“In today’s Economic Times (India’s leading business newspaper), there is an article out on how poorly Apple (AAPL) iPhones have sold in the January through March 2013 quarter based on so-called research from IDC. According to the analyst there, Apple sold a mere 120,000 iPhones in the March 2013 quarter versus 230,000 in the October through December 2012 quarter,” Jay Somaney writes for Seeking Alpha.
“That is impossible based on my chats and store visits over the last few weekends here in India,” Somaney writes. “According to one store manager at a Reliance Digital, probably the largest reseller of Apple products in India; ‘Apple is now (since the marketing blitz, promo offers and installment plans) selling significantly more smartphones compared to what it sold in the last four years combined.'”
Somaney writes, “In addition, another research outfit, Strategy Analytics estimates that approximately 10 million smartphones were sold in India in the first quarter of 2013, making India the third largest market for smart phones behind the USofA and China. IDC claims that AAPL share dropped from 4.7% in the December 2012 to 2.1% in the March 2013 quarter. If IDC is correct on market share and Strategy Analytics is right on the number of smart phones sold in India in the March quarter, it would translate to 210,000 phones sold by Apple in the March quarter.”
Read more in the full article here.
MacDailyNews Take: Wouldn’t be the first time. Won’t be the last.
[Thanks to MacDailyNews Reader “Jose” for the heads up.]
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