The Times of India yesterday, citing research data from IDC, reported that iPhone sales in India have slowed down dramatically over the past few months. The research data indicated that Apple's marketshare in the country recently dropped from 4.7% down to 2.1% amidst slumping sales. As for unit sales, the data relayed that while Apple sold 230,000 iPhones during the last quarter of 2012, the company only sold 120,000 iPhones during the first quarter of 2013.
So should Apple investors be worried? Has the iPhone lost its luster, perhaps rivaled by competing products from Samsung and pushed to the side to make room for more affordable feature phones?
Not exactly.
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