As per the research note that was written by Gene Munster an analyst, Appleinsider shared the fact that it seems to be that the Indian Market seems to have a lot of potential and hopes for Apple considering the fact that the smartphone market of India is still untapped. This means that there is a good opportunity for the company to grow in the following years to come.

It is believed that the groundwork has already been laid by the company so that their entire product line can be introduced. This includes an internet service backbone, software as well as hardware. The Chinese market seems to mirror the potentiality of the Indian market by other key growths. The recent studies citing that as per the notes of Munster, it seems to be that around 11.25 billion citizens of the country which is round 17% are owners of a smartphone. In 2015, the market share that Apple held was between 3‐5%.

If you look at the comparisons of the Chinese landscape, this is a far cry as the percentage rates penetrate to around 1.37 billion customers which is around 58%. Though the reports pertaining to the share that Apple holds in the Chinese market seem to disagree, however the reference that has been used by Munster was the figures of the IDC of10‐15% by quarter. AS per the calculations made it can be seen that In India, the number of iPhones that was sold hit around 4 million, however during the same period, the company managed to sell around 56 million approximately in the Chinese market. As per the present base of the annual smartphone’s in India, it is being said that Apple would need to add at least around 10 million more customers onboard so that they can increase their market share to same level as China.