Apple Tries to Sell Used Phones in India
CNBC reports that Apple‘s application to sell refurbished iPhones — aimed at boosting sales in India and countering a slowdown of its sales in China — has yet to be approved, as India typically requires single-brand retailers to source at least 30 percent of their raw material needs from local suppliers. Currently, Apple sells products in India through distributors.
India’s minister of finance, Arun Jaitley, told CNBC in an interview, “Now am I to be concerned with job creation or not? Or am I only to allow foreign companies to sell products in India and not create jobs in India?” Exceptions could be made in certain cases of specific high-technology areas, and the government would take a call on whether Apple’s application met this criterion or not, he added.
Jobs creation is a key component of the “Make in India” initiative promoted by the government to encourage foreign manufacturers to set up shop in India.