Apple falls 70% short of iPhone sales goal in India: Report
According to a report by Bank of America Merrill Lynch, technology major Apple failed to meet its target of selling 10 million iPhones in India by 2016-17, missing the goal by about 70%. Approximately 70-75% of smartphones sold in India are priced under â¹9,700 ($150), while just 7% are in the 'high-end' bracket of over â¹19,400 ($300), the report added.