We've often written about calls for Apple to produce a low-cost iPhone suitable for emerging markets, such as China and India. Now comes even more evidence for such a move as China and India are among the world's top three smartphone markets and are estimated to become the leading markets for smartphones by 2018.
Even more worrisome is Apple's declining share of those markets. In China, Apple's most important market, the iPhone fell from fifth place to seventh as local smartphone makers Huawei and Xiaomi grab more share. Meanwhile, in India, rival Samsung has more than a third of the smartphone market, which Apple has heavily invested in terms of marketing resources and newly-designed payment options...