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Apple's sales plunged in China — these are the iPhone giant's 5 biggest problems right now (www.cnbc.com)

submitted 2 years ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml

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[–] ksynwa@lemmygrad.ml 6 points 2 years ago

Apple/Google using their monopoly to extort high cuts would be one of the less bad things for China. The biggest problem would be reliance on Western corporations for core and essential services. India's tech sector is being serviced by Western corporations mostly. WhatsApp is the national messaging app, Google Pay is the most common app for online payments through UPI, online shopping is dominated by Amazon, etc. Russia and China have avoided this through protectionist measures but India has no alternatives in place. There are some indigenous gig economy food/grocery delivery and taxi service apps though.