Market researcher Counterpoint expects Apple to achieve a bigger share of India’s smartphone market, with the high-end iPhone 15 Professional and flagship iPhone 15 Professional Max fashions in robust demand.
Yuvraj Malik for Reuters:
The corporate is projected to account for 7% of all smartphone gross sales within the nation from July to December, up from 5% within the first half of 2023, in response to knowledge from market researcher Counterpoint shared solely with Reuters.
Wait occasions in India for Apple’s newest 15 Professional and Professional Max fashions, that go on sale Friday, are stretching as much as late October, mirroring tendencies seen in China and the U.S.
Counterpoint estimated the fashions will account for 25% of total iPhone 15 shipments in India within the fourth quarter, a 4% improve from what the earlier era top-range fashions accounted for a yr earlier.
“The premium smartphone market in India has climbed tremendously from 0.8% of the full market in 2019 to six.1% within the first half of 2023 and that is largely attributed to Apple’s success,” Nabila Popal, a analysis director at market intelligence agency IDC, stated.
Apple is the most important participant within the phase for smartphones priced over $800 in India, with a 67% share within the first half, in response to IDC knowledge.
MacDailyNews Take: That is fast development. In a July be aware to shoppers, Morgan Stanley analysts estimated that India may account for 15% of Apple’s income development and 20% of its put in base development over the following 5 years.
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