India is the biggest market that Apple’s iPhone hasn’t fully cracked. In the first quarter, Apple only made about 3% of the smartphones sold in the country.
Still, it’s a huge market and investors think Apple could turn India into a nation of iPhone owners, at least among the country’s growing middle and upper classes, like it did with China over the past 10 years. But there are a lot of reasons why Apple might not be able to replicate its China story in India, Mizuho analysts wrote in a note distributed to clients on Monday… More at Business Insider.
Some figures stand out more than others, but 4 years of water and electric is huge. For me, 4 years of water and electric costs £10,600 which obviously makes the iPhone feel less expensive than it really is.