
English: 
Today we'll be talking about world's most valuable company that is Apple.
In it's home country United States, Apple is the most loved smartphone brand.
Approximately half of the smartphone sales in the US is that of iPhone.
In Europe, Apple is the third most loved smartphone brand.
And in China, which is the world's largest smartphone market
Apple is close to 10% of the total smartphone sales.
But how is Apple doing in India?
After China, India is the second largest smartphone market.
We are a budget friendly smartphone market.
People majorly buy smartphones between $147 to $240.
If I look at the complete smartphone market in India
then Apple accounts for only 1% percent of the total smartphone sales in India.
Apple faces a rough competition with OnePlus and Samsung in India.
So overall, Apple's dominance in India is very low!

English: 
Today we'll be talking about world's most valuable company that is Apple.
In it's home country United States, Apple is the most loved smartphone brand.
Approximately half of the smartphone sales in the US is that of iPhone.
In Europe, Apple is the third most loved smartphone brand.
And in China, which is the world's largest smartphone market
Apple is close to 10% of the total smartphone sales.
But how is Apple doing in India?
After China, India is the second largest smartphone market.
We are a budget friendly smartphone market.
People majorly buy smartphones between Rs 11,000 to Rs 18,000.
If I look at the complete smartphone market in India
then Apple accounts for only 1% percent of the total smartphone sales in India.
Apple faces a rough competition with OnePlus and Samsung in India.
So overall, Apple's dominance in India is very low!

English: 
However, from the start of 2020, Apple started manufacturing iPhone 11 in India.
And, iPhone 12 will also be manufactured in India
Plus Apple will be investing 100 Crore USD
or Rs 7,500 Crore in India to export made in India iPhones.
But the question arises, if Apple's demand in India is so low
and iPhone can also be manufactured in Vietnam, Indonesia and Thailand
then, why is Apple focusing on made in India iPhone.
I'll keep uploading business videos on new and different topics like Made in India iPhone
If you like watching my videos don't forget to subscribe my channel!
After US, China is considered to be Apple's second home country.
because China has a high appetite for premium smartphones!
Which means more number of people can buy a premium smartphone.
And since iPhone is manufactured in China, the prices are lower there.
However from the last one year, tensions between US and China relationship have risen.
This can also be said as the trade war, because of which Apple is losing ground in China.

English: 
However, from the start of 2020, Apple started manufacturing iPhone 11 in India.
And, iPhone 12 will also be manufactured in India
Plus Apple will be investing $1 billion
or 75 billion INR in India to export made in India iPhones.
But the question arises, if Apple's demand in India is so low
and iPhone can also be manufactured in Vietnam, Indonesia and Thailand
then, why is Apple focusing on made in India iPhone.
I'll keep uploading business videos on new and different topics like Made in India iPhone
If you like watching my videos don't forget to subscribe my channel!
After US, China is considered to be Apple's second home country.
because China has a high appetite for premium smartphones!
Which means more number of people can buy a premium smartphone.
And since iPhone is manufactured in China, the prices are lower there.
However from the last one year, tensions between US and China relationship have risen.
This can also be said as the trade war, because of which Apple is losing ground in China.

English: 
And US has also hiked the import tariffs because of which iPhones are getting costlier.
Thus, Apple is focusing on the world's fastest growing smartphone market, and that is India.
India is Asia's third largest economy after Japan and China, in which Apple is not doing so well.
An import duty of 22% has to be paid on all the imported iPhones in India
because of which iPhones are getting costlier.
So to avoid this import duty, Apple is pumping up iPhone manufacturing in India.
Now the Indian government will be providing production linked incentive on goods made locally.
Companies will now benefit from the 4%-6% incentive
Next, it is very difficult for foreign companies to crack Indian markets
due to FDI rules or Foreign Direct Investment rules
Till now Apple was selling its products via Amazon, Flipkart, PayTM mall
or via a reseller, who purchases products from Apple and then resells it to us.

English: 
And US has also hiked the import tariffs because of which iPhones are getting costlier.
Thus, Apple is focusing on the world's fastest growing smartphone market, and that is India.
India is Asia's third largest economy after Japan and China, in which Apple is not doing so well.
An import duty of 22% has to be paid on all the imported iPhones in India
because of which iPhones are getting costlier.
So to avoid this import duty, Apple is pumping up iPhone manufacturing in India.
Now the Indian government will be providing production linked incentive on goods made locally.
Companies will now benefit from the 4%-6% incentive
Next, it is very difficult for foreign companies to crack Indian markets
due to FDI rules or Foreign Direct Investment rules
Till now Apple was selling its products via Amazon, Flipkart, PayTM mall
or via a reseller, who purchases products from Apple and then resells it to us.

English: 
We were buying products from such stores and not from Apple directly.
Now India has relaxed the FDI rules after which Apple is coming with their own
E-Commerce website in India before this Diwali
Overall, to summarize it, for Apple both US and European markets are now saturated!
Nowadays smartphones last longer, therefore new smartphone sales are slumping.
So now Apple is just focusing on their services in these countries
and is exploring new markets like India
Guys what do you think, will Apple be able to beat OnePlus and Samsung in India?

English: 
We were buying products from such stores and not from Apple directly.
Now India has relaxed the FDI rules after which Apple is coming with their own
E-Commerce website in India before this Diwali
Overall, to summarize it, for Apple both US and European markets are now saturated!
Nowadays smartphones last longer, therefore new smartphone sales are slumping.
So now Apple is just focusing on their services in these countries
and is exploring new markets like India
Guys what do you think, will Apple be able to beat OnePlus and Samsung in India?
