Entrepreneur Dilip Kumar Slams Credit Culture Amid iPhone 16 Frenzy

Dilip questioned how individuals with average monthly salaries of Rs 50,000 could afford such expensive phones.

EMI Edited by Updated: Sep 20, 2024, 7:10 pm
Entrepreneur Dilip Kumar Slams Credit Culture Amid iPhone 16 Frenzy

Entrepreneur Dilip Kumar Slams People Queuing Up For Apple iPhone 16 Sale(Image:X/@kmr_dilip)

Dilip Kumar, an entrepreneur who often expresses his opinions on social media platforms has now raised concerns about India’s credit culture amid cueing up to buy the newly launched iPhone 16. He wrote on the X platform what makes people rush to buy the new  iPhone 16 priced between Rs 80,000 to Rs 1.8 lakh, in Mumbai and Delhi stores. Dilip questioned how individuals with average monthly salaries of Rs 50,000 could afford such expensive phones.

“In India, where people earn Rs 50,000 per month on average are buying phones worth Rs 80,000 to Rs 1.8 lakh,” he wrote. Dilip blamed the credit card and loan culture for enabling people to spend beyond their means. “This is what access to credit cards and loans can do to a country,” he added.

Users have responded to Dilip’s post with mixed opinions that one of the users stated how many people in the queue were actual buyers or content creators.  Dilip Kumar replied, “Content creators pay more taxes than average people.” Others pointed out that India’s average monthly salary is lower than Rs 50,000, citing Rs 25,000-Rs 30,000 as a more accurate figure.

Some users discussed the role of EMIs in perpetuating the problem saying that these instalments have forced Indian citizens to purchase expensive products making it a mandatory thing in everyone’s life. “EMIs have spoiled our generation,” one user commented. Dilip agreed, saying, “Someone profits from others’ misery.”

 

Dilip’s post has also sparked a debate about financial responsibility and India’s economic disparities. Since his concerns highlight the need for responsible spending habits and financial planning, the discussion also goes through various opinions some stating that the debut buyers are not middle class but from affluent families. “The salaried middle class will either purchase a downgraded version or wait for an online sale.”


Since its release on the very first day in  India today, September 20, the sale has drawn massive crowds to the company’s store in Mumbai’s Bandra-Kurla Complex (BKC) and in other Delhi Apple stores. Many customers and iPhone lovers flocked to the store to get their hands on the latest iPhone 16 series which has paved the way for further discussion on consumerism and its culture.

Also, read| iPhone 16 Series First Sale Draws Huge Crowd Outside Mumbai Apple Store