时间:2025-04-26 18:31:18 来源:网络整理编辑:焦點
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
Pole vaulter claims his penis is not to blame2025-04-26 18:03
Amazon Fire Max 11 tablet deal2025-04-26 17:52
CU vs. UM basketball without cable: Game time, streaming deals, and more2025-04-26 17:41
Apple Vision Pro vs. Meta Quest 3: How much does $3,500 really get you?2025-04-26 17:39
This 'sh*tpost' bot makes terrible memes so you don't have to2025-04-26 17:25
How to watch PlayStation 'State of Play': A sneak peek of upcoming games2025-04-26 16:54
Andra Day will sing the 'Black national anthem' at the 2024 Super Bowl2025-04-26 16:44
Wordle today: The answer and hints for January 152025-04-26 16:28
MashReads Podcast: What makes a good summer read?2025-04-26 16:14
Our favorite TikTokkers of 2023: Francesca Scorsese, Meatdad, and more2025-04-26 16:14
Did our grandparents have the best beauty advice?2025-04-26 18:30
Wordle today: The answer and hints for February 172025-04-26 17:55
Survey: AI experts' minds were blown by 2023's AI development2025-04-26 17:43
Lovehoney sale: Up to 60% off + free gift with $60+ purchase2025-04-26 17:28
Snapchat is about to explode in popularity, report says2025-04-26 17:26
E3, the video game expo, officially shuts down forever2025-04-26 17:10
Spotify Wrapped 2023 is here: 5 exciting new features2025-04-26 16:31
Our favorite TikTokkers of 2023: Francesca Scorsese, Meatdad, and more2025-04-26 16:04
Chinese gymnastics team horrifies crowd with human jump rope2025-04-26 16:00
Usher's Super Bowl Halftime Show blew up the internet2025-04-26 15:47