OLED TVs in offing [full details]

    Samsung launches new range of AI TVs in India

    Samsung launches new range of AI TVs in IndiaIBT

    Samsung Electronics, a global leader in technology, has unveiled a new range of artificial intelligence (AI) TVs in India at the Samsung Opera House in Bengaluru on Wednesday, marking a significant milestone in the evolution of home entertainment. The new lineup includes the Neo QLED 8K, Neo QLED 4K, and OLED TVs, all designed to redefine the home entertainment experience with innovations across accessibility, sustainability, and enhanced security powered by AI. The Neo QLED 8K, Neo QLED 4K, and OLED range start from Rs 319,990, Rs 139,990, and Rs 164,990, respectively, with each range offering two models.

    The Neo QLED 8K is available in sizes of 65, 75, and 85 inches, the Neo QLED 4K in sizes of 55, 65, 75, 85, and 98 inches, and the OLED TV in sizes of 55, 65, 77, and 83 inches.

    “Our 2024 range of Neo QLED 8K, Neo QLED 4K, and OLED TVs redefine the home entertainment experience and offer new innovations across accessibility, sustainability, and enhanced security with the power of AI,” said JB Park, President and CEO, Samsung Southwest Asia.

    Revolutionizing Home Entertainment with AI

    The 2024 Neo QLED 8K, New QLED 4K, and OLED TVs are designed to connect with a smart ecosystem immediately upon setup, providing a highly personalized experience with apps and platforms. The latest addition of widgets transforms TV screens into personalized dashboards, allowing users to monitor home status, camera feeds, energy usage, weather updates, and more.

    “With the launch of our new range of AI-powered 8K Neo QLEDs, 4K Neo QLEDs, and OLED TVs, we are confident of extending our market leadership in India,” said Mohandeep Singh, Senior VP, Visual Display Business, Samsung India.

    Samsung launches new range of AI TVs in India

    Samsung launches new range of AI TVs in IndiaIBT

    The new AI TVs also feature AI Picture Technology, which brings out the finest details with outstanding clarity and naturalness, including facial expressions and other subtle nuances. The AI Motion Enhancer Pro utilizes a sophisticated motion detection algorithm to enhance clarity during motion-intensive content, such as sports, helping users enjoy every moment. Real Depth Enhancer Pro adds a lifelike depth to the picture and pulls viewers into the scene.

    Enhanced Audio and Gaming Experience

    AI Sound Technology delivers precise audio with Active Voice Amplifier Pro, which detects background noises and adjusts volume automatically. Object Tracking Sound Pro enriches the audio experience by syncing the sound with on-screen action, creating a more dynamic and engaging viewing experience. Adaptive Sound Pro further refines the audio experience by intelligently adjusting the audio to the content and room acoustics, for a genuinely rich and lifelike sound.

    AI Auto Game Mode recognizes both the game and its genre and automatically tailors the picture quality and sound quality settings. This feature is particularly beneficial for gamers, providing clearer visuals, faster response times, and improved audio clarity, thus enhancing the overall gaming performance.

    Samsung launches new range of AI TVs in India

    Samsung launches new range of AI TVs in IndiaIBT

    Samsung’s commitment to a holistic connected home experience extends to health and wellness. Through telehealth services like HealthTap, users can get access to medical appointments right from their TV. Security is paramount, and with Samsung Knox, every feature, app, and platform benefits from robust protection, allowing connected experiences to remain private and secure.

    In conclusion, the launch of Samsung’s new AI TVs in India is a testament to the company’s commitment to innovation and market leadership. It also reflects the growing demand for smart, connected, and AI-powered home entertainment solutions. 

  • Unilever to spin off ice cream business, eliminate 7,500 jobs [details]

    Unilever

    UnileverIANS

    Unilever, the dad or mum firm of Hindustan Unilever, on Tuesday introduced to separate its ice cream unit right into a standalone enterprise, in a restructuring train that may lead to almost 7,500 job losses on the firm.

    The firm stated in a press release that the anticipated adjustments, to be accomplished by the tip of subsequent 12 months, are anticipated to influence round 7,500 predominantly office-based roles globally, with complete restructuring prices now anticipated to be round 1.2 per cent of Group turnover for the following three years.

