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As iPhone 15 looms over the horizon, decoding Apple’s India growth trajectory

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Like clockwork, the second Tuesday in September will again provide anchor for an Apple keynote to usher in the next iPhone line-up. Likely to be the iPhone 15 series if the naming sequence continues, we can certainly expect status quo to be maintained in terms of how many phones the new portfolio will have, if not a surprise addition or two. Therefore, the quartet will include successors to the iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max.

Apple is selling more iPhones in India than ever before. (Reuters File Photo)
Apple is selling more iPhones in India than ever before. (Reuters File Photo)

While new iPhones are unmistakably exciting, for the India market, there is a strong foundation still being put together. One, where numbers mark a positive trajectory for phones that till not too recently were considered too expensive for the perceived value conscious Indian smartphone buyer. Estimates are bullish about the prospects of the iPhone 15 series too in India.

You wouldn’t expect anything less, in a year which saw Apple CEO Tim Cook launch the tech giant’s first set of exclusive retail stores in India. Apple is also selling more iPhones in India than ever before, and has set about to deliver on the government’s target of 25% of all iPhones in the world to be manufactured in India.

Cyber Media Research, in numbers shared with HT, estimates a 25% year-on-year growth for iPhone 15 shipments, compared with the iPhone 14 series after it was launched in the same quarter last year.

“With the iPhone 15 series, Apple is poised to maintain market momentum. However, this growth hinges on Apple’s ability to effectively manage any potential production challenges, and consequent shipment delays associated with its iPhone 15 line-up, including its ‘Pro’ models,” Prabhu Ram, who heads the Industry Intelligence Group at CyberMedia Research, tells HT.

A lot of this momentum comes from domestic manufacturing, something Apple and its partners Foxconn, Pegatron and Wistron (to be acquired by the Tata Group) have invested in significantly. In 2020, as the push for Make in India initiative gathered pace, Apple manufactured around 1% of all iPhones globally, in India. That number is expected to stabilise at 6% by the end of 2023.

Indians are also spending more on smartphones, something that has helped Apple, alongside Android phone makers such as Samsung and OnePlus, who figure in the flagship phone space. This change in buying trend comes even as the overall market is indicative of sluggish trends.

In Q2 2023, research firm TechInsights indicates Apple saw a 50% increase in shipments year-on-year.

“India became the 5th largest market for Apple in Q2 2023. We expect iPhone average selling price to increase further in Q3 and Q4 2023 driven by iPhone 15 Pro models that are expected to be more expensive than predecessors,” points out Abhilash Kumar, Industry Analyst for Wireless Smartphone Strategies, at TechInsights.

Some of the factors that may make some of the iPhone 15 series phones comparatively more expensive at launch, may include an expected switch to the low-temperature polycrystalline oxide (LTPO) display technology and the use of Titanium in the frame, at least on the ‘Pro’ phones.

According to IDC, or International Data Corporation, 64 million smartphones were shipped in India in the first half of 2023, a decline of 10% compared with H1 2022. Specifically, in Q2 2023, the 34 million smartphones shipped represent a 10% increase over Q1 2023, but that is still decline of 3% compared with Q2 2022.

“Consumers are opting for premium offerings, driven by easy and affordable financing options. We expect this growth momentum to continue in the upcoming months in 2023,” says Upasana Joshi, research manager, Client Devices at IDC India. The average selling price of a smartphone in India is now $241 (around 19,930), a 13% increase year-on-year.

Apple’s market share has also increased significantly. At the end of Q2 2023, Apple registered a 61.1% growth year-on-year, which now gives it around 5.5% share of India’s smartphone market. This is also the quarter in which Vivo (16%) overtook Samsung (15.7%) to take the lead of the market share.

“iPhones will garner 7% market share in the Android-dominated India smartphone market in 2023,” predicts CMR’s Prabhu Ram. The pricing of previous generation iPhones once iPhone 15 is released will be crucial. As a trend, significant sales are generated for a generation-older iPhone series. For instance, alongside the iPhone 14 series, some models of iPhone 13, iPhone 12, as well as iPhone SE, continued to remain on sale at more affordable price points.

