The average annual income in India is pegged at $1790. No doubt raising the price of the iPhone will lead to greater market share there. Maybe Indians can find a way to give up both kidneys.
You forget Apple isn’t targeting ave. Indians with $1800 yearly income. They are targeting Tier 1 city folks & people in the upper middle class. For these people Apple should inprove the services of hardware with Apple Stores & services.Numbers don’t matter much to Apple. Even though their market share is less their profits & revenue in India has increased.
The middle class in India is smaller than you think. It’s also poorer than the middle class in China, which is poorer than in the US. Phone sales have been contracting in India for several years. When you have very sales, which is the case for Apple, you have no profit either. It’s costing Apple a grr]eat deal to set up in India with no real payback so far.
numbers do matter to Apple, and I’m tired of people saying otherwise.
You are wrong. I said upper middle class & Tier 1 city folks.In the economic times article it clearly states that Apple’s profits & revenue are increasing in India. Plus the investments Foxconn is putting in India is for making it an export hub, with 80%-90% production capacity going to foreign iPhone markets.Domestic markets aren’t big in India. Plus Apple won’t lower its standard for India. And that’s excellent.
I’d like to see that article, or a quote from it, since I no longer subscribe. Something recent, that is.
The average annual income in India is pegged at $1790. No doubt raising the price of the iPhone will lead to greater market share there. Maybe Indians can find a way to give up both kidneys.
You forget Apple isn’t targeting ave. Indians with $1800 yearly income. They are targeting Tier 1 city folks & people in the upper middle class. For these people Apple should inprove the services of hardware with Apple Stores & services.Numbers don’t matter much to Apple. Even though their market share is less their profits & revenue in India has increased.
The middle class in India is smaller than you think. It’s also poorer than the middle class in China, which is poorer than in the US. ...
It all depends on how you define the middle class in China. The number of people in China that are as wealthy as, or more wealthy than, the 50th percentile in the US, is a larger number than in the US.
The average annual income in India is pegged at $1790. No doubt raising the price of the iPhone will lead to greater market share there. Maybe Indians can find a way to give up both kidneys.
You forget Apple isn’t targeting ave. Indians with $1800 yearly income. They are targeting Tier 1 city folks & people in the upper middle class. For these people Apple should inprove the services of hardware with Apple Stores & services.Numbers don’t matter much to Apple. Even though their market share is less their profits & revenue in India has increased.
The middle class in India is smaller than you think. It’s also poorer than the middle class in China, which is poorer than in the US. ...
It all depends on how you define the middle class in China. The number of people in China that are as wealthy as, or more wealthy than, the 50th percentile in the US, is a larger number than in the US.
Depending on who you read, China’s middle class is anywhere between 400 to 700 million people.
The average annual income in India is pegged at $1790. No doubt raising the price of the iPhone will lead to greater market share there. Maybe Indians can find a way to give up both kidneys.
You forget Apple isn’t targeting ave. Indians with $1800 yearly income. They are targeting Tier 1 city folks & people in the upper middle class. For these people Apple should inprove the services of hardware with Apple Stores & services.Numbers don’t matter much to Apple. Even though their market share is less their profits & revenue in India has increased.
The middle class in India is smaller than you think. It’s also poorer than the middle class in China, which is poorer than in the US. Phone sales have been contracting in India for several years. When you have very sales, which is the case for Apple, you have no profit either. It’s costing Apple a grr]eat deal to set up in India with no real payback so far.
numbers do matter to Apple, and I’m tired of people saying otherwise.
You are wrong. I said upper middle class & Tier 1 city folks.In the economic times article it clearly states that Apple’s profits & revenue are increasing in India. Plus the investments Foxconn is putting in India is for making it an export hub, with 80%-90% production capacity going to foreign iPhone markets.Domestic markets aren’t big in India. Plus Apple won’t lower its standard for India. And that’s excellent.
I’d like to see that article, or a quote from it, since I no longer subscribe. Something recent, that is.
The Economic times article linked in the AI article says Apple’s India revenue & profits are up. Their marketshare has decreased from 2.6% to 1.3% but profits are up.
I'm hoping that a new SE sized iPhone is announced in September. My wife owns an SE and refuses to use anything larger, The XR (the cheapest X Series iPhone) is a joke for those with smaller hands, It's simply uncomfortable to use. The current design points in the X Series (or the XI Series) is where the SE point needs to one.
The SE also opens the door to a traditional marketing program of upgrades used by the auto industry for generations. GM would start you with a Chevy, move you to a Pontiac, then an Olds (or Buick) and maybe a Caddy. Toyota has that. same approach, but starts you with a Corolla,
Apple can take that same path with lower costs iPhones like the SE and base level Macs. The difference between the Apple approach and the auto approach would be how easily upgrading Apples would be compared to cars.
The average annual income in India is pegged at $1790. No doubt raising the price of the iPhone will lead to greater market share there. Maybe Indians can find a way to give up both kidneys.
You forget Apple isn’t targeting ave. Indians with $1800 yearly income. They are targeting Tier 1 city folks & people in the upper middle class. For these people Apple should inprove the services of hardware with Apple Stores & services.Numbers don’t matter much to Apple. Even though their market share is less their profits & revenue in India has increased.
The middle class in India is smaller than you think. It’s also poorer than the middle class in China, which is poorer than in the US. Phone sales have been contracting in India for several years. When you have very sales, which is the case for Apple, you have no profit either. It’s costing Apple a grr]eat deal to set up in India with no real payback so far.
numbers do matter to Apple, and I’m tired of people saying otherwise.
You are wrong. I said upper middle class & Tier 1 city folks.In the economic times article it clearly states that Apple’s profits & revenue are increasing in India. Plus the investments Foxconn is putting in India is for making it an export hub, with 80%-90% production capacity going to foreign iPhone markets.Domestic markets aren’t big in India. Plus Apple won’t lower its standard for India. And that’s excellent.
I’d like to see that article, or a quote from it, since I no longer subscribe. Something recent, that is.
The Economic times article linked in the AI article says Apple’s India revenue & profits are up. Their marketshare has decreased from 2.6% to 1.3% but profits are up.
for some reason, I can’t seem to properly comment on the last post. When I try, the cursor ends up within his post.
so, I’m commenting to it here.
pretty simple. Apple has almost no sales in India. Is the absolutely tiny profit they may make, which is just a guess, because Apple isn’t reporting it, worth the almost nonexistent sales generated? The answer is a resounding NO!
stop talking about profits. Profits aren’t everything.
Comments
https://www.indiatoday.in/technology/features/story/apple-iphone-sale-down-big-time-in-2019-data-shows-it-is-probably-too-expensive-for-indian-consumers-1561824-2019-07-04
The SE also opens the door to a traditional marketing program of upgrades used by the auto industry for generations. GM would start you with a Chevy, move you to a Pontiac, then an Olds (or Buick) and maybe a Caddy. Toyota has that. same approach, but starts you with a Corolla,
Apple can take that same path with lower costs iPhones like the SE and base level Macs. The difference between the Apple approach and the auto approach would be how easily upgrading Apples would be compared to cars.
so, I’m commenting to it here.
pretty simple. Apple has almost no sales in India. Is the absolutely tiny profit they may make, which is just a guess, because Apple isn’t reporting it, worth the almost nonexistent sales generated? The answer is a resounding NO!
stop talking about profits. Profits aren’t everything.