Apple To Be Biggest Beneficiary Of Import Duty Cuts In Budget 2024: Experts
NDTV
Industry watchers also believe that the latest proposals could result in Rs 2,000-4,000 reduction in prices of some of the premium handsets, including iPhone Pro and Google Pixel, if the companies indeed decide to pass on the benefit of cut in levy to customers.
iPhone maker Apple is believed to be the biggest beneficiary of a 5 per cent reduction in import duty on mobile phones and the move could lead to savings of as much as $35 to 50 million for the tech titan, market experts said on Tuesday.
Industry watchers also believe that the latest proposals could result in Rs 2,000-4,000 reduction in prices of some of the premium handsets, including iPhone Pro and Google Pixel, if the companies indeed decide to pass on the benefit of cut in levy to customers.
Apple imports all the high-end iPhone Pro models that it sells in India, while some other companies import their flagship devices for some period in small quantities and then make them locally.
