{"id":65922,"date":"2026-08-04T03:38:15","date_gmt":"2026-08-04T07:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-hits-10-billion-milestone-in-india-as-globalwafers-beats-estimates\/65922\/"},"modified":"2026-08-04T03:38:15","modified_gmt":"2026-08-04T07:38:15","slug":"apple-hits-10-billion-milestone-in-india-as-globalwafers-beats-estimates","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-hits-10-billion-milestone-in-india-as-globalwafers-beats-estimates\/65922\/","title":{"rendered":"Apple Hits $10 Billion Milestone in India as GlobalWafers Beats Estimates"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-hits-10-billion-milestone-in-india-as-globalwafers-beats-estimates\/65922\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-hits-10-billion-milestone-in-india-as-globalwafers-beats-estimates\/65922\/#Apples_India_Momentum_Reaches_New_Heights\" >Apple\u2019s India Momentum Reaches New Heights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-hits-10-billion-milestone-in-india-as-globalwafers-beats-estimates\/65922\/#GlobalWafers_Outperforms_as_Chip_Demand_Stabilizes\" >GlobalWafers Outperforms as Chip Demand Stabilizes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-hits-10-billion-milestone-in-india-as-globalwafers-beats-estimates\/65922\/#Massive_Recall_Hits_Chrysler_Fleet\" >Massive Recall Hits Chrysler Fleet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-hits-10-billion-milestone-in-india-as-globalwafers-beats-estimates\/65922\/#Huawei_Warns_of_%22Physical_Limits%22_for_Nvidia\" >Huawei Warns of &quot;Physical Limits&quot; for Nvidia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-hits-10-billion-milestone-in-india-as-globalwafers-beats-estimates\/65922\/#Japans_Yen_Defense_Strategy\" >Japan\u2019s Yen Defense Strategy<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> has surpassed <strong>$10 billion<\/strong> in annual sales in India for the first time, marking a significant milestone in its aggressive expansion within the world&#39;s most populous nation.<\/li>\n<li><strong>GlobalWafers (6488.TW)<\/strong> reported a strong Q2 net income of <strong>NT$3.78 billion<\/strong>, significantly exceeding analyst estimates of <strong>NT$3.07 billion<\/strong>, despite broader semiconductor market volatility.<\/li>\n<li><strong>Chrysler (FCA US, LLC)<\/strong>, a subsidiary of Stellantis (<a href=\"\/stock\/STLA\">STLA<\/a>), is recalling over <strong>1.27 million vehicles<\/strong> in the U.S. due to potential seat belt buckle anchor defects.<\/li>\n<li><strong>Huawei&#39;s top scientist<\/strong> issued a warning that <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> and other Western chipmakers are nearing the <strong>physical limits of semiconductor scaling<\/strong>, potentially slowing the pace of computing breakthroughs.<\/li>\n<li><strong>Citigroup (<a href=\"\/stock\/C\">C<\/a>)<\/strong> analysts suggest Japan possesses alternative &quot;defense tools&quot; for the <strong>Yen<\/strong> that do not require the sale of its massive <strong>U.S. Treasury portfolio<\/strong>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Apples_India_Momentum_Reaches_New_Heights\"><\/span>Apple\u2019s India Momentum Reaches New Heights<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>) has officially crossed the <strong>$10 billion<\/strong> mark in annual sales in India, a critical achievement as the tech giant pivots its retail and manufacturing focus toward the region. This growth comes on the back of record-breaking June quarter revenue, where the <strong>Mac<\/strong> lineup saw its best-ever performance in the country.<\/p>\n<p>The company has successfully navigated rising memory chip costs and supply constraints to maintain its premium market share. Analysts note that India has now become a top growth driver for Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>), supported by local manufacturing incentives and an expanding retail footprint in major cities.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"GlobalWafers_Outperforms_as_Chip_Demand_Stabilizes\"><\/span>GlobalWafers Outperforms as Chip Demand Stabilizes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Taiwan-based <strong>GlobalWafers (6488.TW)<\/strong> posted impressive second-quarter results, with a net income of <strong>NT$3.78 billion<\/strong>. This figure comfortably beat the estimated <strong>NT$3.07 billion<\/strong>, signaling resilient demand for silicon wafers used in advanced semiconductor manufacturing.<\/p>\n<p>For the first half of 2026, the company reported an operating profit of <strong>NT$2.90 billion<\/strong> and a total net income of <strong>NT$5.67 billion<\/strong>. These results suggest that while the broader industry faces headwinds, specialized material suppliers are finding stability through the ongoing <strong>AI infrastructure<\/strong> build-out.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Massive_Recall_Hits_Chrysler_Fleet\"><\/span>Massive Recall Hits Chrysler Fleet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Chrysler (FCA US, LLC)<\/strong>, under the Stellantis (<a href=\"\/stock\/STLA\">STLA<\/a>) umbrella, has initiated a recall of <strong>1,271,294 vehicles<\/strong> in the United States. According to the <strong>NHTSA<\/strong>, the recall primarily affects <strong>2019-2026 Ram 1500<\/strong> models due to improperly installed second-row seat belt buckle anchors.<\/p>\n<p>The defect could significantly increase the risk of injury during a collision. Dealers are expected to inspect and repair the anchors free of charge, with owner notifications scheduled to begin in mid-August.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Huawei_Warns_of_%22Physical_Limits%22_for_Nvidia\"><\/span>Huawei Warns of &quot;Physical Limits&quot; for Nvidia<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A leading scientist at <strong>Huawei<\/strong> has publicly warned that industry leaders like <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> are approaching the physical boundaries of <strong>Moore\u2019s Law<\/strong>. The scientist noted that shrinking transistors further is becoming increasingly difficult, which may force a shift toward new architectural principles like the &quot;Tau Scaling Law.&quot;<\/p>\n<p>This warning comes as Huawei continues to develop its own <strong>Ascend AI chips<\/strong> to challenge <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>&#39;s (<a href=\"\/stock\/NVDA\">NVDA<\/a>) dominance. The Chinese firm is focusing on networking and system-level integration to compensate for the hardware performance gaps caused by Western export restrictions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Japans_Yen_Defense_Strategy\"><\/span>Japan\u2019s Yen Defense Strategy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As the <strong>Yen<\/strong> remains under pressure, <strong>Citigroup (<a href=\"\/stock\/C\">C<\/a>)<\/strong> strategists report that Japan has several options to support its currency without offloading <strong>U.S. Treasuries<\/strong>. These tools include utilizing the <strong>Federal Reserve&#39;s FIMA repo facility<\/strong>, which allows central banks to raise dollars using Treasuries as collateral rather than selling them outright.<\/p>\n<p>Japan also holds approximately <strong>$160 billion<\/strong> in deposits at other central banks and could potentially sell Euro-denominated assets to support the Yen. These &quot;alternative&quot; methods are seen as a way to intervene in currency markets without causing major disruptions to the global bond market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Apple (AAPL) has surpassed $10 billion in annual sales in India for the first time, marking a significant [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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