    “The Board is decided to rework Unilever right into a higher-growth, higher-margin enterprise that may ship persistently for all stakeholders. Improving our efficiency and sharpening our portfolio are key to delivering the improved outcomes we imagine Unilever can obtain,” stated Ian Meakins, Chair of Unilever.

    hul, hul q4 results, hul net profit, hul and patanjali, hul products, hul share price, hindustan unilever, fmcg companies in india, dabur, patanjali ayurved

    UnileverReuters file

    The separation of ice cream will create a world-leading enterprise, working in a extremely enticing class, with manufacturers that collectively delivered turnover of seven.9 billion euros in 2023, stated the corporate.

    The enterprise has 5 of the highest 10 promoting world ice cream manufacturers together with Wall’s, Magnum and Ben & Jerry’s, with publicity in each the in-home and out-of-home segments throughout a world footprint.

    “The Board believes that Unilever must be more and more targeted on a portfolio of unmissably superior manufacturers with sturdy positions in extremely enticing classes which have complementary working fashions,” the corporate famous.

    A demerger of ice cream is the more than likely separation route, and in that case “we count on the corporate to function with a capital construction in keeping with comparable listed firms”.

    “The adjustments we’re asserting will assist us speed up that plan, focusing our enterprise and our assets on world or scalable manufacturers the place we are able to apply our main innovation, know-how and go-to-market capabilities throughout complementary working fashions,” stated Hein Schumacher, CEO of Unilever.

    (With inputs from IANS)

  • Good News! Vande Bharat will start on this new route – check details,

    Good News! Vande Bharat will start on this new route – check details,

    Bengaluru-Tiruchirappalli Vande Bharat: Indian Railways is quickly making ready to launch Vande Bharat prepare connecting Bengaluru in Karnataka and Tiruchirappalli in Tamil Nadu.

    – Advertisement –

    Bengaluru-Tiruchirappalli Vande Bharat: There is nice information about Vande Bharat which is turning into well-liked throughout the nation. Vande Bharat Railways, being run on completely different routes of the nation, is repeatedly increasing. It is being advised that Vande Bharat will be began on a route within the South. Yes! Indian Railways is making ready to launch Vande Bharat prepare quickly connecting Bengaluru in Karnataka and Tiruchirappalli in Tamil Nadu.

    According to the report of News 9 Live, in accordance with the letter of the Union Railway Ministry, Vande Bharat will quickly run on the tracks on this route. According to a Times Now report, a request has been made by the Tiruchirappalli Railway Division to run Vande Bharat trains from Tiruchirappalli Junction to Bengaluru up-down in a single day.

    PM Modi provides inexperienced sign to 10 Vande Bharat

    It is noteworthy that on March 12, PM Modi flagged off 10 Vande Bharats which included Ahmedabad Mumbai Central, Secunderabad Visakhapatnam, Mysore Dr. MGR Central (Chennai), Patna Lucknow, New Jalpaiguri Patna, Puri Visakhapatnam, Lucknow Dehradun, Kalaburagi Sir M Visvesvaraya Terminal. Routes embody Bengaluru, Ranchi Varanasi, Khajuraho Delhi (Nizamuddin).

    Vande Bharat expanded to 4 routes

    PM Modi additionally flagged off the extension of 4 Vande Bharat trains. In which Ahmedabad Jamnagar Vande Bharat is being prolonged as much as Dwarka, Ajmer Delhi Sarai Rohilla Vande Bharat is being prolonged as much as Chandigarh, Gorakhpur Lucknow Vande Bharat is being prolonged as much as Prayagraj and Thiruvananthapuram Kasargod Vande Bharat is being prolonged as much as Mangaluru. .

    New Vande Bharat began from Bengaluru

    The common service of the lately began prepare between Kalaburagi and Sir M. Visvesvaraya Terminal Bengaluru began from as we speak i.e. March 15. This prepare will function six days every week. Train No. 22231 Kalaburagi – SMVT Bengaluru Vande Bharat Express will depart from Kalaburagi at 5:15 am and attain SMVT Bengaluru at 2 pm on the identical day. In return, Train No. 22232 SMVT Bengaluru – Kalaburagi Vande Bharat Express will depart from Bengaluru at 2:40 pm and attain Kalaburagi at 11:30 pm on the identical day.

