Apple Stock News
For the latest Apple Stock News, AAPL closed at $150.25 on Wednesday, May 17th, 2017. It had a loss of 3.36% from its previous close of $155.47 per share.
Apple has begun releasing its shipments of iPhone SE manufactured in Bengaluru, India. Bengaluru is the leading exporter of information technology in the country. Hence, some refer to it as the “Silicon Valley” of India. As an emerging market with the second largest population, Apple sees potential. Furthermore, such a market could expose Apple to higher growth in phone sales. Apple aims to become the leading market share holder of smartphones sold in India. Apple may have a lower import tax given the phone’s manufacturing location and its proximity to the Indian market. Currently, Samsung has a 28.1% stake in the market.
The iPhone SE is a compact version of the iPhone. The phone contain features of the iPhone at a much affordable price. Given the competition of smartphones in India is intense, this phone is viewed as a potential popular sell for this market.
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