You may get part refund for jio 4 g phone before 3 years
You may get part refund
for Jio 4G phone before 3
years. Here's why
The terms for the scheme could be announced in
next few days.
LATSET NEWS : Reliance Jio may soon announce a scheme offering buyers of its 4G phone the
choice to return the handset before the specified time period of three years and in return get a
partly refund. The terms for the scheme could be announced in next few days, according to a
Economic Times report.
The pre-bookings for the phone will start on August 24.
The phone was introduced as "India ka Smartphone" and launched at an "effective price" of Rs 0.
The catch was that buyers would have to shell out a refundable, upfront deposit of Rs. 1,500 for
the device (which is refundable after three years).
However, the phone may fail to match up to Jio's expectation, if some reports are to be believed.
JP Morgan, in a report, said that in India where there is the prevalence of multi-SIM phones and
the pre-paid monthly churn stands at around 5 per cent, it may be unrealistic to expect consumers
to embrace single-SIM phones and get locked in for three years with them. "In all likelihood, if the
consumer can afford to pay at least Rs 153/month for three years, she is quite likely a smartphone
user well before this three-year period runs out," JP Morgan said in a report.
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