India says it won't give in to any more demands from Apple

India says it won't give in to any more demands from Apple
For its fiscal fourth quarter ended in September, Apple reported that sales in China declined by 30% on a sequential basis. But Apple had already seen the writing on the wall, and was hoping to sell the iPhone, iPad and Apple Watch in another region where smartphone sales are hot. That would be India, the second fastest growing market for smartphone sales in the world.

The Indian government had given Apple and other tech companies some concessions last year. The country relaxed a regulation that required foreign tech companies to locally source 30% of products sold in a single brand store, such as in an Indian based Apple Store. The Indian government won't relax that regulation specifically for Apple any further since it will look like the government is bending to the desires and will of just one company. Apple has reportedly written to the Industry Ministry asking for lower import and excise duties, and these requests are also likely to be shot down by the Indian government.

Apple currently has a 2% share of the smartphone market in India. While the country is the second fastest growing market in the world for intelligent handsets, poor economic growth means that the average Indian makes just $3.10 USD a day. 70% of the smartphones sold in India in 2015 were priced at $150 or less. Add to that the typical pricing for the iPhone, and it is no surprise that the top selling model in the country is the Apple iPhone 5s, priced at $300.

According to former Piper Jaffray analyst Gene Munster, Apple can add 62 million additional iOS users in India if it were to bring Apple's level of recognition in the country to the same level it has in China. To do that, Apple will need to open multiple units of Apple Stores in the region. This would require that Apple obtain further concessions from the Indian government. And that, as we pointed out already, is not likely to happen.

source: Bloomberg                      

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33 Comments

1. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Lol, so the Indians do have a backbone. Good on them for pushing back against bullies.

3. bhanushali_p

Posts: 20; Member since: Apr 05, 2012

That backbone is now influencing the entire world fella. The figures that you see here is just a part of working economy as shadow economy is way larger than even your brain could imagine in your entire life.... P.S- Go get some...

4. kiko007

Posts: 7493; Member since: Feb 17, 2016

Great......another Klinton "shadow economy" nutjob. Just what this site needed....more paranoid asshats.

6. lyndon420

Posts: 6788; Member since: Jul 11, 2012

And he's been here longer than you lol.

15. ibend

Posts: 6747; Member since: Sep 30, 2014

longer than most of us actually, lol... (and only 11comments for almost 5 years here? :D )

28. ShadowHammer

Posts: 204; Member since: Mar 13, 2015

Cause he's waiting in the shadows, ready to pounce. ;)

32. bhanushali_p

Posts: 20; Member since: Apr 05, 2012

As there are less people who actually talk facts. Others just come here just to express there butt-hurts!

31. bhanushali_p

Posts: 20; Member since: Apr 05, 2012

Now I know why you are frustrated. But nonetheless, India is and will grow to be the largest market of the world and this can be an evident of how Apple is pleading to us for the norms to be changed to enter the production... LOL APPLE's actually :D

18. rd_nest

Posts: 1656; Member since: Jun 06, 2010

With all sincerity I wish to inform you that you're an idiot.

33. llk171

Posts: 95; Member since: Mar 31, 2013

yeah ok. Only Indians think this. Out of all our divisions, the dumbest of them all, come from that caste loving country. We always joke that you just have to tell them and all will be good. As In, just tell them not to pee on electrical wires.

5. lyndon420

Posts: 6788; Member since: Jul 11, 2012

It's nice to read stories about countries that won't bend to foreign entities...makes me feel even more embarrassed to say I'm a Canadian lol.

19. phonearenarocks

Posts: 606; Member since: Mar 26, 2015

They have 5 fold profit margins and they still need concessions, my foot. Can't they reduce their margins? Great Face palm by the Indian government, kudos to citizens there. Wish more countries do that. I say, here in the USA, they should impose more taxes and duties for getting the iPhone manufactured and assembled in China.

20. trojan_horse

Posts: 5868; Member since: May 06, 2016

"I say, here in the USA, they should impose more taxes and duties for getting the iPhone manufactured and assembled in China." Trump is planning to do just that.

24. tedkord

Posts: 17356; Member since: Jun 17, 2009

Very little chance of that happening.

27. phonearenarocks

Posts: 606; Member since: Mar 26, 2015

Yeah, heard about that. I'm not in USA right now, since sometime now, didn't even vote due to which I was not so abreast with the things happening on this.

2. NarutoKage14

Posts: 1324; Member since: Aug 31, 2016

It's not hard to say no to Apple, just say NO! Apple always demands special treatment from everyone they do business with.

7. techperson211

Posts: 1280; Member since: Feb 27, 2014

Kudos to the government of India.

8. ctdog4748

Posts: 797; Member since: Mar 05, 2016

Meanwhile Samsung has and is releasing dangerous products and not one Sammy Sheep is even cognizant that Samsung hasn't even apologized for any of it.

9. Scott93274

Posts: 6033; Member since: Aug 06, 2013

Yes, they have, and it's old news dude. Time to come out from under that rock of yours. https://www.cnet.com/news/samsung-writes-open-letter-of-apology-to-galaxy-note-7-customers/ And yet Apple always blames the users for hardware defects, but you seem OK with that.

11. ctdog4748

Posts: 797; Member since: Mar 05, 2016

That idiotic letter and the bowing were just ruses to placate stupid people, and apparently it worked very well. In EVERY Asian culture, there is but one sign of true remorse to show genuine sorrow for doing wrong, and not one high ranking person at Samsung has committed the act. At least one high ranking person must sacrifice themselves for Samsung to show genuine contrition.

13. kiko007

Posts: 7493; Member since: Feb 17, 2016

Can I ask what that act entails? "At least one high ranking person must sacrifice themselves for Samsung to show genuine contrition." Nevermind. Oh lawd........seppuku! This situation isn't THAT serious.....right? I don't want to see people die over screwing up phones. Hell, I don't want to see people die over anything (aside from being a general piece of s**t to society).

25. tedkord

Posts: 17356; Member since: Jun 17, 2009

Forget it. You can hear the hatred seething through that post.

16. Scott93274

Posts: 6033; Member since: Aug 06, 2013

OMG, your stupidity has no limits.

21. trojan_horse

Posts: 5868; Member since: May 06, 2016

He says one top Samsung executive sacrifice (kill) himself for Samsung to show genuine contrition, meanwhile the Note7 fiasco did not cost anyone's life in the first place. ctdog4748 is a pathetic troll.

30. domfonusr

Posts: 1084; Member since: Jan 17, 2014

I'm sure he'll say that Steve Jobs' passing paid above and beyond for any and all Apple snafu's, including all antenna-gate and bend-gate iPhones and all battery fires in iPhones (which were at least five to ten times as numerous as Note 7's, depending on which reports you look up). If Apple had to give up "the man", then Samsung's got to do a total blood-atonement from, like, at least half of their board of directors to compensate...

22. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

"At least one high ranking person must sacrifice themselves for Samsung" No limits indeed.

23. tedkord

Posts: 17356; Member since: Jun 17, 2009

Tarding harder than ever.

10. sissy246

Posts: 7111; Member since: Mar 04, 2015

And so is apple, since some of them have caught fire. Its been three and a half, four months or more now since it was pulled from market, get over it.

17. TheOracle1

Posts: 2259; Member since: May 04, 2015

Is there something wrong with you? I'm being serious.

* Some comments have been hidden, because they don't meet the discussions rules.

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