Apple Stock News: Apple Investing $200 Million in High Tech Carbon Removal Efforts
Apple Stock News: Apple has announced that it is investing $200 million in its Restore Fund, which aims to pay for nature-based carbon removal projects to protect and restore critical ecosystems. The investment will be managed by Climate Asset Management and aims to remove one million metric tons of carbon dioxide per year. Apple suppliers will also be able to take advantage of high-impact carbon removal projects. Apple has achieved carbon neutrality for its corporate operations and wants all Apple-related operations to be carbon neutral by 2030.
Apple Celebrates First Stores in India
Apple will open its first two retail stores in India next week: Apple BKC in Mumbai on April 18 and Apple Saket in Delhi on April 20. The stores will offer sales and services like tech support and creative sessions. To celebrate the occasion, Apple has released special wallpapers for iPhone, iPad, and Mac, which are available for download on its website. CEO Tim Cook reportedly plans to attend the store openings and meet with India’s Prime Minister Narendra Modi.
Exclusive Manufacturing Partner for Mixed-Reality Headset
Apple has removed Pegatron from the supply chain for its mixed-reality headset, with manufacturing and final assembly operations handed over to Chinese supplier Luxshare. Pegatron’s production process has been designed but the company may not be negatively affected as low initial manufacturing volumes for Apple’s unproven headset could be unprofitable. Luxshare’s takeover marks the first time a Chinese company will be solely responsible for manufacturing and assembling a new Apple product at launch. Luxshare already manufactures AirPods for Apple and is expected to help supply the iPhone 15 Pro Max, upcoming MacBooks, and Apple’s long-rumored electric vehicle.