Is Indian Apple Store Hype Justified?

[SoulSpokesman]

@protean @Bilal9

Dont know how reliable this source is but here it is:

Counterpoint

www.counterpointresearch.com

• Bangladesh’s smartphone shipments declined 23% YoY in 2022 due to high inflation.
• Deteriorating consumer demand and price hikes due to additional taxes also contributed to the decline.
• Xiaomi became the No. 1 smartphone brand in Bangladesh for the first time in 2022, up from No. 6 in 2021.
• Xiaomi captured an 18% market share in 2022 followed by Samsung with 13%.
• Over 1 million 5G smartphones were shipped for the first time, with the 5G smartphone share rising to 17%. (Implies smartphone market is 6 million- my note)
• Symphony led the overall handset market (including feature phones) in 2022 followed by itel.

Regards

 

[protean]

All I wanted to do is inject some sense in Bhakt brains. Shoot me for talking practical sense.

India will need a million jobs making toasters and electric irons (and exporting them) before it dreams of making semi-conductors or iPhones.

Slum kids don't understand how to put together smartphones - and to train them to that level is tough, but toasters are a piece of cake.

Bottom-up development is where it's at.....look at China.

The Chinese made ten billion toasters before they even started making cellphones.

Indians cannot leapfrog this pre-requisite. There are too many poor people in India.

For those who have never heard of Walton.

• Walton electronics BD makes 70% of their parts in house including fasteners and screws. This is how far their backward integration goes.
• As shown in the video above, all housings are CAD designed and injection molded in house.
• Walton used to import Korean electronics from Korean OEM like kyegang, daesung, seronics & sell under own brand . But some 20 years ago Walton built first mfg. plant in BD with help of Hyundai , Haier & some European companies.
• Walton still buys licences, designs & patents from Korean, EU & USA companies.
• For Refrigerator cabinet mfg., it uses Hennecke's mfg. tech. from Germany.
• Walton is one of the largest domestic refrigerator compressor mfrs. in Asia, within the top five and exports to other refrigerator OEMs in the EU.
• It recently bought Italian refrigerator brand Zanussi to market using that name in the EU
• Walton also assembles and markets high volume commercial and industrial HVAC units for local market.
• It is also one of the top three lift mfrs. in Bangladesh.
• SMD Pick and Place machines for all circuit boards are Japanese tech, as are wave soldering processes. just like the rest of Asia
• Torture and wear testing is an integral part of R&D and a root of quality.
• Hyundai India continues to import from their old partner of Bangladesh, as Walton uses Hyundai's design/tech to produce some of their items. This includes TVs and Washing Machines among other things.

They might be doing the 70% localisation because GOB imposes such exorbitant taxes on imports. Global firms just ignore lungi land because they don't want to conform to that shit land's policies given how small the market overall is. Why bother investing in Bangladesh when they can sell more in any one state in India? And we have lungi lords on PDF chest thumping about that Balton, even as their exports are less than $30 million. Somehow you dumb shits don't see absurdity in all of it and yet think you could lecture India whose electronic exports are growing by 50%. Just stick to chaddi stitching na, you lot are not regarded as intellectuals anywhere in the world.

Latest data released by the
Commerce department
estimated electronics exports to have shot up over 50% in 2022-23 to $23.6 billion.

 

[Bilal9]

@protean @Bilal9

Dont know how reliable this source is but here it is:

Counterpoint

www.counterpointresearch.com

• Bangladesh’s smartphone shipments declined 23% YoY in 2022 due to high inflation.
• Deteriorating consumer demand and price hikes due to additional taxes also contributed to the decline.
• Xiaomi became the No. 1 smartphone brand in Bangladesh for the first time in 2022, up from No. 6 in 2021.
• Xiaomi captured an 18% market share in 2022 followed by Samsung with 13%.
• Over 1 million 5G smartphones were shipped for the first time, with the 5G smartphone share rising to 17%. (Implies smartphone market is 6 million- my note)
• Symphony led the overall handset market (including feature phones) in 2022 followed by itel.

Regards

This Counterpoint Research outfit is quite suspect and Bangladesh cell industry people are rather amused by their reports.

No one in Bangladesh (much less cell industry people) was consulted in order to produce their report.

I don't know if they base their report on govt. data. And we all know how under-reported govt. data is in the subcontinent.

Where they pulled this report out of only they know.

If cellphone purchases declined globally then the same in Bangladesh would decline too.

But how these people extrapolated the data -remains to be seen.

 

[nahtanbob]

We don't need Apple to setup factories, we have our own investors.

 

[Cheepek]

They might be doing the 70% localisation

Man, how can you believe a bird-brain who claims the earth below him will get punctured if he drills for gas?

 

[CallSignMaverick]

@protean @Bilal9

Dont know how reliable this source is but here it is:

Counterpoint

www.counterpointresearch.com

• Bangladesh’s smartphone shipments declined 23% YoY in 2022 due to high inflation.
• Deteriorating consumer demand and price hikes due to additional taxes also contributed to the decline.
• Xiaomi became the No. 1 smartphone brand in Bangladesh for the first time in 2022, up from No. 6 in 2021.
• Xiaomi captured an 18% market share in 2022 followed by Samsung with 13%.
• Over 1 million 5G smartphones were shipped for the first time, with the 5G smartphone share rising to 17%. (Implies smartphone market is 6 million- my note)
• Symphony led the overall handset market (including feature phones) in 2022 followed by itel.

