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Why have the prices of Apple devices increase?

Asked on 05-02-2018 by Anonymous

Answered by NewsBytes

FM, Arun Jaitley announced that the customs duty on imported mobile phones will be increased from 15% to 20%. Since Apple imports over 80% of the smartphones, the company has decided to increase the prices. This is not the first time, Apple has increased the prices; in December, when import duty on smartphones was increased to 15% from 10%, iPhone prices were increased.

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