1 Good Sign for the iPhone in India
Apple's (NAS: AAPL) newest iPhone 5 saw a good sign in India recently, selling out of initial inventories after the device launched in the country. However, it was estimated to be only 10,000 to 15,000 units, which isn't a lot overall. India remains a very tough market for Apple to crack due to local regulations that affect retail distribution as well as the lack of carrier subsidies. Google (NAS: GOOG) Android's ability to tap low price points has propelled it to a 50% market share. Nokia's (NYS: NOK) Symbian platform had previously done well, but its market share is dwindling as Nokia adopts Microsoft (NAS: MSFT) Windows Phone. Research In Motion (NAS: RIMM) is also declining. Apple still faces some challenges in India, but it's a good sign that demand is starting to grow.
Even without India, the introduction of the iPhone 5 is an event Apple investors have been looking forward to for months. The stakes are high and the opportunity is huge, so to help investors understand this epic Apple event, we've just released an exclusive update dedicated to the iPhone 5 launch. By picking up a copy of our premium research report on Apple, you'll learn everything you need to know about the launch, and receive ongoing guidance as key news hits. Claim your copy today by clicking here now.
The article 1 Good Sign for the iPhone in India originally appeared on Fool.com.Fool contributor Evan Niu, CFA, owns shares of Apple. The Motley Fool owns shares of Apple, Google, and Microsoft. Motley Fool newsletter services recommend Apple, Google, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.