Will Agressive iPhone 12 Pricing Kill Apple's Prospects in This Market?

Will Agressive iPhone 12 Pricing Kill Apple's Prospects in This Market?
Will Agressive iPhone 12 Pricing Kill Apple's Prospects in This Market?
Harsh Chauhan, The Motley Fool

Apple's (NASDAQ: AAPL) latest-generation iPhone 12 seems to have struck the right chord with customers, according to reports about the initial response to the specs on new devices. Noted Apple analyst Ming-Chi Kuo estimates that iPhone 12 preorders are more than double iPhone 11 levels (only two of the four iPhone 12 phones are currently available for preorder). While that's great news for Apple and a testament to the company's aggressive pricing of the 5G iPhone line-up, there's one crucial market where the new smartphones are priced exorbitantly: India.