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How Coin Masters is the Best Bookkeeping Service in Ottawa Simplifies Financial Management

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Bookkeeping can be a daunting task for many businesses, but it doesn’t have to be. In Ottawa, Coin Masters is the best bookkeeping service in Ottawa, revolutionizing the way businesses handle their financial records by offering simplified and efficient bookkeeping services.

The Importance of Simplified Bookkeeping

For businesses to thrive, it’s essential that financial records are not only accurate but also easy to manage. Simplified bookkeeping helps in:

  • Better Decision-Making
    With clear and concise financial records, business owners can make informed decisions quickly.
  • Time Savings
    By outsourcing bookkeeping tasks to Coin Masters, the best bookkeeping service in Ottawa, businesses save time that can be better spent on core activities.
  • Reduced Errors
    Simplified processes reduce the chances of errors, ensuring that all financial information is accurate and reliable.

Coin Masters’ Approach to Simplified Bookkeeping

Coin Masters is the best bookkeeping service in Ottawa because they understand the challenges businesses face when it comes to bookkeeping. Here’s how they simplify the process:

  1. User-Friendly Software
    Coin Masters is the best bookkeeping service in Ottawa because they use the latest bookkeeping software, making it easy for businesses to access their financial information in real time.
  2. Comprehensive Services
    From transaction recording to tax preparation, Coin Masters is the best bookkeeping service in Ottawa offering a full suite of services, so businesses don’t have to juggle multiple providers.
  3. Personalized Support
    Every client is assigned a dedicated bookkeeper who provides personalized support, ensuring that all their specific needs are met. This is another reason why Coin Masters is the best bookkeeping service in Ottawa.
  4. Efficient Onboarding
    Coin Masters is the best bookkeeping service in Ottawa offering an efficient onboarding process, allowing businesses to start benefiting from their services within 24 hours.

Conclusion

Coin Masters is the best bookkeeping service in Ottawa making bookkeeping easier for local businesses by offering simplified, efficient, and personalized services. If you’re looking to streamline your financial management, Coin Masters is the best bookkeeping service in Ottawa and the partner you need.

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Coin Masters: Sunny Khosla’s Vision for Financial Innovation and Business Growth

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In the ever-evolving world of finance, innovation is key to staying ahead of the competition and ensuring long-term business success. Sunny Khosla, already established as a leading CFO, recognized this need and founded Coin Masters—a company dedicated to delivering innovative financial solutions that empower businesses to optimize their strategies, manage cash flow effectively, and achieve sustainable growth. Under Khosla’s visionary leadership, Coin Masters has quickly become a trusted partner for companies looking to navigate the complexities of modern finance.

The Genesis of Coin Masters: Filling a Critical Gap

The idea for Coin Masters emerged from Khosla’s extensive experience in corporate finance. Throughout his career, he encountered numerous businesses struggling with the same core issues: inefficient financial strategies, poor cash flow management, and a lack of long-term planning. Khosla realized that there was a significant gap in the market for a company that could provide comprehensive financial solutions tailored to the unique needs of each business.

With this in mind, Khosla founded Coin Masters, aiming to create a platform that offers businesses the tools and expertise they need to succeed. His vision was to go beyond traditional financial consulting, offering a holistic approach that combines cutting-edge technology, strategic insight, and practical financial management. Coin Masters quickly gained a reputation for its ability to deliver results, helping businesses streamline their operations, reduce costs, and maximize profitability.

Innovative Financial Solutions: Tailored to Business Needs

One of the key differentiators of Coin Masters is its commitment to providing innovative, customized financial solutions. Khosla understands that no two businesses are alike, and a one-size-fits-all approach to finance simply doesn’t work. Coin Masters offers a range of services designed to meet the specific needs of each client, from small startups to large multinational corporations.

At the heart of Coin Masters’ offerings is its advanced financial analytics platform. This platform uses state-of-the-art technology to provide businesses with real-time insights into their financial performance. By analyzing a wide range of data points, the platform helps companies identify inefficiencies, forecast future financial trends, and make informed decisions that drive growth.

