iPhone 15 Costs More in China and India Compared to US Despite Local Manufacturing and Assembly
Portfolio Pulse from Anusuya Lahiri
Apple Inc has increased the prices of its latest iPhone 15 range in key markets like China and India, despite local manufacturing and assembly. The price hikes are partly due to the depreciation of the local currencies against the U.S. dollar and higher import taxes. However, these increases primarily affect the more expensive models and may not significantly impact consumer sentiment among premium smartphone buyers. Apple's shares traded lower by 0.39% at $175.61 on the last check Wednesday.
September 13, 2023 | 5:10 pm
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NEGATIVE IMPACT
Apple's decision to raise iPhone 15 prices in key markets like China and India could potentially affect its sales in these regions. However, the impact may be limited to premium smartphone buyers. Apple's shares traded lower by 0.39% at $175.61 on the last check Wednesday.
Apple's decision to raise the prices of its iPhone 15 range in China and India, despite local manufacturing and assembly, could potentially affect its sales in these regions. However, the impact may be limited as these increases primarily affect the more expensive models, which are typically bought by premium smartphone buyers. The news of the price increase, coupled with the general market sentiment, has led to a slight decrease in Apple's share price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100