Apple set to grow India market share with latest iPhone launch, report says
Apple's newest iPhone launch is expected to boost its market share in India, even as several incumbent Chinese smartphone brands that dominate the market struggle with sales.
Apple is positioned to grow its market share in India following its latest iPhone launch, according to CNBC's Inside India newsletter, at a time when several Chinese smartphone brands that have long dominated the market are struggling to sell.
India remains the world's second-largest smartphone market, and Chinese brands have historically held a significant share of sales there. The report suggests that shifting fortunes among those incumbent brands are creating an opening for Apple to expand.
Specific sales figures or market share projections tied to the new iPhone launch were not detailed in the available excerpt.
Apple has been steadily expanding its manufacturing and retail presence in India in recent years as part of a broader strategy to diversify production and grow sales outside China.
Sources
- Inside India newsletter: Apple set to take a bigger bite of the world’s second-largest smartphone market — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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