By Malcolm Owen Tuesday, December 18, 2018, 11:05 am PT (02:05 pm ET) Apple has found India to be a difficult market to crack, with shipments of the iPhone reportedly slipping in the market as it struggles to compete against cheaper rivals in the country.Apple CEO Tim Cook with India's Prime Minster Narendra Modi According to data from research firm Canalys, iPhone shipments in India have dropped 40 percent so far in 2018 when compared with 2017, with Apple's small 2 percent market share estimate from last year shrinking down to 1 percent. Revenue from the market is also less than desired, according to sources of the Wall Street Journal familiar with Apple's targets, with the $1.8 billion in revenue for this fiscal year less than half what was hoped to be reached by company executives. "It's been a rout," Canalys analyst Ishan Dutt advised to the report. India has a considerable amount of growth space available for the smartphone market compared to other major markets, where sales … [Read more...] about Declining iPhone sales in India is a sign Apple is failing to adapt its business
Sales tax rules in india
As the world watches Apple move to refresh the $1,000 iPhone X this month, India, as always, is expected to show very little interest in the Apple’s new offering. Not because it doesn’t like smartphones — it’s the world’s second largest smartphone market — but because iPhones just doesn’t have the kind of market share in India that they have elsewhere. India’s smartphone market is currently a key battleground for a number of phone makers from China, Taiwan, and South Korea. As the smartphone shipments slow in many parts of the globe, India’s handset market continues to grow. July saw 42 different smartphone models launched in the nation, up from 25 models during the same period last year, research firm Counterpoint told VentureBeat. Most of the new handsets are from Chinese smartphone makers, many of whom see India as their most important market. Leading the charge is Xiaomi, which last year ended Samsung’s five-year-streak as … [Read more...] about Chinese smartphone makers are winning in India — the fastest growing market
** Shares of online retailers take a hit after U.S. Supreme Court allows states to force these companies to collect sales tax FILE PHOTO: The logo of Amazon is pictured inside the company's office in Bengaluru, India, April 20, 2018. Picture taken April 20, 2018. REUTERS/Abhishek N. Chinnappa/File Photo ** Amazon down ~1 pct, Wayfair off 3.6 pct, Overstock.com 2 pct, Etsy 4.3 pct, eBay ~2 pct and Shopify 3.4 pct ** Amazon already collects state and local sales taxes ** The justices, in a 5-4 ruling against Wayfair, Overstock and Newegg Inc, overturned a 1992 Supreme Court precedent that had barred states from requiring businesses with no “physical presence” in that state, like out-of-state online retailers, to collect sales taxes ** The S&P 500 retailing index also slipped ~0.8 pct as AMZN shares weighed down the index Reporting by Shreyashi Sanyal in Bengaluru … [Read more...] about Online retailers slide after U.S. court ruling on sales tax
Joe Mcdonald, Ap Business Writer Updated 6:02 am, Tuesday, April 17, 2018 Photo: Ng Han Guan, AP Image 1of/1 CaptionClose Image 1 of 1 FILE - In this April 19, 2017, file photo, visitors to the stands of GM brands Chevrolet and Buick seat near a section promoting electric power during Auto Shanghai 2017 show at the National Exhibition and Convention Center in Shanghai, China. China has announced plans to allow full foreign ownership of automakers in five years, ending restrictions that have strained relations with Washington and other trading partners. less FILE - In this April 19, 2017, file photo, visitors to the stands of GM brands Chevrolet and Buick seat near a section promoting electric power during Auto Shanghai 2017 show at the National Exhibition and ... more Photo: Ng Han Guan, AP China to allow full foreign ownership in … [Read more...] about China to allow full foreign ownership in auto industry
April 1, 2018 - Written By Dominik Bosnjak China is tempting chipmakers with tax cuts amid trade-related tensions with the United States, with Beijing officially announcing its attempt to do so earlier this week. The new framework is set to go into effect on January 1, 2019, allowing semiconductor companies to be exempted from tax for up to five years and only pay half of the current 25-percent rate over the following half a decade. The government is hoping the move will attract more foreign and domestic investments from the semiconductor industry, with the relaxed tax rules being part of the Made in China 2025 initiative which is conceptually similar to the Made in India policy that New Delhi has been pursuing for several years now.The long-term program isn’t just targeted at the semiconductor industry but emerging technologies in general, though chipmakers are understood to be one of its most important targets due to the ubiquitous demand for the offerings. Regarding mobile … [Read more...] about China Tempts Chipmakers With Tax Cuts Amid Tensions With U.S.