1 Good Sign for the iPhone in India
Nov 7th 2012 7:02PM
Updated Nov 7th 2012 7:04PM
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.
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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.
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