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.
This is India where the monthly salary is 50k per month. People wait in line early morning to buy a phone that costs 80k – 1.8lac. What access to credit cards and loans can do to a country. https://t.co/iYawOIyPRP
— Dilip Kumar (@kmr_dilip) September 20, 2024
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.
I wonder how many of these are actual buyers and how many are content creators.
“dosto aaj main aaya hoon apple store main, aaiye dekhte hai…”
— Mihir Patki (@mihir_patki) September 20, 2024
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.”
Someone makes profits in others’ misery :)
— Dilip Kumar (@kmr_dilip) September 20, 2024
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.”
You’re mistaken if you think that the people buying #iPhone16 on the ‘First Day’ are all salaried persons.
Most of them belong to LALA families, and for them, standing in queue to buy on #iPhone on release day is a real struggle.
The salaried middle class will either purchase…
— Make India Proud 🇮🇳 (@ankushmahajann) September 20, 2024
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