
via News – MySmartPrice https://ift.tt/35RdKVa
Several meetings between Apple's senior executives and top ranking government officials over the last few months have paved the way for the iPhone maker examining the possibility of shifting nearly a fifth of its production capacity from China to India and scaling up its local manufacturing revenues, through its contract manufacturers, to around $40 billion over the next five years, say officials familiar with the matter.A senior government official told ET the decision is being linked to India's production-linked incentive (PLI) scheme, which was introduced to boost local manufacturing of electrical products, particularly smartphones.
Like many of you, we were gutted to learn that Newton was shutting down, yet again. This time though, we had to do something. We scrambled to get in touch with Essential as fast as possible. After a rollercoaster of a bidding process, we were lucky enough to be chosen as the new owners of CloudMagic.Existing users of Newton Mail shouldn't see any differences in the short term and the service will continue to cost $50 a year to use, but the new owners plan to bring better communication and customer support to users, as well as fix some bugs in the software. After that, they intend to roll out new features including a new dark mode within three to six months.
This wasn't easy for us. We aren't a well funded VC backed company. Nor are we a big corporation looking to acquire assets we can use. We are just an indie app development agency that loves building products.
Both Justin and I have years of experience in designing and building beautiful software products for startups and companies. We understand the ins and outs of product design and development but M&A (mergers and acquisitions) was a new rodeo for us.
Lucky for us, the circumstances around the buyout and recent economic situation, accelerated the sale and let us take over ownership of what we think is one of the best apps developed.