Ford-Bye Gas, Hello Batteries; Samsung Giant Indian Factory; Owning Apple i Devices = Wealth

Previously, Ford had announced that, outside of the Mustang, they were ditching cars for all SUVs and trucks. Now, engadget.com reports that Ford is going all-in on electrics. They plan to have a 300 mile range Mustang inspired small SUV (code name Mach 1) on the road by 2020. They plan to have 40 electrified vehicles…16 of then EVs…..by 2022.

Samsung has opened the world’s largest mobile phone factory in India. According to Bloomberg, it will make everything from $100 cheapies to the flagship S9. Locally, most sales in India are in the $250 or less range. Last year, India passed up the US to become the 2nd largest market for smartphones after China. Cisco did a study, and sees India going from 359 million smartphones in 2018 to 780 million in 2021.

In a study by the University of Chicago, in the US ’no individual brand is as predictive of being high-income as owning an Apple iPhone’. Businessinsider.com says the study was based on 2016 data. According to the researchers, owning an iPhone gave them a 69% chance to correctly infer that the phone owner was ‘high-income,’ which they defined as in the top 25% of income for the household type (like single adult….or couple with dependents.) For reference, back in 1992, the strongest indicator of high income households was Grey Poupon mustard!