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Nokia Corporation Message Board

  • derek22_us derek22_us Mar 1, 2013 8:00 AM Flag

    Apple Threatened With Higher Smartphone Tax: Corporate India

    From Gloomberg.

    Apple Threatened With Higher Smartphone Tax: Corporate India
    By Kartikay Mehrotra - 2013-03-01T10:40:51Z

    Smartphone sales in India may suffer from a higher tax on handsets costing more than $37 just as Apple Inc. (AAPL) steps up efforts to tap demand for data services in the world’s second-largest mobile-phone market.

    Finance Minister Palaniappan Chidambaram yesterday said he would raise the excise tax on high-end phones to 6 percent from 1 percent to help finance welfare programs for the country’s poor and fund the widest budget deficit among the largest emerging economies. Samsung Electronics Co. (005930), which sells the Galaxy range of smartphones, said the move “won’t have a positive impact” on the mobile-phone industry and will force customers to pay more.

    Nokia has an inexpensive phone that us just what is needed.

8.07-0.01(-0.12%)3:50 PMEST

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