Apple’s India Sales Surge 33% in Shift From China

• 00:00A lot of buoyancy around this name today on Iraq.
  And what do you make of the Indian sails?
  Yeah, you know, Caroline, I’m in your camp.
  I think the sails push from India and China are far more important than my
  view in the, you know, both in the short run, in the longer run than than I.
  But, you know, but very, very happy to see that India is a very big market for
  Apple. I mean, the end market is over 600
  million smartphones. And Apple has, you know, less than 5%
  market share. So over the long term, I think India is
  going to be a very exciting story for Apple.
  But it’s going to take some time because currently China is eight times bigger
  than than India in terms of units, smartphones or iPhones.
  So China still is the main story at this point over the next 2 to 3 years.
  But I think India is very exciting for the long term future of Apple.
  So it might be like early days. But one interesting point of the
  reporting from Bloomberg was that of that $8 billion figure, more than half
  was iPhone sales rather than other devices or services.
  How do you have to play the Indian market differently, like in terms of
  ASPs or your patience for a growing or emerging middle class?
  Yes. So, you know, Apple can truly gain a lot
  of market share in India by, you know, let’s say, lessening the price of their
  lower end model. But they don’t really, you know, play
  that game. They are all about, you know, the
  margins and then, you know, they don’t play the market shell game.
  So we don’t see them launching a cheaper phone or anything.
  I think the Indian market is going to be a gradual I mean, gradually and I say
  when I compare it to China, China is apple market share in the Chinese market
  is 20%, and in India, it’s less than five.
  So over time, as the Indian consumer becomes more affluent, when when
  purchasing power becomes, you know better than what it is right now, we
  think Apple is one area where they gravitate to because of the luxury
  nature of the product, because of the the brand that’s associated with the
  quality, it’s associated with an and then the prestige.

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