Apple’s iPhone sales in India grow 51%

i phone sales demand increased in the after scrapping the high value notes Rs. 500 and Rs. 1000 on the evening of November 8

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i phone sales mirrored the demand for gold and high-value luxury items that shot up in the first few days following the scrapping of Rs 500 and Rs 1,000 notes on the evening of November 8.

1iPhone sales shot up in India in the three days immediately following demonetisation as consumers rushed to buy these devices with their phasedout high-denomination notes and stores booked sales through back-dated receipts. As per trade estimates, over 1 lakh iPhones were sold in these three days, which is around three-fourth of this handset’s average monthly sales.

“iPhones were sold out in most of the neighbourhood stores after demonetisation. In fact, on that night (of November 8) itself several stores sold iPhones till midnight. Some even sold them at a premium,” said the owner of a leading neighbourhood cellphone store in New Delhi.
KOLKATA: iPhone sales shot up in India in the three days immediately following demonetisation as consumers rushed to buy these devices with their phasedout high-denomination notes and stores booked sales through back-dated receipts. As per trade estimates, over 1 lakh iPhones were sold in these three days, which is around three-fourth of this handset’s average monthly sales.

The spurt in iPhone sales mirrored the demand for gold and high-value luxury items that shot up in the first  ..

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