1 Good Sign for the iPhone in India

Apple's (Nasdaq: 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  (Nasdaq: GOOG  ) Android's ability to tap low price points has propelled it to a 50% market share. Nokia's (NYSE: NOK  ) Symbian platform had previously done well, but its market share is dwindling as Nokia adopts Microsoft  (Nasdaq: MSFT  ) Windows Phone. Research In Motion  (Nasdaq: 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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