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Technology Stocks : Apple Inc.

AAPL 267.26

-1.4%

Jan 5 3:59 PM EST

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From: Moonray	11/6/2012 12:59:19 PM
	of 213178

Is India getting Apple fever? FORTUNE -- "Nowhere in India will you see this kind of queue to buy a smartphone." -- TV reporter, Mumbai, Nov. 2 India may be the fastest-growing mobile phone market in the world, but it's been hostile territory for Apple ( AAPL). In a country of 1.2 billion that buys 15 million cell phones a month, Samsung commanded a 51% share of the smartphone market in Q2, according to IDC, while the iPhone's share shrank to 1.2% -- half of what it was the year before. Which is what made Friday's launch of the iPhone 5 in India so surprising. At elaborately staged events in New Delhi, Mumbai and Bangalore -- complete with models, starlets and disco music -- buyers queued up hours in advance, a sight unusual enough there to be considered newsworthy. (See videos, below.) More at: tech.fortune.cnn.com o~~~ O

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