时间：2025-09-16 08:02:17 来源：网络整理编辑：百科
India’s push to invalidate much of its cash earlier this month has taken a toll on several bus
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
Aly Raisman catches Simone Biles napping on a plane like a champion2025-09-16 07:38
The Frenz brainband talks you to sleep with artificial intelligence2025-09-16 07:19
Zoom is laying off 1,300 employees, CEO taking 98 percent pay cut2025-09-16 06:54
New Year's traditions, like eating 12 grapes, are trending on TikTok.2025-09-16 06:38
Michael Phelps says goodbye to the pool with Olympic gold2025-09-16 06:26
Best PSVR2 games: 8 launch games you should try2025-09-16 06:26
Twitter blocked third2025-09-16 05:48
'Daisy Jones and the Six' review: Can this fictional band be your next musical obsession?2025-09-16 05:41
Balloon fanatic Tim Kaine is also, of course, very good at harmonica2025-09-16 05:39
7 burning questions we have for 'You' Season 4 Part 22025-09-16 05:33
Singapore gets world's first driverless taxis2025-09-16 07:52
Looking for something similar to 'The Last of Us'? We've got just the thing.2025-09-16 07:41
Arizona's M3F Festival is a nonprofit, community2025-09-16 07:24
Twitter asks: Which pop culture storylines need to go?2025-09-16 07:24
Tyler, the Creator helped Frank Ocean celebrate 'Blonde' release in a delicious way2025-09-16 07:16
New Year's traditions, like eating 12 grapes, are trending on TikTok.2025-09-16 07:03
24 of the best space movies you can launch right now2025-09-16 07:03
Wordle today: Here's the answer, hints for January 92025-09-16 06:07
Nate Parker is finally thinking about the woman who accused him of rape2025-09-16 05:33
CES 2023: The future of Metaverse and VR depends on these glasses2025-09-16 05:24