    – Advertisement –

  • What is IndiaAI Mission: Know all about the seven key pillars [details]

    IndiaAI Mission: Know all about the 7 key pillars

    IndiaAI Mission: Know all about the 7 key pillarsIANS

    As artificial intelligence (AI) begins to percolate across industries amid privacy concerns, the Cabinet chaired by Prime Minister Narendra Modi has approved the comprehensive national-level IndiaAI Mission with a budget outlay of Rs 10,371.92 crore.

    By democratising computing access, improving data quality, developing indigenous AI capabilities, attracting top AI talent, enabling industry collaboration, providing startup risk capital, ensuring socially impactful AI projects and bolstering ethical AI, the mission will drive responsible, inclusive growth of India’s AI ecosystem.

    The mission will be implemented by ‘IndiaAI’ Independent Business Division (IBD) under Digital India Corporation (DIC), said the IT Ministry.

    Let us see what the mission with seven key initiatives will offer.

    Recognising the need for adequate guardrails, the safe and trusted AI pillar will enable the implementation of ‘Responsible AI’ projects including the development of indigenous tools and frameworks, self-assessment checklists for innovators, and other guidelines and governance frameworks.

    The ‘FutureSkills’ initiative is conceptualised to mitigate barriers to entry into AI programmes and will increase AI courses in undergraduate, masters-level, and PhD programmes.

    Data and AI labs will be set-up in tier 2 and 3 cities across the country to impart foundational-level courses, said the ministry.

    The IndiaAI compute pillar will build a high-end scalable AI computing ecosystem to cater to the increasing demands from India’s rapidly expanding AI startups and research ecosystem.

    artificial intelligence

    Artificial intelligenceIANS

    The ecosystem will comprise AI compute infrastructure of 10,000 or more Graphics Processing Units (GPUs), built through public-private partnership.

    “An AI marketplace will be designed to offer AI as a service and pre-trained models to AI innovators. It will act as a one-stop solution for resources critical for AI innovation,” according to the Ministry of Electronics and IT.

    The next component is the IndiaAI Innovation Centre that will undertake the development and deployment of indigenous Large Multimodal Models (LMMs) and domain-specific foundational models in critical sectors.

    Another key aspect of the mission is the IndiaAI Datasets Platform which will streamline access to quality non-personal datasets for AI Innovation. A unified data platform will be developed to provide a one-stop solution for seamless access to non-personal datasets to Indian Startups and Researchers.

    The IndiaAI Application Development Initiative will promote the AI applications in critical sectors for the problem statements sourced from Central Ministries, State Departments, and other institutions.

    “The initiative will focus on developing/scaling/promoting adoption of impactful AI solutions with potential for catalysing large scale socio-economic transformation,” said the ministry.

    Last but not the least, the ‘IndiaAI Startup Financing’ pillar is conceptualised to support and accelerate deep-tech AI startups and provide them streamlined access to funding to enable futuristic AI Projects, said the government.

    (With inputs from IANS)

  • What is IndiaAI Mission: Know all about the seven key pillars [details]

    IndiaAI Mission: Know all about the 7 key pillars

    IndiaAI Mission: Know all about the 7 key pillarsIANS

    As artificial intelligence (AI) begins to percolate across industries amid privacy concerns, the Cabinet chaired by Prime Minister Narendra Modi has approved the comprehensive national-level IndiaAI Mission with a budget outlay of Rs 10,371.92 crore.

    By democratising computing access, improving data quality, developing indigenous AI capabilities, attracting top AI talent, enabling industry collaboration, providing startup risk capital, ensuring socially impactful AI projects and bolstering ethical AI, the mission will drive responsible, inclusive growth of India’s AI ecosystem.

    The mission will be implemented by ‘IndiaAI’ Independent Business Division (IBD) under Digital India Corporation (DIC), said the IT Ministry.

