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But that strategy did not work for them in India. Hence they are trying to sell cheaper refurbished models.

Well, they have been doing very well in India too:

http://www.ibtimes.com/once-tough-market-apple-inc-indians-s...

http://timesofindia.indiatimes.com/tech/slideshow/appleindia...

In addition, they're trying to sell cheaper phones there.

I don't think they have even 5% market share. (http://www.theverge.com/2015/11/24/9790810/apple-iphone-indi...). For a global giant its very very poor. Hence the need to sell cheaper mobiles.

>For a global giant its very very poor

Not really, as that's not how they roll. They usually have small market share, but of the highest end / largest margin part of the market.

Those 5% can yield like 30-50% of the profits of the whole smartphone industry in India, and 80% of the high-end (more expensive) smartphone profits.

A company that only targets the high end of the market should be compared to other products/companies in that, not the overall.

come on dude don't keep on changing criteria. Anyway "Not really, as that's not how they roll" this does not hold good. They are trying to get a bigger market share in India. Hence they are trying to selling refurbished mobiles. Which would be cheaper compared to brand new. Emphasis on it been "cheap". They already do that selling gen old mobiles.

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