iPhones could become much more expensive in IndiaThe Indian government has increased import tax duty for phones from 10% to 15%, adversely affecting the pricing of the iPhone.
Apple has steadily been increasing its focus in India as it tries to gain a foothold in the world's second-largest smartphone market. While the iPhone was always an aspirational device for most Indians, its pricing meant that only a few were actually able to afford one. That changed over the course of the last year as Apple teamed up with e-commerce stores to offer aggressive discounts and easy financing options.
The company also expanded its footprint in the country, from setting up an app development center to kicking off manufacturing operations in Bangalore.However, the company also faced significant pushback from the government. Apple applied for a single-brand license to open retail stores in the country, and that bid has been in limbo for over a year.
And now the government has shifted its policy on import duties for phones, hiking up the tax from 1...
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iPhones could become much more expensive in India