    Let us see what the mission with seven key initiatives will offer.

    Recognising the need for adequate guardrails, the safe and trusted AI pillar will enable the implementation of ‘Responsible AI’ projects including the development of indigenous tools and frameworks, self-assessment checklists for innovators, and other guidelines and governance frameworks.

    The ‘FutureSkills’ initiative is conceptualised to mitigate barriers to entry into AI programmes and will increase AI courses in undergraduate, masters-level, and PhD programmes.

    Data and AI labs will be set-up in tier 2 and 3 cities across the country to impart foundational-level courses, said the ministry.

    The IndiaAI compute pillar will build a high-end scalable AI computing ecosystem to cater to the increasing demands from India’s rapidly expanding AI startups and research ecosystem.

    artificial intelligence

    Artificial intelligenceIANS

    The ecosystem will comprise AI compute infrastructure of 10,000 or more Graphics Processing Units (GPUs), built through public-private partnership.

    “An AI marketplace will be designed to offer AI as a service and pre-trained models to AI innovators. It will act as a one-stop solution for resources critical for AI innovation,” according to the Ministry of Electronics and IT.

    The next component is the IndiaAI Innovation Centre that will undertake the development and deployment of indigenous Large Multimodal Models (LMMs) and domain-specific foundational models in critical sectors.

    Another key aspect of the mission is the IndiaAI Datasets Platform which will streamline access to quality non-personal datasets for AI Innovation. A unified data platform will be developed to provide a one-stop solution for seamless access to non-personal datasets to Indian Startups and Researchers.

    The IndiaAI Application Development Initiative will promote the AI applications in critical sectors for the problem statements sourced from Central Ministries, State Departments, and other institutions.

    “The initiative will focus on developing/scaling/promoting adoption of impactful AI solutions with potential for catalysing large scale socio-economic transformation,” said the ministry.

    Last but not the least, the ‘IndiaAI Startup Financing’ pillar is conceptualised to support and accelerate deep-tech AI startups and provide them streamlined access to funding to enable futuristic AI Projects, said the government.

    (With inputs from IANS)

  • Meet the new MacBook Air: M3 chip, AI, faster Wi-Fi, up to 18 hours of battery life [details inside]

    Apple's New MacBook Air Offers Enhanced Performance and Eco-Conscious Design

    Apple’s New MacBook Air Offers Enhanced Performance and Eco-Conscious DesignApple

    Apple made a surprise announcement, unveiling its newest MacBook Air models. The new 13-inch and 15-inch MacBook Air models, equipped with the powerful M3 chip, redefine the boundaries of performance and portability.

    The new MacBook Air models are not just about power; they are about delivering an unmatched user experience. With up to 18 hours of battery life, a Liquid Retina display, and new capabilities, these devices are designed to cater to a wide range of users. From college students pursuing their degrees to business users who need powerful productivity tools, the new MacBook Air models are poised to be the world’s best thin and light laptops, according to Greg Joswiak, Apple’s senior vice president of Worldwide Marketing.

    “MacBook Air is our most popular and loved Mac, with more customers choosing it over any other laptop. And today it gets even better with the M3 chip and new capabilities,” Joswiak said.

    The M3 chip is a game-changer. It makes the MacBook Air up to 60 percent faster than the model with the M1 chip and up to 13 times faster than the fastest Intel-based MacBook Air, according to the company.

    Also Read: MacBook Air 15-inch M2 review: Go big or go home

    Unleashing the power of AI

    This leap in performance is not just about speed; it’s about enabling users to do more. The new MacBook Air models support up to two external displays and offer up to two times faster Wi-Fi than the previous generation.

    The new MacBook Air models are not just powerful; they are smart. Apple has boldly claimed that the new M3 MacBook Air is the “world’s best consumer laptop for AI.” This claim is backed by the M3’s faster and more efficient 16-core Neural Engine and accelerators in the CPU and GPU that boost on-device machine learning. This incredible AI performance enables macOS to deliver intelligent features that enhance productivity and creativity.

