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Saturday, 30 September 2017

Reliance's buyback option on latest iPhones may boost Apple's India presence

Source: www.venture.name --- Friday, September 29, 2017
By Sankalp Phartiyal and Promit Mukherjee NEW DELHI/MUMBAI (Reuters) - India's Reliance said on Friday that customers of its Jio telecoms unit who buy the latest Apple iPhone models from partner stores could sell them back in a year at a guaranteed price, a move that could help the U.S. tech firm expand in India. Apart from possibly lifting Apple sales in India, the move could also draw more high-paying customers to the Jio network. Cupertino, California-based Apple is keen to sell more iPhones in India, one of the world's biggest smartphone markets, but the high cost of its handsets has kept higher-end iPhones in particular out of the reach of hundreds of millions of Indians. ...



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