时间：2025-05-01 11:17:23 来源：网络整理编辑：知識
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
Uber's $100M settlement over drivers as contractors may not be enough2025-05-01 10:55
This huge skyline made out of biscuits has a really moving cause2025-05-01 10:27
Jarring art exhibit confronts the harsh reality of female genital mutilation2025-05-01 10:02
5 upcoming esports tournaments we can't wait to check out2025-05-01 09:59
Researchers create temporary tattoos you can use to control your devices2025-05-01 09:38
Dude unexpectedly snaps the perfect sunset wedding photo2025-05-01 09:26
Starbucks has a spicy new fall drink to challenge the beloved PSL2025-05-01 09:24
Beyoncé and Jay2025-05-01 09:21
Dramatic photo captures nun texting friends after Italy earthquake2025-05-01 08:42
Watch Drake get a face full of cake courtesy of Tyra Banks in his new video2025-05-01 08:42
U.S. pole vaulter skids to a halt for national anthem2025-05-01 11:09
High school boy trolls newspaper by dedicating quiz win to Harambe2025-05-01 11:08
India's Ola partners with car maker Mahindra in its race against Uber2025-05-01 11:06
Watch Drake get a face full of cake courtesy of Tyra Banks in his new video2025-05-01 10:56
U.S. pole vaulter skids to a halt for national anthem2025-05-01 10:19
Emoji you should never use during online dating2025-05-01 10:18
Shakespeare's 'black is beautiful' sonnet gets Indigenous translation2025-05-01 10:12
These guys laughing at a new driver are funnier than anything the driver actually does2025-05-01 09:24
J.K. Rowling makes 'Harry Potter' joke about Olympics event2025-05-01 09:00
Finally, a way to vote for the hard2025-05-01 08:44
