Tim Cook meets with India's Prime Minister to discuss Apple's future in the country

Tim Cook meets with India's Prime Minister to discuss Apple's future in the country
Tim Cook met with India's Prime Minister Narendra Modi yesterday, and the Apple CEO outlined his plans for Apple's future in the country. India is poised to become the world's second largest smartphone market next year, topping the U.S. But with the average Indian making less than $3.10 USD a day, pricing is of the utmost importance. 70% of smartphones sold in the country last year were priced under $150. While Apple has only 2% market share in India, iPhone sales rose 56% in the country last quarter.

This was Cook's first visit to India and it coincided with the opening of an Apple development center in the country. A statement released by the government stated that Cook spoke to the Prime Minister about Apple eventually manufacturing and retailing in India. Earlier this month, one of the contract manufacturers that builds the iPhone, Foxconn, was said to be close to signing a deal to build a factory in the region.

In an effort to reach cash-constrained Indians, Apple recently filled an application to sell refurbished iPhones in India. While no official answer has been made, a telecommunications ministry official leaked the news that Apple's request was rejected. The Indian government has been promoting a program for consumers, telling them to buy domestically manufactured goods. And some officials have said that the country does not want used electronics to be shipped into the market.

Apple's top-selling handset in India is the Apple iPhone 5s. Priced at $300 in the country, the phone was responsible for 50% of Indian iPhone sales in the last quarter.


source: Bloomberg

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30 Comments

1. Subie

Posts: 2350; Member since: Aug 01, 2015

The last line says it all. Price does make a difference!

2. kiko007

Posts: 7493; Member since: Feb 17, 2016

Of course it does, for those who don't have disposable income that is ;).

7. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

"for those who don't have disposable income that is" A.k.a. those who don't have more cash than sense :)

8. kiko007

Posts: 7493; Member since: Feb 17, 2016

Welp... I think the same could be said for the idiots who pay 800 USD for an Android phone, doesn't mean I say it aloud.

10. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Price alone isn't the problem, it's what it offers to justify that price. Offering nothing overall besides branding compared to the cheaper priced competition, yeah, paying that price for such device is stupid without a doubt. Offering useful features you won't be able to gain on those cheaper competitor products, in conjunction with loads of gifts worth over $500 up front, paying that price is fine with me. Money ain't no problem, just gotta be justified by rational logic...

13. kiko007

Posts: 7493; Member since: Feb 17, 2016

Since when do you get to decide what "justifies" anything? Are you saying you are more rational than I am because of what brand of smartphone you buy? That's a pretty goddamn irrational assessment if I may say so. And insulting other people's intellect because they don't agree with your thought process is asinine. I don't want your "features" and I don't need those "gifts". I want a phone that gets updates on time, apps that aren't totally unoptimized, a phone that doesn't need a v8 engine to run properly, a stable UI, and a great camera. That's it, and many of those things I listed (except camera) aren't apart of what Android is currently.

20. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

"Since when do you get to decide what "justifies" anything?" Since I was a consumer that learned to think for himself... "Are you saying you are more rational than I am because of what brand of smartphone you buy?" Not at all, but if that's what you picked out of the post, you should consider improving on your English comprehension skills. "And insulting other people's intellect because they don't agree with your thought process is asinine." I agree, what's also asinine is judging someone's wealth based on the device they own. "I don't want your "features" and I don't need those "gifts". I want a phone that gets updates on time, apps that aren't totally unoptimized, a phone that doesn't need a v8 engine to run properly, a stable UI, and a great camera." The Nexus 6P checks all of the above boxes and isn't overpriced...besides, the versatile/complex/fragmented Android has proven to be more stable than the basic iOS multiple times, so, you're not giving up any stability for sure: http://www.dereferer.org/?http%3A%2F%2Fbit%2Ely%2F1G1NSko http://www.dereferer.org/?http%3A%2F%2Fbit%2Ely%2F1Gtfq6n

22. kiko007

Posts: 7493; Member since: Feb 17, 2016

" Since I was a consumer that learned to think for himself." Because I don't know how to do that right? I make 400k a year, been credited with several different awards for my ingenuity in the field, and have tried multiple operating systems in both the mobile and PC space, but I apparently pack self-awarness in the eyes of Android lovers. Haha haha....oh god.... thank you for that.

24. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Hockey players make that on a monthly basis and are chaired for by many in the crowd, does that tell you anything about their intelligence? Thought so too...

25. kiko007

Posts: 7493; Member since: Feb 17, 2016

Athlete, that's all it tells me and that's all it should. Only what, 1100 NHL players in the world? Bad comparison my friend. And who knows, there could be quite a few scholarly individuals amongst the riff-raff, you never know. The point being, don't insult the intellect of others due to them having different needs/wants than you. It makes the entire Android community look bad when people do so.

28. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Don't judge someone's wealth based on the device they own, it makes the entire apple user-base look like a bunch of arrogant and narcissistic hypocrites when people do so.

