Apple iPhone 8 launched, buyers to get 70% of price when selling it back to Jio

Akash Ambani said the buyback offer would be available for customers of iPhone8 or iPhone 8 Plus

 

Reliance Jio has a big surprise for those interested in buying Apple's iPhone 8 in India. Jio will buy back Apple Inc's latest iPhone models from its customers within a year for 70 percent of the retail price of the smartphone, the company announced on Friday.

Reliance chairman Mukesh Ambani's son Akash Ambani said the buyback offer would be available for customers of iPhone8 or iPhone 8 Plus through Reliance Digital, Jio.com or the Jio Store.

Under this scheme, users will receive 70 percent of the purchase price of the devices upon using it with a Jio SIM card and returning it after a year. In other ways, this buyback scheme allows iPhone users to get 70 per cent of their money back when they upgrade to next iPhone.The buyback offer is valid for one year.

This partnership between Apple and Jio brings two companies that have revolutionised their respective industries, because we both think customer first," said the Ambani scion.

Chairman of Reliance Industries Mukesh Ambani and Apple Chief Executive Tim Cook addressed people through video messages.

Cook spoke about the partnership with India's newest telco and the customisation that the latest devices from stables of Apple have for India.

"We’ve added new keyboards for India so we now support 11 local languages, and iPhone now takes dictation in Hindi. We’re excited to be building so many new relationships in India, including tens of thousands of developers across the country now writing apps for iOS," the CEO added.

The newly launched phones from the stables of Apple will be available for purchase from Friday onwards at a starting price of Rs 64,000....Read More

Will iPhone X hurt iPhone 8 and 8 Plus sale? Here's what experts say

Apple unveiled both iPhone X and iPhone 8 models, with the "super-premium" iPhone X starting at $999

 

As Apple gets ready to ship iPhone 8 and 8 Plus before it opens iPhone X for pre-orders, a top analyst with Taiwanese business group KGI Securities has warned that iPhone X will cannibalise iPhone 8 orders.

According to Ming-Chi Kuo, the most famous analyst with KGI Securities when it comes to Apple, it is very likely that iPhone X demand will cannibalise iPhone 8 pre-orders.

"While it takes three to six weeks or more to ship new iPhone models after they are available for preorder, they see the iPhone 8 taking less than one to two weeks. This is due to the iPhone X cannibalisation," streetinsider.com quoted the analyst as saying late on Monday.

Apple unveiled both iPhone X and iPhone 8 models, with the "super-premium" iPhone X starting at $999.

Ming, however, said the new Apple Watch Series 3's (GPS + Cellular version) could be a runaway hit.

"We estimate the preorder weighting of the GPS + Cellular version is 80-90 per cent. While not available in all countries, most users have pre-ordered the GPS + Cellular version because it offers phone and internet access functions without an iPhone and given the low premium of $70 over the GPS version," the analyst predicted.

According to the Verge, while Apple Watch shipments are well below iPhone shipments, investors should start keeping tabs on this new product, with shipments expected to surge much higher than previous generation models.

Apple would launch iPhone 8 and iPhone 8 Plus, starting Rs 64,000, in India on September 29 while pre-bookings will start on September 22.

The iPhone X will come to India on November 3, starting Rs 89,000.

Apple Watch is available in two different case sizes, 38mm and 42mm from September 29 in India.

Apple Watch Series 3 (GPS) will be available in gold, silver and space grey aluminium cases with a Sport Band, starting at Rs 29,900.

Apple iPhone 8: Curved screen, dual-camera and everything we know so far

Apple is expected to launch the iPhone 8 at the company's 10th anniversary

 

Apple is one smartphone manufacturer that enjoys to be among a fair share of rumours every year. And, if the rumour mill is to be believed, Apple has already started working on the design language, feature sets and hardware of the next generation of its iPhone, speculated to be named the iPhone 8 and expected to be launched later this year.

Given that Apple has been using the same design language for past three generation of iPhones – iPhone 6, iPhone 6S, iPhone 6 Plus, iPhone 7, and iPhone 7 Plus – it is expected that the iPhone 8, or the next iteration, would make a design shift and be built right from scratch. Apart from the design language, there is also a lot of buzz around the hardware and software enhancement aspects of the iPhone.

Let’s take a quick look at the top speculations about the next iPhone:

Variants

According to speculations, Apple is currently testing at least 10 prototypes of the so-called iPhone 8 with different screen sizes, camera set-ups, battery capacities and display resolutions.

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Display

The anniversary edition of iPhone 8 is speculated to feature a large curved display, 5.7-inch to 5.8-inch in size. According to reports, the iPhone 8 could feature a display covering the entire front. The fingerprint scanner, earpiece, sensors and front camera might move behind the display. It is, however, difficult to understand how the company will make that possible.

If Apple covers the entire front with the display, it will reduce the iPhone 8 size remarkably – something that the tech community has been suggesting for a long time, considering that the top and bottom bezels on the iPhone 6 and iPhone 7 series are huge.

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