Though the Canalys report did not provide numbers on how many smartphones Apple shipped in the fourth quarter of 2016, Counterpoint Research said the iPhone maker came in 10th in the smartphone rankings for the quarter, although it led market share in the premium segment. Analysts point to the iPhone's high price point as an obstacle in Apple's attempts to expand its presence in India. Gartner's research VP, Mark Hung, told CNBC's " Street Signs " on Wednesday, "Apple needs to bring the prices further down in India so that it's more (affordable) to a greater populace."