financetom
Business
financetom
/
Business
/
Apple can make 2020 its strongest year in India
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Apple can make 2020 its strongest year in India
Jan 5, 2020 1:38 AM

The year 2019 saw a complete turnaround in Apple's market share and presence in India, fuelled by attractive price drops on previous-generation iPhone models (iPhone XR), affordable newer flagship premium models (iPhone 11) and attractive schemes on other products.

Not only older and new-generation models but also Apple Watches, AirPods Pro and Mac desktops witnessed a great adoption in the country.

Going forward, thrust on manufacturing high-end iPhones locally along with the first-ever flagship retail store would give Apple a booster in the price-sensitive smartphone market in 2020, say industry experts.

"Apple recovered in the Indian market in 2019 after a sharp decline in 2018. 2020 is going to be important, as this is the year when Apple has strongest-ever portfolio -- iPhone XR, iPhone 11 and iPhone 8 -- that will be very much relevant for the growing Indian market. There is also a lot of speculation about iPhone SE2 coming this year," Tarun Pathak, Associate Director at Counterpoint Research, told IANS.

To recall, Apple supplier Wistron assembled low-end iPhone SE (now discontinued) and is now assembling iPhone 6S and iPhone 7 at its Bengaluru facility. The highest-selling iPhone XR is now being manufactured at Apple supplier Foxconn's facility in Sriperumbudur, Chennai.

Media reports say that the Cupertino-based tech giant may launch two iPhone SE 2 models with 5.5-inch and 6.1-inch displays. Famed Apple analyst Ming-Chi Kuo also suggests that there could be a second iPhone SE2 model -- dubbed as iPhone SE2 Plus -- but only in the first half of 2021.

Another Eureka moment for Apple would be a flagship branded store in India.

First Published:Jan 5, 2020 10:38 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Euro Manganese in Offtake Agreement With Wildcat Discovery Technologies
Euro Manganese in Offtake Agreement With Wildcat Discovery Technologies
Aug 19, 2024
09:47 AM EDT, 08/19/2024 (MT Newswires) -- Euro Manganese ( EMNAF ) on Monday said it inked an offtake agreement with Wildcat Discovery Technologies for the sale of high-purity manganese product from Euro's Chvaletice Manganese Project in the Czech Republic. San Diego-based Wildcat partners with companies in the battery industry to help them achieve optimal performance, and is exclusively focused...
Hyliion, Jardine Engineering Sign Memorandum of Understanding to Explore Use of Karno Generator in Asia
Hyliion, Jardine Engineering Sign Memorandum of Understanding to Explore Use of Karno Generator in Asia
Aug 19, 2024
09:49 AM EDT, 08/19/2024 (MT Newswires) -- Hyliion ( HYLN ) said Monday it has signed a non-binding memorandum of understanding with Jardine Engineering to jointly explore the potential of Hyliion's ( HYLN ) Karno generator in Asia. The companies will collaborate on business opportunities in Hong Kong, Macau, and other markets where Jardine Engineering operates, Hyliion ( HYLN )...
Avidity Biosciences Raises $345.1 Million From Upsized Public Offering
Avidity Biosciences Raises $345.1 Million From Upsized Public Offering
Aug 19, 2024
09:50 AM EDT, 08/19/2024 (MT Newswires) -- Avidity Biosciences ( RNA ) said Monday it raised $345.1 million in gross proceeds from an upsized public offering of about 8.4 million shares at $41 per share. The offering includes the sale of 1.1 million additional shares under the underwriters' option, the company said. Avidity said it plans to use the net...
--Street Color: Walt Disney Appoints Almin Karamehmedovic President of ABC News, Variety Says
--Street Color: Walt Disney Appoints Almin Karamehmedovic President of ABC News, Variety Says
Aug 19, 2024
09:50 AM EDT, 08/19/2024 (MT Newswires) -- Price: 90.60, Change: +1.30, Percent Change: +1.46 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved