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The investors aren't interested in Apple selling more phones each year than previous. The investors are interested in people using the iPhone as a yearly or bi

The investors aren't interested in Apple selling more phones each year than previous. The investors are interested in people using the iPhone as a yearly or bi yearly upgrade cycle product in their life and giving Apple money without much bother and accepting it as a part of culture, especially American. I wouldn't have thought India, a country that is so price sensitive, would be a place you find so many iPhones. But Indians love what America does and follow them blindly. The iPhone might not be the next big thing, but for most invested in the cloud and app ecosystem, the choice they have to make is whether you upgrade this year or next. It's like Visa or Mastercard. You can cry all you want about high transaction fees. America is still going to keep using it and give them money. Investors are loving this trend. Starbucks, Visa, Mastercard, Nike, American Express, Bank of America, Coca Cola and what not. Investors love companies that become part of the culture and despite their horrifying practices, people seem to still go back to them.

pimterry 3y ago
> I wouldn't have thought India, a country that is so price sensitive, would be a place you find so many iPhones. But Indians love what America does and follow them blindly. This is extremely wrong. https://gs.statcounter.com/os-market-share/mobile/india https://gs.statcounter.com/os-market-share/mobile/india suggests Android has 95%+ market share in India (and largely unchanged for years). https://www.statista.com/chart/22702/andoid-ios-market-share-selected-countries/ https://www.statista.com/chart/22702/andoid-ios-market-share... lists India as one of the least iPhone-using countries in the world. iPhone's are more than 3x more popular across Africa, South America and the rest of Asia than they are in India (https://gs.statcounter.com/os-market-share/mobile/africa https://gs.statcounter.com/os-market-share/mobile/africa, https://gs.statcounter.com/os-market-share/mobile/south-america https://gs.statcounter.com/os-market-share/mobile/south-amer..., https://gs.statcounter.com/os-market-share/mobile/asia https://gs.statcounter.com/os-market-share/mobile/asia).
- abhinavk 3y ago
  Our population is too large to even 5% be enough of a market segment. 5% is still a hell lot of phones. In Tier-1 cities and urban centers, you would see iPhones everywhere in offices and restaurants. Nobody cares about blue messages here but the phone itself is definitely a status symbol here. On the other hand, Indian government loves doing what EU does. After USB-C and moving towards AI Safety laws, we expect a DMA-like law soon.
- bustling-noose 3y ago
  I said 'find so many iPhones' I didn't say they were leading. Apple sells millions of units in India and with a 5% market share in a country where average annual household income is about 5 iPhones you must realise that this is a very significant and important share. I see a lot of resell market customers preferring iPhone 7 and 8 at around 100$ over similarly priced Android phones. the top 5% income households generally buy new iPhones and that trickles down to the masses after 3-5 years in the resell market. Thats how it works here as a lot of labour population seems to also have some old iPhone.

pimterry 3y ago

> I wouldn't have thought India, a country that is so price sensitive, would be a place you find so many iPhones. But Indians love what America does and follow them blindly. This is extremely wrong. https://gs.statcounter.com/os-market-share/mobile/india https://gs.statcounter.com/os-market-share/mobile/india suggests Android has 95%+ market share in India (and largely unchanged for years). https://www.statista.com/chart/22702/andoid-ios-market-share-selected-countries/ https://www.statista.com/chart/22702/andoid-ios-market-share... lists India as one of the least iPhone-using countries in the world. iPhone's are more than 3x more popular across Africa, South America and the rest of Asia than they are in India (https://gs.statcounter.com/os-market-share/mobile/africa https://gs.statcounter.com/os-market-share/mobile/africa, https://gs.statcounter.com/os-market-share/mobile/south-america https://gs.statcounter.com/os-market-share/mobile/south-amer..., https://gs.statcounter.com/os-market-share/mobile/asia https://gs.statcounter.com/os-market-share/mobile/asia).

abhinavk 3y ago
Our population is too large to even 5% be enough of a market segment. 5% is still a hell lot of phones. In Tier-1 cities and urban centers, you would see iPhones everywhere in offices and restaurants. Nobody cares about blue messages here but the phone itself is definitely a status symbol here. On the other hand, Indian government loves doing what EU does. After USB-C and moving towards AI Safety laws, we expect a DMA-like law soon.
bustling-noose 3y ago
I said 'find so many iPhones' I didn't say they were leading. Apple sells millions of units in India and with a 5% market share in a country where average annual household income is about 5 iPhones you must realise that this is a very significant and important share. I see a lot of resell market customers preferring iPhone 7 and 8 at around 100$ over similarly priced Android phones. the top 5% income households generally buy new iPhones and that trickles down to the masses after 3-5 years in the resell market. Thats how it works here as a lot of labour population seems to also have some old iPhone.