Writankar Mukherjee, reporting for ETtech:
Top smartphone distributors, led by Ingram Micro and HCL, are entering the business of selling refurbished smartphones in the country where they will refurbish old handsets sourced locally and then sell them, which will help them bypass government restriction of sourcing old phones from abroad.
Ingram Micro is launching the refurbished handsets under its own brand focused on iPhone. The company, which will also offer six months warranty on these handsets, has tied up with third-party manufacturers such as Dixon Technologies for this, an executive said. The pricing will be 40%-60% lower than the current selling price for a new model.
I don’t know how to react to this.