Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

India finds no mention in Apple's post-earning analyst call.

Date: 01-08-2018
Subject: India finds no mention in Apple's post-earning analyst call
India skipped much of a mention in iPhone and iPad sales for Apple for the April-June period, with the top management making a rare omission of mentioning the country’s performance in these two main product lines during the analyst call after announcing the quarterly results on Wednesday. 

The only mention the performance in India received was the record sales of Mac computers during this period. 

Apple’s chief financial officer Luca Maestri said the company saw “great momentum” in many emerging markets for Mac sales, with “growth well into double digits and we established new June quarter records for Mac sales in India, Turkey, Chile and Central and Eastern Europe.” 

The company had ran a promotion for Mac computers last quarter in India under the ‘back to school’ initiative offering heavy discount to students. 

Apple’s management in earlier earnings call used to give more updates on the Indian operations, the potential of the market and business for Apple, and how it was able to achieve record revenue or sales of its main product, the iPhone. 

Industry watchers said the absence of India in much of what Apple CEO Tim Cook and the CFO said was no surprise since the company’s sales had declined in the last quarter due to restructuring of the business which includes correction of the channel strategy, reducing discount-led sales and rebuilding the premium image of brand Apple. 

The company is moving from five distributors to two in India, will focus more on selling at the MRP with limited period of discounting, is moving out of smaller retailers who have failed to provide consumer experience and is entering into new trade agreements with all partners including online sellers and marketplaces to ensure its sales terms and conditions are maintained. 

Apple India, under a new expat country head Michel Coulomb, undertook these changes in a complete reversal of strategy unlike his predecessor. 

This correction, along with no seasonal price drop of the iPhone X and 8 due to increase in import duties, and launch of newer premium Android models by rivals OnePlus and Samsung, led to a record drop of iPhone market share in India last quarter, according to market tracker Counterpoint Research. 

As per the Hong Kong-based researcher, OnePlus reached over 40% share in the Rs 30,000-plus premium smartphone segment in the April-June quarter in India compared to 9% in the same period last year. Samsung was pushed to the second spot with 35% share and Apple has for the first time reached the third slot in India with a record low of less than 14%. 

Counterpoint said Apple too moved down from the top five smartphone makers by revenue in India, with OnePlus taking the spot. Ahead of OnePlus are Samsung, Xiaomi, Vivo and Oppo in that order. 

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 15-04-2021
Notification No.43/2021 - Customs (N.T.)
Exchange rates Notification No.43/2021-Cus (NT) dated 15.04.2021

Date: 13-04-2021
Public Notice No. 01/2015-2020
Allocation of additional quantity of 3675.13 MT (raw/refined) sugar to UK under TRQ scheme for the year 2020-21

Date: 12-04-2021
Notification No. 21/2021-Customs (ADD)
Seeks to impose anti-dumping duty on imports of Normal Butanol or N-Butyl alcohol originating in or exported from European Union, Malaysia, Singapore, South Africa and United States of America for a further period of 5 years.

Date: 11-04-2021
Notification No. 01/2015-2020
Amendment in Export Policy of Injection Remdesivir and Remdesivir API.

Date: 09-04-2021
Public Notice No. 53/2015-2020-DGFT
Late cut for MEIS applications for exports made in the Financial Year 2019-20

Date: 08-04-2021
Notification No. 08/2021-Central Excise
Seeks to amend central excise notifications to make changes consequential to enactment of Finance Act, 2021.

Date: 08-04-2021
Notification No. 26/2021 – Customs
Seeks to amend customs notifications to make changes consequential to enactment of Finance Act, 2021.

Date: 07-04-2021
Public Notice No. 52/2015-2020
Change of office address of Regional Authority, Ahmedabad.

Date: 07-04-2021
A.P. (DIR Series) Circular No. 01
External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits

Date: 05-04-2021
Notification No. 41/2021-Customs (N.T.)
Seeks to notify Customs (Verification of Identity and Compliance) Regulations, 2021

Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001