Apple: Warranty No Longer Void In India [Seeking Alpha]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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Source: Seeking Alpha
Summary Apple (NASDAQ: AAPL ) seems to have played a deft hand to bring more of the Indian consumers within its ecosystem with only a minor tweak in its warranty policy. Indians, it seems, no longer have to be hesitant about sourcing their iPhones from abroad as Apple India would service warranty on an iPhone even if it was purchased outside the country. No other smartphone OEM in India offers this kind of extended warranty at the moment. All Indian newspapers consequently have been flooded with articles asking consumers to get the iPhone 8 and iPhone X shipped from the US. Just google it. Should the Indian market matter? Investors may be right about dismissing the Indian market looking at historical results. Apple India's revenues increased 54% in FY16 to $1.5 billion but had a net profit margin of just 3%. For a company that makes $223 billion in revenues and ~$47 billion in net profits, the Indian figure hardly moves the needle. But can this market be ignored? I
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