Reliance JIO Buy Back Offer On Iphone 8, Plus And Iphone X

Reliance JIO Buy Back Offer On Iphone 8, Plus And Iphone X-1

Reliance Jio is offering to buy back from its customers Apple's latest iPhone models after a year's use for 70 per cent of their price as part of a joint strategy to increase Jio's data sales and help the U.S. firm expand in the Indian market. The move also marks a further escalation of the cut-throat competition in the Indian telecom sector and will bring established telcos such as Airtel and Vodafone under more pressure. The offer will be available to Jio customers who buy the iPhone and subscribe to its Rs 799 monthly package for 12 months. This is the first time an Indian telco is offering such a hefty cashback. The announcement was made on Friday at an event to showcase Jio's launch of Apple's latest iPhones in India, The move could help to raise Apple's market share in India from a mere 3 per cent at present, while Reliance Jio could increase its customer base in the high-spending upper class who can afford to buy Apple smartphones.

: 2017-09-30

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