How would you characterize the competitive nature of the Indian market that Apple faced?

Using the case, discuss barriers to entry for new firms entering the Indian market.

What is the key challenge that Apple faced in India? What economic concept can be used to characterize the Indian consumer?

Assuming costs remain unchanged but are increasing in output and consumer demand is linear, how would you answer Tim Cook's question about the impact of Apple adjusting its pricing strategy? Consider the case of both an increase in price and a decrease in price.

Using the data in Exhibits 1 and 3, calculate Apple's production figures for 2017-2019 in each of the three product sectors. Assume the market share of each sector is the same and use annual average market shares.

Using the data in Exhibit 1 estimate the relationship between production and time and predict the production in each product sector for the next three years.

Calculate Apple's market share using the procedure in part 3A for the predicted three years, assuming the same annual average market shares.