In the article, Himanshu Chakrawarti, CEO of TheMobileStore, a national retail chain that operates 1,000 stores, had this to say:
“Apple understands that installments-based payment is an effective tool for bridging the gap between value and affordability. We started the EMI scheme with Apple early this year and witnessed a three-fold increase in sales.”
It appears that Apple Inc. (NASDAQ:AAPL) has found a way to bring its popular iPhone to the Indian market.
What are your thoughts on this growth in India? Do you like the fact that Apple is using an open distribution model?
Check back here for more updates on iPhone in India.
DISCLOSURE: I have no positions in any stock mentioned.
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