Apple iPhone 8 launched, buyers to get 70% of price when selling it back to Jio

Reliance Jio has a big surprise for those interested in buying Apple's iPhone 8 in India. Jio will buy back Apple Inc's latest iPhone models from its customers within a year for 70 percent of the retail price of the smartphone, the company announced on Friday.

Reliance chairman Mukesh Ambani's son Akash Ambani said the buyback offer would be available for customers of iPhone8 or iPhone 8 Plus through Reliance Digital, Jio.com or the Jio Store.

Under this scheme, users will receive 70 percent of the purchase price of the devices upon using it with a Jio SIM