    Apple's M3 MacBook Air: Power Meets Portability

    Apple’s M3 MacBook Air: Power Meets PortabilityApple

    The new MacBook Air models also support cloud-based solutions, enabling users to run powerful productivity and creative apps that tap into the power of AI, such as Microsoft Copilot for Microsoft 365, Canva, and Adobe Firefly. This combination of on-device and cloud-based AI capabilities makes the new MacBook Air models a powerful tool for a wide range of tasks, from checking homework with AI Math Assistance in Goodnotes 6 to automatically enhancing photos in Pixelmator Pro.

    Design and UI

    The new MacBook Air models are available in four colors: Midnight, Starlight, Silver, and Space Grey. The 13-inch MacBook Air with M3 starts at Rs 114,900 and Rs 104,900 for education, while the 15‑inch MacBook Air with M3 starts at Rs 134,900 and Rs 124,900 for education. The 13-inch MacBook Air with M2 chip now starts at Rs 99,900 and Rs 89,900 for education.

    They come with a comfortable and quiet backlit Magic Keyboard with a full-height function row with Touch ID, giving users a fast, easy, and secure way to unlock their Mac, sign in to apps and websites, and make purchases with Apple Pay.

    The new MacBook Air models also come with macOS Sonoma, which offers a range of features that enhance productivity. Users can now place widgets right on the desktop, interact with them with just a click, and even access the extensive ecosystem of iPhone widgets on the MacBook Air. Video conferencing gets more engaging with features like Presenter Overlay and Reactions.

    The new MacBook Air models also work seamlessly across iPhones and other Apple devices. Features like AirDrop, Universal Clipboard, Continuity Camera, and Handoff enable users to share and receive photos, documents, and more across nearby Apple devices, scan or take a picture of something nearby with their iPhone and have it appear instantly on their Mac, and start a task like answering an email on one Apple device and easily finish it on another.

    The new MacBook Air models with the M3 chip are a leap in user experience. They are designed to cater to a wide range of users, from students to professionals, and offer a range of features that enhance productivity and creativity. 

  • Bumble uses AI to foster safe, genuine connections; see how Deception Detector works [details]

    Bumble launches new feature

    Bumble launches new featureBumble

    As the world observes Safer Internet Day on Feb 6, Bumble marked the day with the launch of Deception Detector, its newest feature, to promote relationships that are genuine and safe. With the help of Artificial Intelligence (AI), Deception Detector ensures a safer user experience by identifying and addressing spam, scams, and fake profiles beforehand. Within the first two months of going live, Bumble saw a 45% drop in member reports related to spam, scams, and fraudulent accounts.

    Bumble conducted research and found that respondents from all over the world consistently cited the possibility of scams and phony profiles as their top concerns when it came to online dating. Specifically in India, 29% of respondents expressed worries about protecting personal information and the possibility of becoming a scam victim. These fears frequently prevent people from making deep connections that could have a positive influence on their lives.

    Using a fast and accurate machine learning-based model, Deception Detector assesses the validity of connections and profiles on all of Bumble Inc.’s platforms. Deception Detector automatically blocked 95% of detected spam and scam profiles, according to the company. This new technology, which is powered by automation and artificial intelligence, is supported by human support to add a human element and support community.

    Bumble

    Bumble

    “In light of the evolving online landscape, there’s a growing emphasis on authenticity. Bumble Inc. was founded with the mission of cultivating equitable relationships and empowering women to take the lead, and Deception Detector exemplifies our ongoing dedication to fostering genuine connections within our community,” Bumble’s CEO, Lidiane Jones, said.

    In the past, Bumble has rolled out many AI features, like Private Detector, an AI-powered tool that can recognize and blur explicit images, and also led the way in using AI for photo verification. Most recently, Bumble debuted Bumble For Friends, an AI-generated conversation starter tool to promote meaningful interactions, and Best Bees, an AI algorithm that improves content curation for members.

  • Samsung chairman Lee Jae-yong cleared in 2015 merger case [details]

    Lee Jae-yong, Samsung Group heir

    Lee Jae-yong, Samsung Group heir arrives at Seoul Central District Court to hear the bribery scandal verdictREUTERS/Chung Sung-Jun/Pool

    In a landmark ruling, the Seoul Central District Court acquitted Samsung Electronics Chairman Lee Jae-yong on Monday, in a case related to the controversial 2015 merger of two Samsung affiliates. The merger, allegedly conducted to facilitate Lee’s takeover of South Korea’s largest conglomerate, had been under scrutiny for years.

