A few weeks ago we were talking about India is a really emerging market, little by little the middle class is growing in the Indian country (although it still has a lot to do), so it is a potentially juicy market for telephone companies. Currently there are many alternatives in the country, but low cost, it seems that the big ones have not yet made a dent. Therefore, Apple tried to make a risky offer to sell repaired phones in India at a price obviously lower than that found in other countries, something that the Indian government has not liked.
Finally, Apple asked the Indian government for the corresponding permits to start selling refurbished devices in its territory. Immediately afterwards, large companies such as Samsung and LG showed their discomfort, they could not let Apple take advantage of that market by lowering the price of their devices, so they also issued a letter to the Government indicating the reasons why it should reject this proposal by Apple.
We do not know if it was instructed by these companies or not, but the Government has de facto rejected the proposal to sell refurbished devices in India. Meanwhile, we find that Apple already employs this technique in many countries, for example in Spain we can buy a MacBook Pro or an iPad called refurbished in Apple's own online store.
It is an opportunity that Apple loses in the Indian market, where ordinary mortals will not be able to access in normal concisions a device with the price of the iPhone. The guys from Samsung and Motorola will be rubbing their hands, they will once again plague a booming market of low-cost and low-performance phones, which are of almost no use, as Samsung already did, plaguing Spain with its Samsung Galaxy Ace almost free.
Hi Alfonso.
The Galaxy Ace has left a bad scar on any of its users, I recommend you talk at length about it with any owner. A device already out of date at its launch, never updated and that a year did not allow WhatsApp and Twitter to be installed at the same time. Their cost attracted many people, Movistar literally gave them away, and they got away with it.
As for China, it has been precisely that market that has led Apple to the insurmountable figures it has today, having Chinese friends, I can tell you that you are completely wrong. Right now it is the most powerful consumer market in the world, apart from instability and social difference, they have a huge amount of human and monetary capital, so there you are completely wrong.
As for Apple's largest investor, he has sold his shares for a simple reason, they will never be worth more than now, ever, because it is the best valued company in the world, it's time to go down. So, he sells them now and he will have made them profitable not much, very much. It is something quite common in the world of the economy and the stock market, that is what this man does precisely, buy low and sell high, he bought them when they were not worth a quarter of what they are worth now Or is it that he was previously a visionary and now get off the boat ?.
Xiaomi is not and will never be a competition for Apple because it violates such a number of patents that it is precisely for this reason that it does not officially leave China. By the way, add the $ / € change to a Xiaomi Mi5 and add 21% VAT, tell me how much it costs, and you will see how it is not so appetizing.
As for raising Apple, I doubt they have to raise the world's most valuable company for the fourth year in a row and that it has achieved its second-best financial result ever.
I think we see things from quite different points of view.