By failing to hit a truly low pricing point with the iPhone 5C, tech giant Apple (AAPL 2.22%) hasn't done as much to fix its emerging market problems as many investors had hoped.
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.