15. ibend

Posts: 6747; Member since: Sep 30, 2014

you get wayyyyy much more on $800 android, than $800 iPhone

17. kiko007

Posts: 7493; Member since: Feb 17, 2016

You're right you do get more. More headaches every month it goes without an update. More nausea when you try to sell them to get a new phone because they depreciate so quickly. More stress when an apps struggles to load because of the lack of optimization. More disappointment when you find your favorite game missing because (AfterPulse) the developer thinks people would just steal it instead of paying $3 like none poor people would. Should I continue?

19. submar

Posts: 713; Member since: Sep 19, 2014

We don't need an update that introduces bugs and makes you headaches.

11. sgodsell

Posts: 7195; Member since: Mar 16, 2013

When I see the iPhone 5s accounts for over 50% of their sales. Not to mention they went from 1% to 2% of Indian market. The have a long way to go to get to over 90% of Androids market share, which has a vast selection in devices and pricing. Plus the 3 Indian smartphone OEMs. Apple will never get a big share in India. That's a guarantee. The only way that Apple can do it is to sell their devices real cheap. If Apple does that, then everyone would know how overpriced their stuff truly is.

12. kiko007

Posts: 7493; Member since: Feb 17, 2016

"If Apple does that, then everyone would know how overpriced their stuff is." This my friend, is called rhetoric, and your post overflows with it. Do you honestly think the world is looking to India, where ppl make 3 dollars a day, as the source for technological pricing? Hell no! Apple sells older products through third party vendors there, and still command the majority of mobile profit made. "Apple will never get big share in India. That's a guarantee." Wow, didn't know we had a time traveler amongst us. Can you tell me how my grand kids turn out? I'm just dying to know. "They have a long way to go to overtake Android market share" Yeah b/c Apple really needs to make cheapass $100 dollar phones to be successful./s Apple already commands the majority of smartphone profits in India, not to mention the entire mobile space. As many Android vendors as there are, only one makes any profit at all. Apple takes 90% of the profit in the space, they hardly need India to stay relevant lol.

18. submar

Posts: 713; Member since: Sep 19, 2014

"Apple sells older products through third party vendors there, and still command the majority of mobile profit made." Because overpriced!!

31. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

For this case, the winner is India. They ask from Apple a s**t load of things before allowing Apple to do business there. While U.S economy get another finger up their ass. kiko007, you can brag about your 400k salary but its say nothing about your intelligence.

3. SIGPRO

Posts: 2815; Member since: Oct 03, 2012

Apple sucks!

5. 444777

Posts: 399; Member since: May 02, 2016

Flush it down the toilet......?

4. Ezio2710

Posts: 548; Member since: Aug 22, 2015

Tim cook tried all possible way to sell refurbished iphones

6. 444777

Posts: 399; Member since: May 02, 2016

Apple really so desperate that when they go to public room , Tim crock will start to beg and worship him. Even bribe him to sell thier lock down kinda crappy iphone. Even the Indian public acknowledge and state the iphone is just a phone to show off. Nothing else, nothing more.

9. Ezio2710

Posts: 548; Member since: Aug 22, 2015

Most of the people mind voice be like 'wow,this guy using iphone' ( it doesn't matter whether it is 4,5,5s)

16. ibend

Posts: 6747; Member since: Sep 30, 2014

cause of low education level? no?

21. Omprakash499

Posts: 2; Member since: May 22, 2016

low level of education are kidding me...

23. aman5mathur

Posts: 241; Member since: Mar 28, 2014

You do realize what you're trying to say, do you? Low educational level? Are you nuts? Kerela just achieved 100% literacy rate, (now even the monkeys there read newspapers) and all the other states are not too behined as well Moreover the high scool pass percentage (class12) went 99% this year And dont forget nearly 25% of the whole working employees of tech giants like Facebook, Google and Microsoft comprise of Indian employees Yes, the economy may be behined the US but the real reason apple cant flourish here is because people try to find worth for their money and not just for a status symbol And imo this meeting shouldn't make much difference for Apple unless they really get down on cutting their prices

27. ibend

Posts: 6747; Member since: Sep 30, 2014

I guess u dont get it, oh well.. so comment #9 is wrong? then comment #16 is also wrong (thats why I put "no?" thats kinds of sarcasm) and #9 just wont happen around logical and educated society, and thats how comment #16 were born

30. Ezio2710

Posts: 548; Member since: Aug 22, 2015

I just posted it because if one person using iphone among the group he feels like big d***( but others dont know how hard he tried to get an iphone )

29. notoffended

Posts: 16; Member since: Apr 24, 2013

The level of education for US or EU is Speaking english.. The question is whether they can Write what they Speak.. They can never understand what Cultural countries like India possess.. Do they even know the meaning of Varieties ??

26. ibend

Posts: 6747; Member since: Sep 30, 2014

$3.10 USD a day.. while average wage for college part-timer in my country is $4-$5/hour, and maybe only 1% use iPhone.. we all know that iPhone have nothing to do with salary, so u dont need to include that $3.10 USD on that article :-/

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