After describing India as having less potential than China, Apple is increasing efforts to compete in the world's second-largest cellphone market. The iPhone maker is now hoping installment payments, coupled with increased marketing can turn single-digit market penetration into a weapon against low-cost Androids.
In full-page ads in the Times of India, Apple calls its unsubsidized $840 iPhone 5 "your dream phone" available for a $93 first payment. Why the big push? The nation's smartphone market is expected to grow five-fold by 2016, setting the stage for the next battle between Apple and Google's free mobile software...