Customs officers at Delhiās Indira Gandhi Worldwide Airport have confiscated 12 iPhone 16 Professional Max smartphones from passengers arriving from Dubai. This incident highlights ongoing efforts to smuggle the newly launched Apple gadgets into India resulting from worth variations.
What Occurred: Customs authorities at Delhiās IGI Airport seized 12 iPhone 16 Professional Max models from 4 passengers on an Indigo flight from Dubai. The passengers allegedly tried to smuggle the premium smartphones into India by concealing them in tissue papers.
Delhi Customs shared the small print of the seizure on social media platform X. On the identical day, one other incident concerned a girl arriving from Hong Kong with 26 iPhone 16 Professional Max models hidden in an arrogance bag.
See Additionally: Controversial Umpiring Decision Sparks Debate In India Vs New Zealand Womenās T20 World Cup Match
The iPhone 16 Professional Max, which launched globally final month, is priced decrease in Dubai and Hong Kong, prompting smuggling makes an attempt. In Dubai, the cellphone begins at AED 5,099 (roughly ā¹1,15,900), in comparison with ā¹1,44,900 in India.
Why It Issues: The smuggling of iPhone 16 Professional Max models into India underscores the numerous worth disparity between worldwide and home markets.
Not too long ago, Zepto, a fast commerce platform, introduced the supply of the iPhone 16 within 10 minutes in main Indian cities like Bengaluru, Mumbai, Delhi NCR, and Chennai. This service highlights the rising demand and pleasure for Appleās newest choices in India.
Furthermore, Appleās strategic determination to fabricate the iPhone 16 Professional and iPhone Max in India has led to a substantial increase in exports. Appleās iPhone exports from India have reached $5 billion (round ā¹41,985 crore) within the first 5 months of FY25, marking a 54% improve from the earlier yr.
Learn Subsequent: Railway Stock Moved To ASM Framework Stage 3 From Stage 4
Disclaimer:Ā This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
Picture courtesy: Unsplash
Do not miss a beat on the share market. Get real-time updates on high inventory movers and buying and selling concepts on Benzinga India Telegram channel.
Ā© 2024 Benzinga.com. Benzinga doesnāt present funding recommendation. All rights reserved.
Ā
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.