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> I don't see that same characteristic in Indian culture; of course there is a market for luxury goods but it's not the same. Can it be just because of the di
by actuator 6y ago
> I don't see that same characteristic in Indian culture; of course there is a market for luxury goods but it's not the same.
Can it be just because of the difference in disposable income in the countries? I don't know any reliable metric for income but the GDP per capita of PRC is five times that of India. The quench for luxurious goods comes with rising income.
- return1 6y agoTrue but apple sells luxury , or premium products. They don’t seem to care for poorer countries
- whimsicalism 6y agoYes, but China only became rich enough that lots of wealthy young Chinese could be buying iPhones recently. I do not think it would be unreasonable to make the same bet on India being a decade or two behind.
- return1 6y agoIts not automatic. China took decades of policy and benefited from periods of global growth. India has different politics
- whimsicalism 6y ago" benefited from periods of global growth" -> China had incredible post-2008 growth, that is a large part of why there are so many people buying iPhones. > India has different politics What do you mean? It's more inequitable than China and has more political capture by private actors, but I don't see why the same couldn't occur in India.
- actuator 6y agoWhile it might have been true at one time, this is not true anymore. A lot of their products are at price points that are not luxury.