Apple's iPhone Shipments in India Soar Nearly 80% in First Quarter [The Motley Fool]
Apple Inc. (AAPL)
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Source: The Motley Fool
Evan Niu, CFA(TMFNewCow)Author BioEvan is a senior technology specialist at The Motley Fool. He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.Follow @@TMFNewCowIndia has long been one of the most difficult markets forAppleNASDAQ:AAPLrevamping its effortsRecent data suggests that iPhone shipments in India soared in the first quarter.The new iPhone SE is still fairly expensive in India. Image source: Apple.Apple leads the ultra-premium categoryYesterday, Counterpoint Research released estimates that showed India's broader smartphone market growing % to million units in the first quarter. Volumes were marching steadily higher in January and February, but then the coronavirus outbreak extracted a toll on March volumes after the Indian government initiated a drastic lockdown on the entire population of . billion people in an effort to combat the disease.Counterpoi
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