Apple Products Are Not As Accessible To Consumers In India

Financial News Network
October 05, 2011 AT 2:37 PM
Bloomberg reported that Apple (NASDAQ:AAPL) products aren't as accessible in India because consumers are not able to buy iPhones, iPads and iTunes songs from company stores or its website.Nokia (NYSE:NOK) and Research in Motion (NASDAQ:RIMM) sell more devices in India, where smartphone shipments are expected to grow nearly 70% a year until 2015, which helps to mitigate market-share losses in the U.S. and Europe. India has 602 million active subscribers.Apple (NASDAQ:AAPL) has a potential upside of 34% based on a current price of $372.8 and an average consensus analyst price target of $499.57.