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China Overtakes U.S. to Become Biggest iPhone Market in Q2 2023
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I wouldn't necessarily call it "markup." The starting price of the iPhone 14 Pro is around ₹90,233 which is around $1,090 USD or only $91 USD more than the pre-sales tax price for same phone in the U.S.
However, added to the ₹90,233 price in India is duty and GST which brings the price up to ₹129,900.
If you feel the price is high, much of the blame (or credit) can go to the India government.
No, I was referring to the post stating it’s good there’s trade going in 2 directions. Which is not he case. The containers going back to China are empty.
Asians traditionally have been frugal and also savers. This changed at some point, maybe around the turn of the century? I was in Beijing in the 1980s and I recall that a typical salary was $30.
A month.
My son had network issues with his iPhone 6S. I suggested he upgrade to a SE3 but I looked at his phone and got it working again. So he's not upgrading. My wife also has a 6S and I ask her if she wants an upgrade every year - and she's said no. I did replace the battery on it this year as it appears that she's going to use it until they turn of 4G.
A month.
My son had network issues with his iPhone 6S. I suggested he upgrade to a SE3 but I looked at his phone and got it working again. So he's not upgrading. My wife also has a 6S and I ask her if she wants an upgrade every year - and she's said no. I did replace the battery on it this year as it appears that she's going to use it until they turn of 4G.
I'm a millionaire, but I'm still using an iPhone 7 Plus from 2019 ie. discounted. I do like the idea of keeping things until they're falling apart.
Looking forward to the 15 Pro Max though.
Made in China, taxed in Ireland, but I get your point.
I think Chinese iPhones actually have a dual sim slot, so no e-sim at all. Great if you want to use 2 physical sims.
Notice that these gains are being made in android strongholds. Apple is having success in getting more users to switch over from android, and this may be what is contributing to more sales, compared to the US, where the iphone market is probably close to being saturated.
This is less about Chinese economic improvement and more about people there bucking local brands and the death of Huawei
Asian consumers have long been known to prefer larger-sized smartphones, and a separate analysis suggests this factor may have boosted overall sales of iPhone 14 Pro Max models.
I guess it is a mix between a status symbol and the big screen, otherwise we would also see iPhone 14 Plus to sell really well in Asia, which, however, was not the case.
I guess it is a mix between a status symbol and the big screen, otherwise we would also see iPhone 14 Plus to sell really well in Asia, which, however, was not the case.
Not “duh” at all! The population of India is >> that of the U.S., too, but the level of iPhone sales there is hardly equal to that in China.
The point is that there are many factors other than population that account for iPhone sales, including tariffs, VATs, domestic manufacturers, size of the middle class, income distribution, advertising, Apple physical presence, cultural and social values, tech development, etc.
Monocausal explanations are rarely true and rarely the complete story, especially when it comes to social, historical, business, and macro-economic events and indicators.
No it won't. They are projected for a massive population collapse in the next 10-15 years. That will be their undoing.
Yeah, my wife has always had the gold iPhone since it launched on the 5s in 2013. Her Gold 13 Pro Max is a beautiful phone.
The profits on an iPhone far exceed the manufacturing costs and the profits go to Apple.
The profits go to Apple. It’s not perfect but it’s better than not selling iPhones in China.
China's middle class is 2x the size of the U.S. population. Half of China's 1.4 billion+ population falls into the middle class.
According to https://chinapower.csis.org/china-middle-class/, China's middle class population was at 707 million in 2018, with about 2/3rds falling into the lower-middle income category
Based on Pew’s income band classification, China’s middle class has been among the fastest growing in the world, swelling from 39.1 million people (3.1 percent of the population) in 2000 to roughly 707 million (50.8 percent of the population) in 2018. This amounts to an increase of 667.9 million (or 47.8 percentage points). Among BRICS economies, only Russia has come close to matching China’s rate of increase. Russia’s middle class grew by 62 million people, expanding from 28.2 percent of the population to 71.5 percent. Meanwhile, Brazil’s middle class grew by 54.8 million (30.3 percent to 51.4 percent), and India’s expanded by 64.8 million (1.2 percent to 5.7 percent).
while the U.S. population was estimated to be 334,233,854 on Jan. 1, 2023.
I just look at what the $$$ were for a Note that got bought at the same time as an iPhone Xr, and spread the costs over the entire Upgraded OS Life of the two phones ..., and the trade in I'd get for both.
There's a reason the term 'False Economy' was coined.
Why would they need a back door when Apple willingly shares customer data with them?
Apple gave in to the government's demands that their data center be built in China and be managed by the Chinese
Apple’s Compromises in China: 5 Takeaways (Published 2021)
To stay on the good side of the Chinese authorities, the company has made decisions that contradict its carefully curated image.
Over two decades, Apple built the world’s most valuable company on top of China. It now assembles nearly all of its products in the country and generates a fifth of its sales there. In turn, the Chinese government has pressured Apple executives to make compromises that flout the values they espouse.
An investigation by The New York Times revealed how Apple has risked its Chinese customers’ data and aided the Chinese government’s censorship. Here are five takeaways:
- Apple stores customer data on Chinese government servers.
- Apple now shares customer data with the Chinese government.
- Apple proactively removes apps to placate Chinese officials.
- Apple banned apps from a Communist Party critic.
- Tens of thousands of iPhone apps have disappeared in China.
...and not in China, either. Particularly by value added China adds little. The parts are manufactured around the world and shipped to China. We know the processor chips are from Taiwan (moving to a US fab and nearly all the equipment in the TSMC fabs come from Europe, the US and Japan), screens from Korea and Japan, memory chips Japan and Korea, specialty chips various countries like accelerometers from Germany and LIDAR scanner in Texas as well as the glass from Kentucky. (It's unclear to me where the cameras and Qualcomm chips which are said to be $20 of every phone are manufactured.)
The US market must have finally run out of flip phone users and old Nokia brick users to convert to smart phone.