Apple S Challenge In India Made Tougher By Second Import Tax Hike In Two Months
In a move which hit Apple harder than other smartphone brands, India increased the import tax on smartphones from 10% to 15% in December. Less than two months later, it has just decided to increase the rate again, this time to 20% … Bloomberg reports that the decision was detailed as part of a budget announced today. Import tax hikes hit Apple particularly hard as it currently imports all models other than the iPhone SE....