    Lee was indicted three years and five months ago on charges of involvement in market irregularities during the merger of Cheil Industries Inc. and Samsung C&T Corp. The merger was seen as a crucial step in Lee’s succession as the heir of the family-controlled group, following his father, Lee Kun-hee’s heart attack in 2014.

    The prosecution had suspected that the group manipulated the stock market to inflate the prices of Cheil and drive down Samsung C&T prices through various unfair practices. These included disseminating false market information, mass purchasing the affiliates’ stocks, and illegally lobbying the National Pension Service, a major Samsung C&T shareholder, to support the merger.

    Court’s verdict

    However, the court found no illegalities in Lee’s succession process. It concluded that Lee’s succession as the group chairman or the solidification of his control of the group were not the sole purpose of the 2015 merger. Furthermore, there was no evidence showing that the merger inflicted financial losses on shareholders.

    The court also acquitted Lee of charges of involvement in the suspected accounting fraud at Samsung Biologics, a subsidiary of Cheil Industries. “None of the criminal charges in this case have been proven,” the court said. Lee’s side welcomed the not-guilty sentence, with a lawyer representing Lee stating, “I truly appreciate the court’s wise decision.”

    The prosecution has a week to appeal the court ruling. In the ruling, Choi Gee-sung, a former head of Samsung’s now-disbanded control tower Future Strategy Office, two other former officials at the office, and 10 others were also acquitted of charges related to the merger.

    Prosecutors had demanded a five-year prison sentence for Lee, along with a fine of 500 million won ($373,550), pinpointing him as the ultimate person responsible for the alleged manipulation scheme. Lee has denied the charges, claiming his personal interests were not considered during the merger of the affiliates. He has also pleaded with the court to acquit him so that he can “concentrate all resources on moving the company forward.”

    Samsung Group leader Jay Y. Lee arrives for bribery suspicion questioning

    Samsung chief Lee Jae-yongReuters

    Lee had been sentenced to 2 1/2 years in prison in a bribery case involving ousted former President Park Geun-hye and was released on parole in 2021 while serving the term. The following year, he was given a special presidential pardon to have all his rights reinstated and return to management.

    The verdict from the Seoul Central District Court clears Lee of several charges, including stock price rigging, breach of trust, and accounting fraud, in the 2015 merger between Samsung C&T —a construction and engineering firm — and Cheil Industries. “Today’s verdict has made it clear the merger was legitimate. We sincerely thank the court for its judicious judgment,” Lee’s attorneys said in a brief statement.

    In the deal, three C&T shares were offered for one Cheil share, which prosecutors claimed had “undermined the fundamentals of the market,” according to an earlier Yonhap report. “A structure in which company’s owner groups are allowed to pursue personal interest is the biggest cause of the worsening Korea discount,” the prosecution said, referring to the perceived global undervaluing of South Korean businesses.

    The verdict comes almost three years after the first court hearing, with over 100 hearings being held since. This case has been one of the most high-profile legal battles in South Korea’s corporate history, drawing parallels to the 2008 acquittal of Lee’s father, Lee Kun-hee, who was charged with tax evasion and breach of trust.

    The acquittal of Lee Jae-yong marks a significant moment in South Korea’s corporate governance history, echoing past instances where business tycoons have been embroiled in legal battles, only to be acquitted or given lenient sentences. This pattern has often been attributed to the significant role these conglomerates play in the South Korean economy.

    The case has also highlighted the ongoing debate about the “chaebol” system, where family-controlled conglomerates dominate the South Korean economy. Critics argue that this system allows for unchecked power and potential corruption, while supporters claim it has been instrumental in South Korea’s rapid economic development.

    As the dust settles on this case, the focus now shifts to how Lee Jae-yong will steer Samsung Electronics, a global leader in technology, in the post-trial era. With the legal hurdles now behind him, Lee is expected to focus on innovation and global expansion, as he seeks to consolidate Samsung’s position in the highly competitive tech industry.

