Last week was a hectic one for me. Apple Inc. AAPL With major leadership changes, exciting product launches and strategic expansion plans, the tech giant is saying goodbye to key executives and gearing up for a major product launch event. Meanwhile, the Cupertino, California-headquartered company is also building a new assembly plant and expanding its operations in India.
Apple App Store Leadership Renewal
Matt FisherFisher, who has been head of Apple's App Store business since 2010, announced his departure from the company. “After 21 years at Apple, I have decided to leave this great company,” Fisher said in an email to his team. He also said the reorganization was an opportunity to hand over the reins to two outstanding leaders on his team.
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Apple's upcoming product announcements
Apple is iPhone 16new Apple Watchand Airpods Apple unveiled the iPhone 16 at its event on September 10. The launch is crucial for the company, which has seen sluggish sales in recent quarters. The new iPhone 16 is expected to help boost revenue, with sales hitting record highs in the current fiscal quarter. Analysts expect holiday quarter revenue to grow 7% to $128.4 billion.
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Also read: Driven by Xi Jinping's 'new production capacity' goal, China is racing Tesla to build battery-powered humanoid robots
Apple's expansion in India
Apple is preparing to open its fourth iPhone assembly plant in India. Tata ElectronicsThe new iPhone assembly plant will be built in Hosur, Tamil Nadu, and is scheduled to start operations in November. It will be Tata's second iPhone assembly plant in India.
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New colors for the iPhone 16 Pro
According to reports, the upcoming iPhone 16 Pro lineup will add a new color, “Desert Titanium,” to the existing four color options. The new “Desert Titanium” shade is described as a “dark gold similar to the previous purple” and is expected to be a “subtle, deep” color.
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Foldable MacBook production delays
Apple has reportedly delayed mass production of its highly anticipated foldable MacBook. Ming-Chi KuoThe prominent analyst said technical issues with the display and mechanisms have pushed back the assembly and mass production timeline from early 2026 to late 2027 or 2028.
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This story was written and edited with Benzinga Neuro. Ananya Gairola
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