According to a new report by Bloomberg, Apple is currently exploring the idea of selling used iPhones in India, again. Bloomberg cited key figures who claim to have knowledge of the alleged talks with the Indian government. The report suggests that Apple will be refurbishing iPhones in India and will follow every regulation imposed by the government in order to sell smartphones for the Indian market.
Currently, India and Apple have been negotiating terms for manufacturing iPhones in India and have developed a close relationship in the recent past. Just last week it was announced that Apple would begin production of iPhone in Bangalore as early as end of April. This move was undertaken in order to sell cheaper iPhones in India and enjoy higher profits by appealing Apple products to a wider audience. Apple has not officially commented on their endeavors in India and future plans.
Tim Cook shared during the recent earnings calls that India’s growing middle class could be essential to Apple’s success in the country and their long-term performance. Apple has suffered losses in China and the company is now looking at international markets to make up for some of that loss.
According to Cook, India is one of the most important and fastest growing economies and believes that Apple’s appeal amongst Indian citizens could grow with the economy.
Apple has flirted with the idea of selling used iPhones in India last year. However, it was met with stringent objections by both Indian smartphone manufacturers Micromax as well as Samsung. Apple stated that by selling used iPhones in the country, they could offer available handsets at an affordable price as compared to a brand new iPhone. However, Apple’s efforts were met with disagreement and came to no conclusion.
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