This Massive Market Is Considered To Increase Apple Share Value A Lot.

  This Massive Market Is Considered To Increase Apple Share Value A Lot.   The advent of fifth-generation (5G) smartphones has greatly strengthened Apple's AAPL (NASDAQ) $154,30 +0,65 (+%0,42) largest product line-up, the iPhone, while at the same time enabling it to over expand its operations and flex its pricing power in the large market it has held since its launch. Even in the most challenging Indian market, 5G smartphones changed the fate of Apple and started to be accepted day by day. In fact, according to the English-language daily The Economic Times in India, Apple reports that it is on track to record $3 billion in revenue in India in the fiscal year ending its new fiscal month.

Apple hits the gas in India

The Economic Times points out that Apple's revenue from India could jump as much as 60% this fiscal year. This impressive growth seems to have accelerated last year with the launch of Apple's 5G-enabled iPhones. According to market research firm IDC, India is the fourth largest market for 5G smartphones worldwide. Shipment of 5G devices in India could reach 40 million units this year compared to just 3,5 million units last year. The interesting thing to note is that 5G networks have not yet been commercially launched in India. But it seems that an audience willing to use these phones is quite eager to buy them.

This Massive Market Is Considered To Increase Apple Share Value A Lot.

According to Counterpoint Research, Apple's smartphone shipments in India in the second quarter of 2021 increased by 144% year-over-year. This shows that Indian consumers are ready to buy Apple smartphones with the 5G feature of the more expensive iPhone. Let's see why this might be so.

Here's the future wide view

India's 5G smartphone market is still in its early stages of growth and this expansion is likely to extend over the next few years. But despite all this, Apple has more advantages than its competitors. And it is estimated that it will be on the market with new models that it will launch at lower prices. The current generation iPhone SE will be available for purchase for Indian rupees 32,999 (less than $450) on e-commerce sites like Flipkart in India. In total, it won't be surprising to see Apple's $3 billion in touted revenue in India this year converge rapidly in the years to come.  

Source: The Motley Fool

 

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