Previous Close | 102.50 |
Open | 101.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 99.60 - 101.50 |
52 Week Range | 74.90 - 122.00 |
Volume | |
Avg. Volume | 6,484,533 |
Market Cap | 265.845B |
Beta (5Y Monthly) | 0.49 |
PE Ratio (TTM) | 14.55 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 4.00 (4.01%) |
Ex-Dividend Date | Jun 27, 2024 |
1y Target Est | N/A |
(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 BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapTesla Speeds Cheaper EV Plans, Calming Fears Over StrategyBillion
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.