💻 Unplugging Imports

Plus: 💰 $10B Deposits, 💼 More Merchants, Higher Prices

💻 India Implements Import Restrictions on Laptops and Tablets

India has just announced that it will restrict the import of laptops, tablets, and other personal computers.

This move is aimed at boosting local manufacturing efforts.

The government has also unveiled a $2 billion scheme to promote businesses locally building hardware, such as laptops, PCs, servers, and edge computing kits.

The policy announcement aims to provide secure digital access to the growing number of digital citizens in the country. Making the country a desirable location for Apple and its manufacturing partners to establish a global manufacturing hub.

💰 Apple's Juicy Savings Account Surpasses $10 Billion in Deposits in Just Four Months

Apple has revealed that its juicy Savings account offered by Goldman Sachs has raked in over $10 billion in deposits from users since launching in April.

The Savings account offers an APY of 4.15%. Since launch, 97% of Savings customers have chosen to have their Daily Cash automatically dumped into their account.

There is no cap on how much Daily Cash users can earn, and users can deposit extra funds into their Savings account through a linked bank account or from their Apple Cash stash.

So, if you’re an Apple user looking for a juicy savings option, this might be worth a peek!

🛍️ Online Store Giant Shopify Surpasses Growth Projections

Shopify, the online store builder, reported strong revenue growth and beat expectations for the second quarter.

The company said more merchants and businesses signed up for its services and paid higher prices.

Shopify expects to grow even faster in the third quarter, despite selling its logistics business and cutting 20% of its staff.

Shopify’s shares, which have soared nearly 80% this year, rose 7% after the results.

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