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by mantap
2078 days ago
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Is it? Indian and Chinese culture is very different. Apple benefits greatly from China's unquenchable thirst for luxury goods in general, not just phones but clothing, cars, etc. Signalling wealth through conspicuous consumption is important in China. I don't see that same characteristic in Indian culture; of course there is a market for luxury goods but it's not the same. |
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Can it be just because of the difference in disposable income in the countries? I don't know any reliable metric for income but the GDP per capita of PRC is five times that of India. The quench for luxurious goods comes with rising income.