Apple wanted to start the sale of used iPhones in India, one of the largest markets of the US giant, to give a push to its falling sales. Apple is facing tough competition from mobile companies that offer devices at much cheaper rates.
The Consumer Electronics and Appliances Manufacturers Association had written to the telecom ministry opposing Apple’s decision on the ground that it is against the anti-dumping rules of India. Though India is the third largest market for Apple, the company is facing a setback in the country due to slow networks and informal retail structure. Apple’s revenue has declined for the first time in 13 years.
“But I view India as where China was maybe seven to ten years ago from that point of view, and I think there’s a really great opportunity there,” Apple CEO Tim Cook said recently.