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UBS maintains a "Neutral" rating on Apple with a price target of $236, reflecting recent data on iPhone 16 availability. Meanwhile, JPMorgan upgraded Apple to "Overweight" with a target of $265, as the company navigates various market challenges and opportunities. In related news, an Apple insider sold over $45 million in shares, and the company is facing a $3.80 billion antitrust lawsuit regarding iCloud storage.
Tata Electronics has secured a majority stake in Pegatron's iPhone plant in Tamil Nadu, India, forming a joint venture where Tata will hold 60% and manage daily operations. Pegatron will retain the remaining stake and provide technical support. Financial details of the deal remain undisclosed.
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09:34 20.11.2024
Tata Electronics acquires majority stake in Pegatron's iPhone plant in India
08:46 17.11.2024
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