Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Vs Samsung: Apple At War With Samsung In India

Apple Vs Samsung: Apple Inc. (NASDAQ:AAPL) does not make it a habit to compete on price alone. While the company is not opposed to price cuts on some products and offering deals on others, it is safe to say that it is never going to sit at the bottom of the market as far as cost is concerned.

Apple Inc (AAPL)However, Apple Inc. (NASDAQ:AAPL) is finding itself in the middle of a price war with Samsung in India. While the two companies are slugging it out for supremacy across the globe, things in this country are just beginning to pick up.

We have talked about both company’s offering discounts as a means of attracting a growing number of customers.

If you want to learn more about this, check out this article:

Apple Inc. (AAPL) Actually Does Lead Samsung In This Key Metric

Here is a brief excerpt, showing what Apple Inc. is trying to do:

“In an attempt to drum up loyalty for the Apple Inc. (NASDAQ:AAPL) brand, Cupertino has been announcing a buy-back program for its older iDevices, giving current Apple customers cash back for their older iDevices and that cash could be applied toward the purchase of a newer iDevice. Apple has started that program in India in recent weeks as that country has grown exponentially in the company’s favor in the past year – as we reported earlier, Apple profits are projected to triple in India over the same period a year ago while revenues are expected to be up 250 percent to nearly $1 billion in that country alone.”

At the time, Apple Inc. had a great idea. However, Samsung was not to be outdone. Instead, earlier this month the company’s biggest rival said it would offer a 15 percent discount to consumers who purchase one of its smartphones or Galaxy tablet.

In other words, Apple Inc. (NASDAQ:AAPL) was first to the party and Samsung is looking to outdo them.

According to an article by the Wall Street Journal, “one of the major deterrents to Apple in India has been the high price of its products.”

It is safe to say that Apple is aware of this, and that is why the company is offering a discount program for potential buyers.

According to the same WSJ article, based on a Canalys estimate, revenue for Apple Inc. (NASDAQ:AAPL) in India between October 2012 and September 2013 could reach $1 billion.

Do you think Apple Inc. is on the right track in India? Or will the company eventually lose out to Samsung? Share your thoughts in the comment section below.

Check back here for more updates on Apple Vs Samsung.

DISCLOSURE: I have no positions in any stock mentioned.

For more news stories, visit these pages:

An Important Decision Awaits BlackBerry’s Shareholders

HTC Smartphone Sales Not Going As Expected

Who is the Best iPhone Carrier?

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.