Apple Current Affairs - 2020

NITI Aayog: “Arogya Setu” – Fastest App to reach 50 million downloads

On April 15, 2020 NITI Aayog announced that Arogya Setu became the first mobile application in the world to reach more than 50 million downloads in short span of time. Highlights The application was developed by a committee set up by Prime Minister Modi. The application was used for contact tracing. Record set The application Read More…

World Bank and GoI sign Agreement on Climate Resilient Rain-Fed Agriculture

On March 11, 2020, the World Bank, Government of India and Government of Himachal Pradesh signed a loan agreement of 80 million USD to increase agricultural productivity and improve water management practices in Himachal Pradesh. Highlights The loan is to be used to implement the project in around 428 Gram Panchayats. The Panchayats are spread Read More…

Gafa Tax: France to levy 3% tax on Internet giants

The French parliament approved a law dubbed as Gafa Tax (an acronym for Google, Apple, Facebook and Amazon), the legislation will impose a 3% levy on sales generated in the country by non-tax paying online giants. Key Highlights Levying this 3% tax on total annual revenues of largest technology firms providing services to French consumers Read More…

Apple Opens First Official Store in South East Asia at Singapore

Apple has opened its first store in Southeast Asia at Singapore’s upmarket shopping district. Apple expects this store to be one of the most of the most popular stores in the world. Most of the earnings for Apple comes from the sales of its flagship iPhone, which of late faces increasingly tough competition in a saturated market. Apple already Read More…

Apple’s Cash Reserve worth 2/3rd of India’s Forex Reserve

Apple has reported over $256 billion in cash and marketable securities. In the previous year, Apple’s earnings report for the January-March quarter was $233 billion. According to the rating agencies, the cash reserve possessed by the company is more than Google, Microsoft and Amazon’s total cash. Compared to Apple’s $256 billion, Microsoft has $126 billion, Alphabet has $92 billion, Read More…