【】

India’s push to invalidate much of its cash earlier this month has taken a toll on several businesses including smartphone sales, but at least, one player, Apple will have little to complaint about.
Following India’s Prime Minister Narendra Modi’s major announcement, Apple sold more than 100,000 iPhones in India in three days, according to industry estimates cited by the Economic Times.
SEE ALSO:India's futile attempt to go cashless is a reality check for our dream epayments futureWith demonetization of Rs 500 and Rs 1,000 currency notes, the Indian government aims to curb "black money", or the cash that remains unreported to tax authority. Following the announcement, some rushed to shopping malls to purchase gold and other luxury items including iPhones to get rid of the their existing stash of currency bills while they could.
The development comes amid other smartphone manufacturers are feeling the pain of demonetization on their revenues. Indian Cellular Association, the lobby body of handset manufacturers asked the government last week to allow use of now-defunct notes for purchase of handsets, saying that the cash crunch has costed them a staggering 50 percent drop in sales.
Counterpoint Research expects the market to shrink by 10 percent in the quarter between October and December. Though Apple is also likely losing on some of the potential customers who are now hesitating to purchase an iPhone, the sudden interest for iPhones in many has likely overshadowed that loss.
The Cupertino-based company would appreciate the sales jump in India, one of the handful places that Apple hopes will turn into a big market. At its fourth quarter earnings, Apple CEO Tim Cook had stated big expectations from India, adding that the sales of iPhone grew in the country by more than 50 percent during the most recent year.
TopicsAppleiPhone
相关文章
Give your kitchen sponge a rest on this adorable bed
Our kitchen sponges do a lot of work. Don't they deserve a good night's rest?"Sure," said design stu2025-04-04- 傑拉德麵臨空前下課危機,阿森納 、曼城 、萊斯特城車輪戰維拉_球員_的結果_西漢姆聯隊www.ty42.com 日期:2022-08-30 07:01:00| 評論(已有349767條評論)2025-04-04
C羅和那不勒斯越來越近 ,沒人拒絕一億買球員 !斯帕萊蒂吐真言
C羅和那不勒斯越來越近,沒人拒絕一億買球員!斯帕萊蒂吐真言_曼聯_門德斯_熱身www.ty42.com 日期:2022-08-30 07:01:00| 評論(已有349770條評論)2025-04-04- 三連勝,皇馬升至積分榜首位_阿梅尼_本澤馬_比賽www.ty42.com 日期:2022-08-30 07:31:00| 評論(已有349779條評論)2025-04-04
Xiaomi accused of copying again, this time by Jawbone
Imitation is not always the best form of flattery.。 SEE ALSO:Xiaomi's MacBook Air clone is called, w2025-04-04泰山隊最新海報,郝偉帶隊衝擊10連勝,主題明確,射手傷勢成疑
泰山隊最新海報,郝偉帶隊衝擊10連勝,主題明確,射手傷勢成疑_比賽_進行_大連www.ty42.com 日期:2022-08-30 11:01:00| 評論(已有349842條評論)2025-04-04
最新评论