New Delhi, May 6: A 56-year-old man was arrested at the New Delhi International airport for allegedly carrying 100 iPhones X handsets. He was intercepted by the customs officials when he arrived from Dubai. The seized phones are around Rs 85,61,169.
Additional Commissioner of customs at the airport, Amandeep Singh, said to DNA that hundred iPhone X handsets worth a total of Rs 85.61 lakh were seized from his baggage after a thorough search. Police have received a tip-off about a man carrying hundreds of iPhones.
The mobile phones were seized under Section 110 of the Customs Act, 1962, and the man was arrested under Section 104.
According to PTI, Apple earned USD 150 billion and USD 34 billion in earnings for the first half of its fiscal year. Last week Apple Inc reported resilient iPhone sales in the face of waning global demand and promised $100 billion in additional stock buybacks, reassuring investors that its decade-old smartphone invention had life in it yet.
“Additionally, the increase in import duty on CBUs (completely built units) to 20 percent during the quarter, led to an increase in prices of already expensive iPhones,” Counterpoint Research said in its report. The premium segment accounts for 4 percent of the overall smartphone market in India and three brands — Samsung, OnePlus and Apple — contributed to 95 percent of the overall share in the segment, the report said. In India, there is a huge demand for iPhones. People loved its features and advance technology.
(with PTI inputs)