Re: The Smartphone
Latest Data in from Apple;says they sold about 74 million iphones in the last Quarter.Of those 17 million(not an insignificant number by any means) where sold in China.India accounted for another 6 odd million.
By no means are these numbers small or insignificant today.America remains(by far) the Biggest market for the iPhone but even here as Carriers move aggressively to drop Carrier Subsidies(AT&Ts website lists an iPhone 6 for over $800 today without any Plans);Consumers even in America are starting to realize enormous savings by not buying a phone with a so-called Carrier Subsidy.
The Writing is very much on the Wall for Apple.Which is why they came out with the cut-price(By Apple's overvalued pricey standards) iphone 5se.But its a risk and a market fraught which sharply declining margins & Hyper-Competition.I for one won't be surprised if Apple flops and flops bigtime pursuing this strategy,
You will be surprised by how much Smartphone manufacturers discount the latest specs when they are desperately hunting for market-share(Apple cut prices of their iphone6 series by 30%-40% in India,Samsung has been doing the same for last 2 years or so).
That's when the real price of smartphones comes into the picture.
Trust me,folks in Emerging Markets save when they want anything (for a few months/a year or so);In addition the same Easy Payment Plans so common in the US (with 0% Down)are also entering these markets today,