Budget 2018: Apple’s iPhone to get dearer, broader phone market may not see any hike
NEW DELHI: Get able to shell out extra for Apple’s iPhone as finance minister Arun Jaitley has hiked customs obligation on cellphones from 15% to 20%.
A lot of the different telephones, nevertheless, is not going to see a worth hike as firms corresponding to Samsung, Xiaomi, Vivo, Oppo and Lava are manufacturing in India.
The hike in Price range 2018 comes shut on the heels of a latest improve in customs obligation to 15% from 10%.
Sources in Apple stated that the corporate is trying into the potential of a worth hike, although no choice has been taken thus far.
The corporate had elevated costs by 2.5-Three% when customs obligation was raised beforehand.
There would, nevertheless, be no change within the costs of iPhone SE that’s manufactured in Bangalore.
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