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P.E.D. reports, “Today, according to Morgan Stanley’s Katy Huberty, Asia Pacific is the company’s largest earnings driver, representing 39% of the company’s operating income growth last quarter… Huberty estimates that there is a core addressable market of 50 million middle-class Chinese with plenty of disposable income and a “strong interest in smartphones and the Apple brand. This is the market Apple was targeting when it announced that it planned to build 25 Apple Stores in China within the next two years.”
Read more in the full article here.
Good, hopefully this will cause Chinese consumers to notice how low their income is which we lead to salary increase demands which will make production more expensive which will cause a shift to manufacture products like Apple’s in other third world countries like the United States.
@ Dileesh
Your statement pretty much answers its own question. IT jobs are heavily vested in the Window’s operating system . Why would the Indian middle class contribute to the decimation of its own wealth and status. That would be like Henry Ford buying a Lexus.