India recently imposed a record fine of Rs. 136 crore on Google for discriminatory search which was only a real small hit to Google. But the issue is much bigger for India and every other country (with the exception of USA as these companies are based there) who face serious threats from all the major technology companies – Facebook, Amazon, Google and Apple.
1) Through our smartphones and our apps they seem to monitor all our citizens and even try to influence their social and political preferences,and they try to crush competitive businesses. The read our texts and emails and track our movements and habits, what we say and to who we talk to. Due to our searches they know our likes and dislikes. Even facial recognition is starting to learn more about us. All this data which tech companies consider so valuable is likely stored and analyzed overseas without our permission.
2) Indian regulators need to consider if these companies have become technology monopolies. These silicon valley tech moguls have admitted that they copy or steal from competitors, and if all else fails, they acquire them.
3) Look at Amazon – it is practically moving into all industries and destroying all competition – in India also, as is Uber doing..
India must learn from China – either we must restrict or shut these tech companies and allow our own startups to form, thrive and grow. Else, very soon we will be controlled by these non-India tech companies who want to be masters of the world or acting on behalf of their own governments.
- 14 Feb 2018
Apple is really struggling in India for growth after trying and trying for so many years. Their latest strategy was to sell second hand phones in India, but even that has a few problems. India does not encourage import of used electronics, Indians don’t generally like to spend lots of money for used goods and still the price of the used phone will be not less than Rs. 20,000 (or $300). So what is Apple’s problem – simply put competition. Competitors such as Micromax and Samsung release phones several times a year at prices around Rs. 8,000 to Rs. 15,000 while Apple only releases phones once or twice a year at prices not less than Rs. 25,000. So will Apple make it in India … there are lots of doubts?
Source : WSJ
- 19 May 2016
For the first time, Apple has been forced to announce steep price cuts of the recently released iPhone 6S series. Sales are well below expectations and competition is very in the hyper competitive and price sensitive Indian market. The latest price cuts come after Apple slashed prices on the older iPhone 5s prices for the third time, with prices now nearly half its September price. This may be good news for new customers but not so for those who bought these phones at much higher prices only a short while ago.
Source: Times of India
- 23 Dec 2015