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RJio's buyback option on latest iPhones may boost Apple's India presence

Apart from possibly lifting Apple sales in India, the move could also draw more high-paying customers to the Jio network

Reuters 

Reliance said on Friday that customers of its Jio telecoms unit who buy the latest Apple iPhone models from partner stores could sell them back in a year at a guaranteed price, a move that could help the U.S. tech firm expand in India. The offer, which comes during the Indian festive season when discretionary spending typically rises, assures customers buying iPhone 8, 8 Plus and iPhone X models through Jio that they will get back 70 percent of the cost after a year of use. Apart from possibly lifting Apple sales in India, the move could also draw more high-paying customers to ...

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First Published: Mon, October 02 2017. 08:53 IST