Jio is considered as “tycoon” of the Telecom sector in India, the reason behind the success of jio in such a short span time is none other than Mr. Mukesh Ambani. The richest man of India, the business “tycoon” and whatnot.
The reason we are here comparing Jio with Apple Inc is the man behind this master-plan. The business strategies he came up with was something exceptional and very impressive from a customer’s point of view. Some very curious people must be thinking about how is It even possible to compare Apple Inc & Jio. The answer is lying in the further part of the Article.
HISTORY & GROWTH
The history stands as JIO started as a networking system in 2016 having hypercompetitive in the field as AIRTEL & VODAFONE IDEA. Who has already established them in the country it was not an easy deal to survive In such a neck to neck fighting competitive market.
But when it comes to running a business and making it successful the only name which stands tall and strong enough is Mr.Ambani. Within four years on 31st December, it became the largest mobile network operator in India and the third-largest mobile network operator in the world with 387.5 million subscribers which are still growing in number. When a company came with hell lot of competitors In the market and then taking over them in just 4 years in actually fascinating
Well if we see Apple Inc it’s a different company. But later jio came up as a competitor, Launching the jio phone only for Rs. 1500 was again a masterstroke for all the mobile phone companies.
BIGGEST OPPORTUNITY FOR JIO
The biggest strength that stood out for jio was India and its population. The population of India ranks second highest in the world. And over 50% of the population ranges from 19-25 people here of this age group are Techie.
In a country full of “cybernauts” it becomes easier for such excellent business minds to clear the competition and declare. Themselves as a successful company
Apple Inc is the most successful brand when it comes to phones, laptops and other kinds of stuff.
Recently jio was involved In the planning of 5G & 6G . Looking at this one can eventually take jio as the most successful telecom company in the world in the coming time.
COMING OUT WITH PROFIT EVEN DURING THE HARDEST PERIOD
During Lockdown where every firm was facing losses the only company that made a profit and recovered its stock price. Apart from that the company shows a net profit of INR.830 crore in Q4.
As we know the prime business of Ambani’s is oil and petroleum. And watching the current scenario of fuel price its very difficult to survive in this particular business. And keeping this in mind, finally, jio is being taken forward as the prime business of one of the most important backgrounds of the country.
DEALS WITH SOME BEST CORPORATIONS OF THE WORLD
Recently Facebook announced to invest 43,754 crores in Jio which is about 9.99% stake of jio. As soon as the collaboration officially announced Reliance Industries Limited (RIL) was debt-free.
As per the news from sources, jio is planning to launch a jio laptop very soon. On 06/07/2020. Intel announced an investment of $253.5 million in Jio which clearly indicates the launch of Jio Laptops and 5G run very soon in India
And as we go with the current scenario of Jio’s marketing strategy there’s no wonder if jio launches a smartphone or smartwatch very soon.
Hence we can end this by saying
WILL WE SEE JIO COMPETING APPLE INC ON GLOBAL MARKET VERY SOON?