Reliance Jio + Apple Iphone, Iphone Buyback Offers : Here is what all you need to know

Reliance Jio has joned hands with Apple in order to acquire more users for its telecom network. They have recently announced their partnership in which the Jio has offered to buy back the new models of Iphone at a very attractive price. Customers of Iphone 8/ 8Plus or Iphone X who recharge with Rs.799 every Month, Reliance will buy back the high end phones after a duration of 12 months. This offer will enable customers to get 70 per cent of the price of their Iphone. But a big question which now arises is that – can this really boost the telecom market in the country?

Here are 10 things you must know about the Apple Reliance Jio offer.

1. 1. By launching this offer, Jio network can attract high paying customers in the market.
   2. It is first ever that such a hefty buyback price is being offered by Reliance to attract high on spending apple phones.
   3. Jio is working hard to woo value conscious buyers by offering Jio phone. low cost 4G phone can also be bought for Rs.1,500.
   4. A person does not have to pay any penalty for downgrading to a cheaper plan or exiting from  the contract mid-way. But then customer will lose out on the buyback offer.
   5. Customers have to recharge of Rs.799 per month i.e telecom industry’s monthly average revenue per user is just Rs. 80/- during April June Quarter.

1. Apple is one of the biggest smartphone sellers in the world, the problem was the handsets are too pricey so many people are not able to afford them.
2. By joining hands with Reliance Jio, Apple is attempting to grow in Indian Market.
3. Analysts doubt this strategy of Apple to gain a position in the India market, as now also iPhone can sell their phones for 50 t0 60 per cent of less cost in the second hand market.
4. For Apple it is very vital as there is slow growth in China.
5. The deal will place Apple’s iPhone in Reliance and Jio retail Stores in 900 cities pan India, giving the company a chance to boost its meager 3 per cent market share and close the gap with market leader Samsung electronics.