Question
How to respond to this discussion post: The Chinese market is important to Apple because their market is much larger than the United States, as
How to respond to this discussion post:
The Chinese market is important to Apple because their market is much larger than the United States, as their population is much larger. The topic "iPhone 14" garnered more than 730 million views on the Chinese social media platform Weibo. China accounted for more than a sixth of Apple's sales in the April-to-June quarter, trailing only America and Europe. Apple faces competition challenges as they are 5th in market share behind companies like Honor Device Co, Oppo, and Vivo. They try to compete with these companies by improving the quality of features like the camera but other companies such as Oppo and Vivo stepped in with models offering features such as high-quality cameras and long-lasting battery.
India and China are similar prospective markets in that they have very high populations with India ranking 2nd behind China with more than 1.3 billion people. India is also the world's second largest smartphone market, behind China. Apple's market share in India is projected to be about 4% this year, which is up from 1% the previous year. While they have a low market share, Apple is hoping India, which has friendlier ties with the U.S., could eventually approach China's status as a key global market and production hub. I think India has a more promising market for the future due to their friendlier ties, also, analysts say that in India, consumers are increasingly willing to spend more for expensive devices aided by new financing options. Another reason is that Apple is preparing to manufacture its new iPhone in India months earlier than it did previous models, the increased local production would help Apple expand market share among Indian consumers.
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