TravelNewsJunkie
For consumers, such a purchase is cheaper since apart from a lower maximum retail price, no taxes have to be paid on these phones. The price difference due to such arbitrage can be as much as 40%.
Apple India saw sales grow by 93% during the October-December quarter against the same period a year ago, as restrictions on international flights prevented frequent fliers from buying the devices abroad at lower prices. This was the highest growth in sales recorded by Apple in India.
Trade analysts estimate that around 65-70% of iPhones sold in India are not sold through normal retail channels. Traders, who travel to countries like the US or the UAE on a regular basis, buy devices there and sell them in the Indian market. For consumers, such a…
