Apple Sees Highest Ever Phone Shipments to India, Research Firm Says

Seekingalpha2023-11-02

India’s smartphone shipments remained flat in the third quarter and are expected to pick up, according to Counterpoint’s Monthly India Smartphone Tracker. However, Apple (NASDAQ: AAPL) recorded its ...

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However, Apple (NASDAQ: AAPL) recorded its ...</p>\n\n<a href=\"https://seekingalpha.com/news/4027949-apple-highest-ever-phone-shipments-india\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://seekingalpha.com/news/4027949-apple-highest-ever-phone-shipments-india","article_id":"2380617119","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2380617119","pubTimestamp":1698897379,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"India’s smartphone shipments remained flat in the third quarter and are expected to pick up, according to Counterpoint’s Monthly India Smartphone Tracker. However, Apple (NASDAQ:AAPL) recorded its hig","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果","SSNLF":"三星电子"},"translate_title":"研究公司称，苹果手机出货量创历史新高","themeId":"0b6ff676e0fb47acb494889770087876","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"SSNLF":1},"content_text":"India’s smartphone shipments remained flat in the third quarter and are expected to pick up, according to Counterpoint’s Monthly India Smartphone Tracker. However, Apple (NASDAQ: AAPL) recorded its highest ever quarterly shipments to the country during the period as consumers continued to spend more on devices.Apple (AAPL) recorded growth of 34% year-over-year in the third quarter. It was the best quarter for the company's shipments in the country, which crossed 2.5 million units.\"Premiumization has started in the world’s second-largest smartphone market and Apple has again got the timing right to benefit from this trend through its devices and financing offers,\" Counterpoint senior research Analyst Shilpi Jain said.Jain added that during the period, \"the premium segment and 5G were the two focus areas and saw multiple launches.\"Counterpoint did not disclose Apple's market share, though it added that Samsung (OTCPK: SSNLF) is tops, owning 17.6% of the market, thanks to better incentives.Overall shipments declined for almost a year prior to the quarter, and are now showing signs of recovery with a gradual pick-up in consumer demand going into the festive season.Manufacturers are devising financing schemes through partnerships with financial institutions and by marketing the per-day cost of buying a new device to push sales, Jain explained.\"The market is gradually moving towards growth and we are witnessing positive consumer sentiment during festive season sales,\" Jain said. \"India’s smartphone market will experience growth in the coming quarter due to pent-up demand, elongated festive season and faster 5G upgrades.”Cupertino, California-based Apple (AAPL) is looking to India to increase sales as the country boasts the largest population in the world, overtaking China earlier this year. 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