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Almost All Fed Officials Saw More Rate Hikes in 2023

Bloomberg Businessweek

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Reliance Industries Launches $12 Smartphone in India

Apple is there obviously on the product side to sell to the billion poor Indian consumers who most of them don't want, they can't afford an iPhone. Reliance Industries just launched a $12 smartphone in India, which obviously is not an Apple phone, it's on the Android. And so Apple's really, if you think about Apple as an example of what's happening in India, they're expecting to have about 25% of their phones made in India by end of 2025.

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