Second, how many Indians have an iPhone

Second, how many Indians have an iPhone?

Most likely, not many Indians under 25 or over 65 have an iPhone. So, those people, who make up 40% of the population, will not be included. Indians number 1.39 billion. Even if we take out the people who have never had an iPhone, 834,000,000 people are still left. The iPhone is affordable for people in the upper middle class and above. When iPhone prices go up, 14% of these people will be taken off this list. Even though only 3.2% of people can buy an iPhone, the other 717 million can. In India, there are about 22 million iPhone users.

Third, how many fridges are sold in India every year?

450 million people live in India if we assume that each of its 130 million families has four members. Because of this, there are 32,500,000 homes. People can be roughly put into three groups: the poor, the middle class, and the rich. There is also a clear difference between the big cities, the secondary or tertiary cities, and the smaller towns. People in every city think that rich people have refrigerators.

Here, the percentages are broken down by type.

There are 20%, 40%, and 20% of people living in poverty in each metro area.

Rich = 40%, 50%, and 10% for the middle class in Tier II and Tier III cities.

60% of the people in the village are poor, 38% are in the middle class, and 2% are rich.

When figuring out how many refrigerators will sell, you have to take into account two different types of demand: 1) demand for brand-new units and 2) demand for used units that will be replaced after 10 years. So, the sum can be found by taking into account all of these things.

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