Sunday February 18, 2018
Home Business Decline of sa...

Decline of sales in China, Apple turns to India

0
//
63
Republish
Reprint

New Delhi: The Indian market has surprisingly proven an asset for Apple, whereas according to reports, China has made a great fall in the company’s growth. Apple Chief Financial Officer Luca Maestri exclaimed that year-ago sales of the company’s flagship smartphone climbed 76% in the country.

Interestingly according to the surveys, the median age of people in India is just 27, Apple CEO Tim Cook foresees a great growth for the company in this domain.

“I see the demographics there also being incredibly great for a consumer brand, and for people that really want the best product,” Cook said. “We have been putting increasingly more energy in India,”

The growth of the company in India proves to be a promising prospect, where on the other hand Apple faces hardships with the economic downside in China. China being the second largest market, still shows some spark of growth as in Greater China revenue rose 14% in the last quarter, particularly Hong Kong, Maestri told the agency in an interview.

India cannot immediately offset Apple’s woes in China, said analyst Neil Shah of Counterpoint Technology Market Research. The company averaged only about 450,000 smartphone shipments per quarter in India in 2015, compared with more than 15 million per quarter in China, Shah said.

By reports and as Shah said, the company’s smartphone market share stands at less than 2%, where around 70% smartphones sell for less than $150.

As the liking for 4G network coverage is growing in India, Apple frames investing more in India to be a turning point.

The young generation is already willing to spend heavily on the device. As of China, Apple products are considered a status symbol.

“The love for the iPhone is there,” said Carolina Milanesi, chief of research and head of US business at Kantar Worldpanel ComTech, a consumer research firm.

Apple’s next big task is targeting Indian market for their expansion, where its products are sold by third-party resellers. An Indian official told the agency that the company has filed an application with India’s Department of Industrial Policy and Promotion to open its own stores.(Inputs from agencies)

Click here for reuse options!
Copyright 2016 NewsGram

Next Story

RSS’ call to re-mould Indian Constitution

RSS chief Mohan Bhagwat says that the Army takes six to seven months to train its soldiers, the RSS can get its cadres ready for battle in two to three days

0
//
20
The Sangh Parivar, better known as the Rashtriya Swayam Sewak Sangh (RSS) celebrated the 125th anniversary of the song in 2002
The Sangh Parivar, better known as the Rashtriya Swayam Sewak Sangh (RSS) celebrated the 125th anniversary of the song in 2002. Wikimedia Commons
  • RSS (Rashtriya Swayamsevak Sangh) is a is an Indian right-wing
  • RSS chief Mohan Bhagwat expressed his views on Indian Army’s preparation in his speech to RSS workers in Muzaffarpur in Bihar
  • Kiren Rijiju said if the Constitution permits, RSS can go ahead with its interference in military matters.

The Rashtriya Swayamsevak Sangh wants to re-mould the Indian State with a military which adheres to Hindutva, the Communist Party of India-Marxist (CPI-M) has said.

This is the message that emerges from RSS chief Mohan Bhagwat’s speech to RSS workers in Muzaffarpur in Bihar that while the Army takes six to seven months to train its soldiers, the RSS can get its cadres ready for battle in two to three days, the CPI-M said.

“This remark has drawn widespread condemnation, with the main criticism being that the RSS chief had insulted the Indian army by claiming that the RSS can do a better job than the Army in training soldiers,” an editorial in the CPI-M journal “People’s Democracy,” said.

Also Read: Story 20 Amazing Facts About Indian Navy That Everyone Should Know

“While this criticism is valid, the intent of these remarks is much more serious,” it said. “The statement has revealed a vital aspect of the RSS outlook about the Army and the militarization of society.”

The editorial said: “What the RSS wants in the re-moulding of the Indian State is armed forces which adhere to Hindutva. For Bhagwat, the soldier in the Indian Army and the Swayamsevak of the RSS are on the same footing.

RSS support Hindus
RSS world’s largest organisation promote Hindutva.

“Under the present Indian Constitution, such an integration of the Army and the RSS is not possible.

Also Read: All you want to know about the ranks of Indian Army

That is why, both the RSS clarification and the defence put out by (Minister of State for home) Kiren Rijiju makes this qualification that if the Constitution permits, the RSS can go ahead with its interference in military matters.

“The implication is ominous: a re-worked Constitution should enable this to happen.”

Next Story