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The following is the In 2020, Apple will sell 3.2 million iPhones in India From Counterpoint Research recommended by recordtrend.com. And this article belongs to the classification: Counterpoint, iPhone, Intelligent mobile phone.
IPhone’s market share in India has been hovering in the low single digits for many years, but now there is hope that Apple fans and Apple Companies in India hope to fill more Indian market with smartphones. Apple will release its quarterly report after hours on Wednesday, and iPhone sales in India are expected to grow well.
In the past year, Apple sold 3.2 million iPhones in India, up from 1.7 million in 2018, according to counterpoint research.
With the help of the first Indian online store opened last year, iPhone sales jumped 60% between 2019 and 2020. The company said physical stores would follow up. Previously, Apple was unable to sell its products directly in India, but it was finally able to do so by opening its own production plant in India at the end of 2019. The move also allows apple to avoid high import costs in India, making the iPhone more affordable.
Still, price will be an obstacle to the iPhone’s success in India. More affordable Chinese brands such as Xiaomi, vivo and oppo are very popular in the country. Chinese high-end brands such as oneplus are also trying to attract potential buyers of iPhones in India, which is partly responsible for the decline in iPhone sales in 2018. As the iPhone becomes more and more expensive in general, barriers to entry into the Indian market will remain.
More reading: Counterpoint: the overall shipment of Q4 iPhone increased by 21% year on year in 2020 Indian media: the iPhone sales in India in 2014 were less than a fraction of China’s TNW: in Q2 of 2013, the iPhone sales in India surged by 400% year on year Research: Sales of old iPhone in India accounted for 55% in 2016 counterpoint: data show that iPhone dominates most big country markets Samsung’s share of the U.S. smartphone market reached 28.8% in March 2016 counterpoint: in September 2015, China’s smartphone sales accounted for 19% and apple ranked first 11 top of the list counterpoint: Q3 Apple’s profit in 2017 dropped sharply compared with the same period of last year counterpoint: Q3 iPhone’s shipment in China in 2016 dropped 27% compared with the same period of last year Credit Suisse: iPhone’s sales in India increased by 400%
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