Wednesday, October 15, 2025

Sources: Apple is lobbying India to modify its income tax law to ensure Apple is not taxed for owning high-end iPhone machinery it provides to its manufacturers (Reuters)

Reuters:
Sources: Apple is lobbying India to modify its income tax law to ensure Apple is not taxed for owning high-end iPhone machinery it provides to its manufacturers  —  - Apple is increasingly focusing on India expansion  — Apple often owns machines used by partners, but not in India



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...