Apple plans to sell refurbish iPhone in India
Apple
is becoming fastest up-coming brand in India, sales has shown incredible
escalation in past years, this growth has gained Tim Cook's(Apple CEO) interest
in India's Smartphone Market. Hence, he looks upon India as ideal marketplace
for Apple's potential growth in Smartphone sector.
Refurbish
iPhone includes current models which are often returned by the customer. These
defected iPhone are then sent to the factory, where they are repaired. Testing
is done to certify its condition. New IMEI number and warranty is also provided
to these iPhone, hence these phones are launched in the markets with a new
identity.
Selling
refurbish iPhone in India can turn into a success because Indian smartphone
buyers are interested in buying iPhone with such a discounted price.
In India, average selling price of the smartphone comes in the
range of 15k-30k. Selling refurbished phone under this margin can work
perfectly for Apple. Most of the people in India desires to own an apple
iPhone, but die to high cost very few are able to afford it. If Apple is able
to sell their refurbish iPhone under this range then, this step can become a
huge success. With brand value that Apple has, it can easily grab 40% of
smartphone market under this margin.
There is a high odds against Apple that Government of India may
not allow Apple to sell their refurbish phone in India, PM Modi's vision is
"MakeInIndia", selling refurbish phones in India rather then making
iPhone manufacturing plants in India is completely not in favor of BJP
Government's policy. Plus, these old phone will going to generate lots of
e-waste in India.
BJP Government may also face strong lobby from rival brands
against Apple, since this is against "MakeInIndia", rival lobby may
try to convince PM Modi to reject TIM COOK plans.
TIM Cook hopes to get fair hearing and government allowing Apple
to sell refurbish phone in India.
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