According to news of initial reactions in new smartphones, Apple’s AAPL stock next generation iPhone 12 appears to have reached the correct consensus with its buyers.
Apple analyst Ming-Chi Kuo has reported that iPhone 12 pre-order is more than twice as high as the iPhone 11 stage (only two of the four iPhone 12 phones are available for pre-order now). It expects 1,7 to 2 million pre-ordered devices within the first 24 hours compared with the same time last year of 500,000 to 800,000 iPhone 11 devices.
Though Apple receives fantastic news and reveals the aggressive pricing of its 5 G iPhone series, there is a key market where new smartphones are exorbitantly priced: India. For Apple, this does not bode well, particularly as its outlook was late in India.
Fake pricing again in India
Apart from the enticing price of $699 Apple has brought 5 G devices with the 12 mini iPhone, the same device begins with 69,900 Indian rupees (almost $953). For the 64 GB variety, the regular iPhone 12 is priced at 79,900 Indian Rupees (almost $1,090), far higher than the $799 US price point.
Indian customers are going to have to pay quite the incentive in comparison to US customers in order to access the new iPhone lineup. This is not fresh since import duty and other taxes in India have traditionally inflated iPhone rates. Furthermore, India ‘s 5 G launch is expected to be at least two years out, and national launch could take at least four to five years.
Indian customers cannot brace for a 5.4 “system because competitors have less costly alternatives that provide superior technology, such as faster screen refresh times, more memory and bigger displays. Apple could therefore lose an opportunity to take advantage of the iPhone 12 buzz and gain substantial market share, especially as the average Indian smartphone price is projected to float by only $170 this year.
However, a secondary strategy appears to be in place for Apple. In spite of the exorbitant price for iPhone 12, Apple can still be boosting in the Indian smartphone industry before 5 G which, according to third party estimates, has reportedly risen at 14 percent annual growth AAPL stock
AAPL stock is not currently producing the latest iPhone 12 series in India, hence the smartphone attracts massive import duties. The Indian market magazine Market Today ‘s study shows that Indian customers are moving, with 22 percent customs duty and 18 percent goods and services tax (GST) to pay 21 344 Indian rupies for the iPhone (around USD 290). If you want to know more stock information such as income statement, you can check at https://www.webull.com/income-statement/nasdaq-aapl .
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.