I agree.
However.....
Americans need to work for 967 hours for their bread, while Indians make it almost in 0 hours.Americans need to work for 967 hours for their bread, while Indians make it almost in 0 hours.
Yes, more than 80 million people in India are provided almost free ration every month under the National Food Security Act.
I'm gonna buy an iPhone very soon, but I don't think I've even worked for 21 hours to buy it. It's just that I'll be recieving some Fiat from my family business which I'm a sleeping partner.
Do many Indians buy Apple phones? Or do they usually buy cheaper android phones?
They usually buy cheaper phones. The demand for iPhone is rapidly increasing, projected to have reached 50 Million in 2025.
What I can tell you that there's a mile long queue with 30k people lined up to buy new iphone 17 before an iPhone store in Mumbai. To control the crowd the store had to request paramilitary and additional private security for the launch.
There's too much madness for iPhone in India than at anywhere else.
view on x.comview on x.comhttps://xcancel.com/FI_InvestIndia/status/1968981654518571023
Around 300 hrs for most people in argentina. Although in extreme cases it can reach 900hrs, as in some villages people are paid a third of a minimum wage (for a full time job).
Do most Argentina people use iPhone?
It's well liked, yet fairly uncommon due to its cost. Especially since any chinese phone is so sturdy nowadays for cheap. Xiaomi is the most common brand, followed by Samsung and Motorola (see here, iPhone do not even makes it to the list). iPhones main market is within the upper classes, since it's a luxury. I personally wouldn't buy one even if I could. I do not like its "walled garden" approach.
Good point!
Here in Peru, doing the math, I think it takes a lot more hours!
The significant economic advantage derived from state power projection.
US citizens enjoy extraordinary privilege derived from the petrodollar.
How much longer can it last given Chinese factories make the Iphones (and almost everything else) cost competitively while US factories cannot?