Apple (AAPL) generated $14 billion in device sales at its production line in India, according to Bloomberg. Yahoo Finance’s Dan Howley and Madison Mills discussed the report on April 10, 2024.
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🧐Apple may be ramping up production of iPhones in India, but is the Indian consumer able to afford to buy the iPhones that are being assembled there? The per capita GDP of China is roughly 6X that of India. Plus, Huawei is eating into Apple iPhone sales in China.
Where is the growth for Apple iPhone sales going to come from?🤔
Why not make more here?
Use common sense. The price will have to triple to do that