This Massive Market Could Boost Apple Stock
The arrival of fifth-generation (5G) smartphones has not only supercharged Apple's (NASDAQ: AAPL) biggest product line -- the iPhone -- but is also allowing it to expand its operations and flex its pricing power in a market where it has historically struggled.
India is one of the biggest examples of how 5G smartphones have changed Apple's fortunes in a historically tough market. The price-sensitive nature of Indian customers has made it difficult for Apple to become a sizable player in India so far, but that seems to be changing. Indian English-language business daily The Economic Times reports that Apple is on track to record $3 billion in revenue in India in the ongoing fiscal year that ends in September.
Let's see why that's a big deal for a tech giant that has generated nearly $350 billion in total revenue over the trailing 12 months.
Source Fool.com
