“India will account for 20% of Apple’s user growth over the next five years, Morgan Stanley estimates”
July 18, 2023
“Morgan Stanley analysts forecast that over the next five years, the country could account for 15% of Apple’s revenue growth — in contrast to 2% in the past five years and $6 billion today — and 20% of the company’s installed base growth.
The revenue growth, which Morgan Stanley forecasts at $40 billion over the next 10 years, would be the “equivalent to Apple ramping an entirely new product category.”…”
India, unlike China, or the rest of the developed world, has good age demographics. That means India’s economy is going to do very well in comparison to others. Countries with aging populations will have tough economic situations like how to pay for the elderly; not enough young people to tax to pay for governmental services; shrinking workforce meaning lack of labor; depressed markets etc.