    Highlights

    1. Samsung Electronics Chairman Lee Jae-yong was acquitted in a case related to the 2015 merger of two Samsung affiliates.
    2. Lee was indicted on charges of market irregularities during the merger, seen as a crucial step in his succession.
    3. The court found no illegalities in Lee’s succession process and no evidence that the merger inflicted financial losses on shareholders.
    4. Lee was also acquitted of charges of involvement in suspected accounting fraud at Samsung Biologics.
    5. The acquittal marks a significant moment in South Korea’s corporate governance history, with focus now shifting to Lee’s leadership of Samsung Electronics.

  • iPhone revenue sets September quarter record; strong growth in India [details]

    Tim cook

    Tim cook

    Apple has reported a strong double-digit growth in the December quarter in India, marking another quarter revenue record in the country. The company’s CEO, Tim Cook, highlighted this achievement during the announcement of the financial results for its fiscal 2024 first quarter, which ended on December 30. The company posted quarterly revenue of $119.6 billion, a 2% increase year over year.

    Apple’s growth in India is part of a broader trend of record-breaking performances in several countries, including Indonesia, Saudi Arabia, and Chile. The company’s CFO, Luca Maestri, also spotlighted the success of Zoho, a leading SaaS technology company based in India. Zoho offers its 15,000-plus global employees a choice of devices, with 80% of their workforce using iPhone for work and nearly two-thirds choosing Mac as their primary computer.

    Apple’s growth in India is particularly noteworthy given the overall flatness of the country’s smartphone market. In 2023, India’s smartphone shipments remained steady at 152 million units. However, Apple managed to surpass the 10-million-unit mark in shipments and captured the top position in revenue for the first time in a calendar year.

    Apple’s global performance

    Apple’s global performance was also strong. The company registered $69.7 billion in revenue for iPhones in the December quarter of 2023, a 6% growth year-over-year. The company set all-time records in several countries and regions, including Latin America, Western Europe, the Middle East, and Korea.

    Apple

    AppleIANS

    Apple’s services revenue also set an all-time record of $23.1 billion, up 11% year-over-year. “We’re very pleased with our services performance in both developed and emerging markets, with all-time revenue records in the Americas, Europe, and rest of Asia-Pacific,” said Maestri.

    Despite a 25% year-over-year decrease in iPad revenue, Apple’s Mac generated revenue of $7.8 billion and returned to growth. The company attributed this success to the positive customer response to its latest iMac and MacBook Pro models powered by the M3 chips.

    Apple Vision Pro and enterprise sector

    Apple’s future looks promising, with the upcoming launch of Apple Vision Pro generating strong excitement in the enterprise sector. Leading organizations across many industries, such as Walmart, Nike, Vanguard, Striker, Bloomberg, and SAP, have started leveraging and investing in Apple Vision Pro as a new platform to bring innovative spatial computing experiences to their customers and employees.

    Apple Vision Pro; the best of both worlds?

    Apple Vision ProApple

    Apple’s strong performance in the December quarter is a testament to its ability to adapt and thrive in a challenging global market. The company’s commitment to innovation and customer satisfaction, coupled with its strategic investments and partnerships, positions it well for continued growth and success in the future.

    Highlights

    1. Apple reported strong double-digit growth in India, marking another quarter revenue record.
    2. The company’s growth in India is part of a broader trend of record-breaking performances in several countries.
    3. Despite a steady smartphone market in India, Apple surpassed the 10-million-unit mark in shipments.
    4. Luca highlighted Zoho, a leading technology company headquartered in India, offering its 15,000-plus global employees a choice of devices, with 80% of their workforce using iPhone for work and nearly two-thirds of them choosing Mac as their primary computer.
    5. Responding to an analyst questions, Tim multiple times referenced that India grew in revenue terms, strong double digits in the December quarter and hit a quarter revenue record.
    6. Apple’s global performance was strong, with all-time records in several countries and regions.
    7. The upcoming launch of Apple Vision Pro is generating strong excitement in the enterprise sector.