Updated 19 Jun, 2013, 9:20 pm IST
Cheaper iPhone may be released to tap into markets like India, China
| by Aaron Almeida |
The iPhone 5's success is undeniable as five million handsets were sold in the first weekend of its launch. The handset has been selling pretty well in India too and the initial batch had sold out almost immediately. However, India is a tiny market for the Apple iPhone as it is priced considerably higher than its rivals. A report by analyst Gene Munster has now put forward a claim that in order to tackle markets like India and China, where Apple’s user base is not very large, and the brand will launch a cheaper handset that will be ideal for these markets.
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