Although it matters, this isn't a significant problem in places like China, where Apple has seen some recent wins. However, the full consequences of Apple missing lower pricing points will come home to roost as Apple misses out on other booming smartphone markets like India. Investors should play attention.
The smartphone market in India is one of the fastest-growing major markets in the world; in Q2 '13 alone, Indian smartphone sales nearly tripled year over year. It's this kind of heady growth that will drive India to become the world's second-largest smartphone market by 2017, according to the IDC. And as Apple's size makes incremental growth harder to find, missed opportunities in growth stories like India will become increasingly harmful to the iPhone maker.
In this video, Fool contributor Andrew Tonner looks at some of the issues that are likely to confront Apple as it strives to become a dominant player in the Indian smartphone space in the coming years.
Fool contributor Andrew Tonner owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. 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.