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Technology Stocks : Apple Inc.

AAPL 271.84

-0.4%

Dec 31 3:59 PM EST

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From: JakeStraw	5/25/2016 10:52:17 AM
	Read Replies (2) of 213177

Is Apple Inc. Wrong About India? fool.com Apple's problems in India can be summed up with just two simple facts: iPhones are too expensive and the company is struggling to bring down their price in the country. India is a country with a growing population and economic position, but the average yearly income in India is just under $1,600, according to the World Bank. It's not that Apple is wrong in looking to India for more smartphone growth, it's just that the iPhone's price tag is essentially an insurmountable hurdle right now, and nearly everything the company's done to change that hasn't worked.

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