where did you pick up the word "black market" lol.
https://en.wikipedia.org/wiki/Black_market
India is listed in that article. LOL. No surprise since tax evasion is part of the black market.
where did you pick up the word "black market" lol.
What India have you been to ?
Here's a small snapshot of brands in India...
https://www.selectcitywalk.com/shopping/
http://lulumall.in/fashion
https://www.phoenixmarketcity.com/chennai/brands
The ignorance in this thread is off the hook!
Because they are trying anything to sell their failing phones?Not true. RAM is a huge selling point to a lot of people in India and China. Why do you think Lenovo just came out with a 12gb phone?
Because they are trying anything to sell their failing phones?
Apple has the formula, that is clear. 217M phones at $761/each. Every company is trying to be Apple.
A lot the improvements in China come from their single party government. The governments says, "We want to be technologically advanced, let's clean the pollution, let's connect everyone with high speed rail" startups develop smartphone technologies, connected everything, people buy a smartphones, they can order people to stop polluting (literally), they will build all new infrastructure. (There of course downfalls to this single party system, but that will be too political)
In India, there is no central body holding all the power that the populace has to follow. No infrastructure can built without committees and a long time. It takes years for Apple to open a store or factory. Foreign companies cannot break into the market without padding to pockets of many people in power.
I think those URLs literally affirmed the other poster's comments (though perhaps the examples were a bit exaggerated). The first URL is a shop in New Delhi which has a number of luxury brands, but the other links are just your common foreign brands.
What India have you been to ?
Here's a small snapshot of brands in India...
https://www.selectcitywalk.com/shopping/
http://lulumall.in/fashion
https://www.phoenixmarketcity.com/chennai/brands
The ignorance in this thread is off the hook!
What India have you been to ?
Here's a small snapshot of brands in India.
https://www.selectcitywalk.com/shopping/
http://lulumall.in/fashion
https://www.phoenixmarketcity.com/chennai/brands
The ignorance in this thread is off the hook!
I'd say iPhone prices in the US are well above many US customers, not just Indian, and that may be one reason why sales are slowing in the US
Lol this. I am a doctor, make enough money to afford any iPhone on market right now but I still wont ever spend $1400 on an iPhone, even $1000 makes me think twice.
Seems like you know only half, no wait... correction, just a tiny bit of Thailand, but I don't blame you, few people understand Thai.
Mt. Cook? Hmm...They certainly do. Last quarter’s sales were $63 billion, up 20% from the same quarter last year. Next quarter’s sales will be around $90 billion.
Hat tip to Mt. Cook!
Most companies are not actually trying to be Apple. Most companies want to push more units at the cost of margin.
Interestingly enough, in Thailand you will see more people with iPhones because even the poorer people are willing to sacrifice more to get that status. It's not uncommon to see people with cars as expensive as their house instead of, you know, getting a house thats twice as nice because cars are a status symbol.
Correct. Non functioning “notch” on some Android models. Phones designed for low cost more than best function. Copycats. Etc.
Apple is making the best product - and pretty much lets the chips fall where they may.
Wrong. They push units at low prices because they don’t have pricing power. No good company wants to sell their products for less than possible. Apple just demonstrated pricing power of their products in 2018.Most companies are not actually trying to be Apple. Most companies want to push more units at the cost of margin.
This. Only fools would ignore the emerging markets like India and Indonesia (second and 4th largest population in the world). All luxury brands have, or want to have, presence in these countries. The top 1% in these countries can shame even the richest Americans.Wistron already has a plant there.
It would just need a few modifications.
Only an idiot would ignore a country of 1.3billion, 1% of 1.3bil is 13mil. 5% is 65mil. Even if just 5% of Indians buy an apple product, Apple will still make billions.
Wrong. They push units at low prices because they don’t have pricing power. No good company wants to sell their products for less than possible. Apple just demonstrated pricing power of their products in 2018.
They can always lower, but companies dream of raising prices. Most just can’t.
Look at Disney’s prices. They raise because they can.
Lol this. I am a doctor, make enough money to afford any iPhone on market right now but I still wont ever spend $1400 on an iPhone, even $1000 makes me think twice.
Why does apple even bother with India? Their government imposes ridiculous restrictions on foreign companies and their people are too poor to afford iPhones.
Did you know android has expensive phones too? Shocker. They also have cheaper phones like apple too. So I don’t understand this “well I’ll just buy android then” when it’s the same situation over there
[doublepost=1545179868][/doublepost]Taxes are heavy but they are the same for all manufacturers. So why is the Samsung note 9 the same price as the iPhone xs in the US but significantly cheaper than the iPhone xs in India? That suggests that there is an Apple specific problem.The article focuses on sales and the popular idea that iPhone is too expensive. but people should look at what Tim Cook is saying here.
The Indian gov is notorious for red tape and making it difficult to do business in the country.
It isn’t that Apple couldn’t sell low priced iPhones there. It is that the gov is trying to negotiate tax rates and other concessions from Apple to get the stores in place.
Apple is okay waiting for the government of India to create a reasonable set of rules for Apple to invest heavily in the country with stores, advertising and probably entertainment content deals as well.
So this is likely much more about lack of a grand bargain between Apple and India than some quarterly or annual horse race on revenue.
This is one of the challenges to selling to upper income people. If you can only afford a $250 phone, then you only have one option. If you can afford a $1,000 phone then you have the option of a $1,000 phone, a $250 phone and every phone priced in between.
Rich people have many more buying options than poor people.
It seems to me that Apple is trying to offer a product line across the entire socio-economic spectrum. It may work, but I think they will struggle as more people begin to view the smartphone as another commodity.