71–80 of 107 posts
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You are forgetting India is a land of 1.3 billion people. There are at least 50 - 100 million people who are willing to spend more than 500$ on a phone. That's a big enough market for Apple to consider.
No. The sale of 500$+ phones in only in a few million.
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Sweden is still in the EU, it has higher VAT than (say) Germany as well. Also iphone x is ~865 on amazon.de[0]. You can order with within the EU (see the 1st sense again), the delivery would be around ~10€, but the price is to be a bit higher due to VAT diff. Side benefit of amazon is that you will never need to deal with apple repair services as you can send the goods back to amazon. US price has no sale tax (which…
Note that within the EU, as soon as you sell over a certain limit to a member country you have to charge VAT in the destination country. So large retailers will list prices with their respective VAT included and then re-calculate prices when you get to the payment stage (when they know which country you order from).
>>but the price is to be a bit higher due to VAT diff.
Sweden has 25% which is pretty high, compared to the 19% Germany.
This is so against globalisation and global trade it‘s not even funny. Totally cool if Apple did this voluntarily, but the only reason they‘re doing it is to prevent high import taxes. India is a huge market. So it‘s all good. Brazil is a good deal smaller and requires the same thing. So does Argentina (and is even smaller). Now imagine every country would do this.
At least in the context of the last few generations, this is not an unusual avenue to globalization. It's pretty much the template followed by auto manufacturing as it globalised, for example.
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It’s not “just” that, it’s actially the desired result of the protectionist policy, which appears to have been effective.
How dare a country enforce policies that benefit the domestic economy.
Man, finally this came along. Apple had been negotiating for almost 3 years to setup manufacturing in India. Foxconn got a start in the outskirts of Bangalore where they manufacture iPhone SEs. I as a customer am super glad this is coming along. Tired of paying a premium for Apple products in India. In addition to iPhones I seriously hope they start iPad manufacturing as well. IMHO iPads will probably have a better s…
The glory days of iPhones are over.Its gonna be 10k less than the existing one and it's still for top 1 or 2 %
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How dare a country enforce policies that benefit the domestic economy.
Assuming a benefit is a fallacy. It’s a benefit only which analyzed through a superficial lens.
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India has a really high import tax on electronic items. Even if Apple charges a slight premium over its US prices, it's still going to be significantly cheaper than what it currently is. For example: a 64 GB iPhone X is currently selling for around 1100 dollars.
Or they keep them the same price and make even more impressive margins. There's a reason they have 87% of the world smartphone profit share [1] and it's not because they're giving them away or passing on the cost savings to their customers. Import duty on iPhones is 18% and 28% on iPads as of 2015. [2] Wealth inequality in India is pretty high (not as high as in the US, though, GINI 35.6 vs 40.4), and it's GDP per ca…
Earlier quoted context omitted.
You are forgetting India is a land of 1.3 billion people. There are at least 50 - 100 million people who are willing to spend more than 500$ on a phone. That's a big enough market for Apple to consider.
No. The sale of 500$+ phones in only in a few million.
Its not about market size today, you have to look into the future as well.