jan 17th, 2007
in other words, the same thing costs 222/149 = 1.48 times more in india as compared to the US.
now apple's pricing policy may include an overseas uplift of 35%, which suggests to me that the rupee is 48-35 = 13% overvalued against the dollar.
this is a strange conclusion and would imply a future devaluation in the price of the rupee but that is not what the markets are saying.
another other possibility is that apple is ripping indians off :-(
the third possibility is that there is so much unaccounted-for/black money in india that people really don't care how much they are spending on something that has snob value.
none of these is a particularly positive interpretation.
what do you think?
Wednesday, January 17, 2007
after the big mac index, now comes the ipod index!
Posted by nizhal yoddha at 1/17/2007 11:40:00 PM