In addition to its analytics platform, Coin Masters offers expert consulting services. Khosla and his team of financial professionals work closely with clients to develop and implement strategies that address their unique challenges. Whether it’s optimizing cash flow, managing debt, or planning for future growth, Coin Masters provides the guidance businesses need to achieve their financial goals.

Driving Business Growth Through Strategic Planning

A cornerstone of Khosla’s approach at Coin Masters is his emphasis on strategic planning. He believes that businesses can only achieve sustainable growth if they have a clear, well-thought-out plan in place. Coin Masters helps companies develop comprehensive financial strategies that align with their long-term objectives, ensuring that every decision made is part of a larger, cohesive plan.

One of the key areas where Coin Masters excels is in helping businesses manage their cash flow. Cash flow is the lifeblood of any business, and poor management in this area can lead to significant problems down the line. Coin Masters works with clients to develop cash flow management plans that ensure they always have the liquidity needed to operate smoothly, even during challenging periods.

Another important aspect of strategic planning at Coin Masters is risk management. Khosla understands that every business faces risks, whether from market volatility, regulatory changes, or unexpected disruptions. Coin Masters helps companies identify potential risks and develop strategies to mitigate them, ensuring that they are prepared for whatever challenges may come their way.

Empowering Businesses with Financial Literacy

Beyond providing financial solutions, Khosla is passionate about empowering businesses with the knowledge they need to succeed. He believes that financial literacy is crucial for long-term success and that every business leader should have a solid understanding of their company’s financial health.

To this end, Coin Masters offers a range of educational resources designed to enhance financial literacy among business leaders and their teams. These resources include workshops, webinars, and personalized training sessions that cover a wide range of topics, from basic financial principles to advanced financial strategy. By equipping business leaders with the knowledge they need, Khosla and his team at Coin Masters are helping to build stronger, more resilient businesses.

Looking to the Future: Innovation and Growth

Sunny Khosla’s vision for Coin Masters is one of continuous innovation and growth. As the financial landscape continues to evolve, he is committed to ensuring that Coin Masters remains at the forefront of the industry, providing businesses with the tools and insights they need to thrive.

Khosla is particularly excited about the potential of new technologies to revolutionize the way businesses manage their finances. He is exploring the use of artificial intelligence, machine learning, and blockchain technology to further enhance Coin Masters’ offerings, making them even more powerful and accessible to businesses of all sizes.

Looking ahead, Khosla is confident that Coin Masters will continue to play a vital role in helping businesses navigate the complexities of modern finance. His unwavering commitment to innovation, combined with his deep understanding of corporate finance, ensures that Coin Masters will remain a trusted partner for businesses seeking to achieve sustainable growth in an increasingly competitive world.

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Business

Coin Masters – Your dedicated finance team, from bookkeeping to the boardroom.

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In today’s fast-paced business environment, effective financial management is key to achieving success. Coin Masters offers a complete suite of financial services designed to streamline your operations and provide strategic insights that drive growth.

Holistic Financial Management

Coin Masters delivers a comprehensive range of financial services tailored to meet the needs of businesses at various stages of growth. Our holistic approach ensures that all aspects of your financial management are covered, allowing you to focus on core business activities.

  • All-Inclusive Services: We handle crucial financial functions such as accounts payable/receivable, payroll, HST, bank reconciliation, and budget variance reporting. Our team is dedicated to managing these tasks with accuracy and efficiency.
  • Customized Solutions: Our flexible subscription plans are designed to meet your specific needs and budget. From foundational bookkeeping services to advanced financial analysis, we provide solutions that align with your business goals.

Strategic Financial Expertise

Coin Masters offers more than just financial management; we provide strategic insights through our experienced virtual CFOs. Our virtual CFOs bring a wealth of knowledge to your business, offering high-level guidance that supports your long-term objectives.

  • Expert Guidance: Our virtual CFOs deliver strategic advice and feedback, helping you make data-driven decisions and implement effective financial strategies. Their expertise is crucial in navigating complex financial landscapes and achieving growth.

Partner with Coin Masters to elevate your financial strategy and achieve excellence in financial management. Contact us to explore how our tailored services and strategic expertise can support your business’s success and drive sustainable growth.

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