A $38 billion fine for Apple. In India. 💸🇮🇳

The charge? Antitrust.
The reality? A last-minute rule change: fines now based on global revenue, not just local.

Apple's market share in India: ~10%.

Meanwhile, Xiaomi lost $680M (frozen, then confiscated). ByteDance lost $6B (banned overnight).

India’s playbook: Lure. Trap. Seize.

Warning for any company thinking of going all in.

#Apple #IndiaBusiness #Antitrust #Xiaomi #ByteDance #ForeignInvestment #BusinessRisk