Regards

These guys in shonardesh don't even have 5G yet

 

[surmabhopali]

This Counterpoint Research outfit is quite suspect and Bangladesh cell industry people are rather amused by their reports.

No one in Bangladesh (much less cell industry people) was consulted in order to produce their report.

I don't know if they base their report on govt. data. And we all know how under-reported govt. data is in the subcontinent.

Where they pulled this report out of only they know.

If cellphone purchases declined globally then the same in Bangladesh would decline too.

But how these people extrapolated the data -remains to be seen.

Lol

 

[CallSignMaverick]

Still purchasing featurephones
Just look how rich they are

 

[surmabhopali]

These guys in shonardesh don't even have 5G yet

They dont have 5G because India is not happy country but bangladesh and pakistan are happy country , India is hungry country and they are not hungry , i mean they have better indexes they have madarsas so they dont need 5G .

 

[CallSignMaverick]

Bengaluru might get its 1st Apple store in next 5 years as well.

Four years, three stores, two cities: Apple's retail plans for India - Times of India

A report by Bloomberg suggests that there are three more stores in the next few years on Apple’s radar in India.

timesofindia.indiatimes.com

 

[K_Bin_W]

Lot of hype about #Apple store in #India but how long does an #Indian have to work to afford an #iPhone? Here’s a comparison. #Pakistan #AppleStore #Delhi #Mumbai

How Many Hours of Work Buys an iPhone 12 in India, Pakistan?

News, analysis and opinions about India, Pakistan, US, Canada, Europe, Mid East, South Asia, Silicon Valley, High Technology, Economy, Politics, World

www.riazhaq.com

It takes an Indian minimum wage worker twice as long to afford an Apple iPhone 12 as his Pakistani counterpart. A minimum wage Pakistani has to work 1,642 hours, or about 10 months of work, to buy an iPhone 12, according to Bloomberg News. An Indian minimum worker, on the other hand, must work nearly twice as long, a total of 3,254 hours, to buy it. It takes 1,791 hours in Indonesia and 2,045 hours in Egypt. Assuming a 40-hour work-week and two weeks of vacation, there are 2,000 hours of work in a year. Given these figures, it can be safely assumed that very few minimum wage workers in the developing world can afford to buy an iPhone 12.

​

Hours of Work Needed to Buy iPhone 12. Source: Bloomberg

Bloomberg reported the following on February 4 as follows: "Based on minimum wage levels, a new report from Grover.com estimates it would take 6,639 hours for a Venezuelan to earn enough for the prized smartphone and 3,254 hours for an Indian. Chinese people must work 680 hours to make enough money".

​

Minimum Wage in Selected Countries. Source: ILO via The Business Standard

International Labor Organization's Global Wage Report 2020-21 reported that the minimum wage in Pakistan is $491 a month in purchasing power parity, the highest in South Asia. India's minimum wage is $215 a month, less than half of Pakistan's.

India is one of the most unequal countries in the world, according to the World Inequality Report 2022. There is rising poverty and hunger. Nearly 230 million middle class Indians have slipped below the poverty line, constituting a 15 to 20% increase in poverty. India ranks 94th among 107 nations ranked by World Hunger Index in 2020. Other South Asians have fared better: Pakistan (88), Nepal (73), Bangladesh (75), Sri Lanka (64) and Myanmar (78) – and only Afghanistan has fared worse at 99th place. Meanwhile, the wealth of Indian billionaires jumped by 35% during the pandemic.

Neoliberal policies in emerging markets like India have spurred economic growth in last few decades. However, the gains from this rapid growth have been heavily skewed in favor of the rich. The rich have gotten richer while the poor have languished. The average per capita income in India has tripled in recent decades but the minimum dietary intake has fallen. According to the World Food Program, a quarter of the world's undernourished people live in India. The COVID19 pandemic has further widened the gap between the rich and poor.

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India itself is a huge hype

 

[CallSignMaverick]

India itself is a huge hype

Hypeworthy indeed

 

[surmabhopali]

India itself is a huge hype

Hype comes with 600 bn reserves and no IMF door knocking every week .

Bengaluru might get its 1st Apple store in next 5 years as well.

Four years, three stores, two cities: Apple's retail plans for India - Times of India

A report by Bloomberg suggests that there are three more stores in the next few years on Apple’s radar in India.

timesofindia.indiatimes.com

How can they open stores in India , when India is lower than pakistan and Bangladesh in happy index ? Since Pakistan and Bangladesh are happy they should get Apple store before it comes to India . Tim cook are you listening ?

 

[K_Bin_W]

Hype comes with 600 bn reserves and no IMF door knocking every week .

With tons of street shytter, beggers and BS that is second to non : )

 

[protean]

With tons of street shytter, beggers and BS that is second to non : )

Lol. But worry about Pakistan. You are simply not in the same league.