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Boeing’s reputation is taking a hit, survey shows
  + stars: | 2024-01-30 | by ( Monica Pitrelli | ) www.cnbc.com   time to read: +2 min
A report by the market research company shows net trust dropped 12 percentage points among U.S. adults from December 2023 to January 2024. Net trust represents the share of people who say they trust a brand minus those who say they don’t. Zoom In Icon Arrows pointing outwardsBoeing has not yet replied to CNBC’s request for comment. Zoom In Icon Arrows pointing outwardsAmericans typically show greater net trust in its homegrown Boeing brand than in the European-based Airbus, its largest competitor. “Expect Boeing’s net trust metrics to tick down a bit more, especially as the brand’s name remains in the headlines, but not to the extent that we saw in March 2019,” she said.
Persons: Joanna Piacenza, , Max, Stanley Deal, Organizations: Morning, Boeing, Max, Alaska Airlines, United Airlines, Lion, Ethiopian Airlines, Airbus Locations: Piacenza, Alaska
[1/2] Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. While all manufacturers including Samsung (005930.KS) have agreed to India's plan, Apple is pushing back. Apple, whose India lobbying efforts are being reported for the first time, and India's IT ministry, did not respond to Reuters requests for comment. Renowned Apple analyst Ming-Chi Kuo has estimated 12-14% of iPhone production in 2023 will be from India, with the number set to rise to as much as 25% next year. In terms of market share, Apple accounts for 6% of India's booming smartphone market, compared with just about 2% four years ago.
Persons: Francis Mascarenhas, Apple, Narendra Modi, Ming, Chi Kuo, Prabhu Ram, Aditya Kalra, Susan Fenton Organizations: Apple, REUTERS, DELHI, European Union, Samsung, India's, Reuters, IT, Research, Indian, Consumers, Industry Intelligence, CyberMedia, Thomson Locations: Mumbai, India, New Delhi, U.S, KS, EU, PLI, China
While Xiaomi remained focused on selling mobile phones under 10,000 rupees ($120), Indian consumers were willing to pay up for better looking models with richer features. According to Counterpoint, the market share of the sub-$120 phones in India fell to 26% in 2022 from 41% two years ago. And premium phones - priced above 30,000 ($360) - saw their share double to 11% in the same period. Xiaomi and Samsung both count India as a key growth market, with smartphones their top selling electronic device. And premium phones accounted for only 0%-1% of Xiaomi's total India phone shipments in the last two years, when Samsung's higher-end phones more than doubled their share to 13%, Counterpoint data showed.
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