Apple India Revenue to Cross $9.5 Billion in 2024, iPhone Shipments to Rise 18-20%

Open to differing views

Liabilities and high interest loans rising, household savings falling. It's a very worrying statistic if people are borrowing money just to stay afloat.

This should help everyone understand the true picture of income brackets Indians fall in, where do viners belong?

As an avid follower of the tech industry, I can't help but marvel at Apple's unprecedented achievement in 2023. For the first time ever, Apple has managed to outsell every other smartphone manufacturer, including the long-reigning Samsung. This is no small feat, especially considering the renewed competition from Huawei and the overall soft spending sentiment in the market. Apple's climb to the top spot is nothing short of a tremendous success. But let's not forget the other players in the game. The 'other' category, which includes brands like Transsion and Xiaomi, grew by 19% year-over-year, stealing market share from almost all top vendors except Apple. This indicates a significant shift in consumer preferences towards premium devices, a trend that Apple has capitalized on with aggressive trade-in offers and interest-free financing plans. However, this victory is not without its controversies. While Apple enjoys its moment in the sun, it's worth noting that the overall smartphone market declined by 3.2% in 2023, hitting a decade low. This raises questions about the sustainability of Apple's growth in a shrinking market. Moreover, the intense competition within the Android space, with brands like OnePlus, Honor, and Google launching competitive devices, adds another layer of complexity to Apple's success story. So, is Apple's triumph a sign of its unparalleled innovation and market strategy, or is it merely a temporary win in a volatile market? Only time will tell, but one thing is clear: the battle for smartphone supremacy is far from over.

Have been an Android user and planning on moving completely to apple ecosystem - iphone, iWatch, air pods, magsafe charger, and a series of other apple accessories. I own a macbook already. The total cost comes to little over 2 lakhs. I am in India so the cost includes govt taxes. Is it worth it? Have any of you benefitted by being on Apple as compared to Android? Would love to hear your opinions.

- Apple Inc is set to commence production of its high-end iPhone 16 Pro and Pro Max models in India, a year after introducing India-made iPhone 15 models. - The production in India is expected to bring down costs for the smartphone manufacturer by 10 per cent, but retail prices may remain the same due to taxes and component costs. - This marks the first time premium iPhone 16 Pro and Pro Max devices will be assembled outside China, as part of Apple's attempt to reduce reliance on its traditional manufacturing hub amid geopolitical tensions. - Foxconn, one of Apple’s primary manufacturing partners, is gearing up to produce the iPhone 16 Pro and Pro Max at its facility in Tamil Nadu, with other partners like Pegatron and the Tata Group also involved. - Despite local assembly, the majority of the iPhone 16 Pro and Pro Max units produced in India will be exported to markets such as Europe, the West Asia, and the United States. Source: [Business Standard](https://www.business-standard.com/companies/news/foxconn-begins-iphone-16-pro-pro-max-production-in-india-costs-fall-10-124082100188_1.html)

Will buying an iPhone from the US really save money, then buying it from India?