Inside India newsletter: Apple set to take a bigger bite of the world’s second-largest smartphone market

Apple's upcoming iPhone launch is expected to further solidify its presence in the Indian smartphone market, which is the second-largest globally. The company's strategy to expand its footprint in India is timely, as several Chinese brands that currently dominate the market are facing sales challenges. This development could mark a shift in the competitive landscape of the Indian smartphone market.

The Indian smartphone market has been largely dominated by Chinese brands such as Xiaomi, Oppo, and Vivo. However, these companies have been struggling with inventory management and sales due to the economic slowdown and intense competition. Apple's ability to capitalize on this weakness could lead to a gain in market share, although it still has a relatively small presence in the country compared to its global market share.

To watch next: The performance of Apple's new iPhone models in India and the responses of Chinese smartphone brands to regain their market share. Investors should also monitor the overall Indian smartphone market's growth trajectory and how it contributes to Apple's global sales. Additionally, the competitive dynamics between Apple and Chinese brands will be crucial in determining the future market leaders in India.

Originally reported by cnbc.com. LargecapNews adds analysis for finance & markets readers.