Here's some bad news for all you Apple fanboys who shop for Apple products directly from the company. According to reports, Apple has decided to skip on offering any kind of finance option on its new flagship iPhone 6 and iPhone 6 Plus in India.
As revealed, the latest decision from the Cupertino-based tech giant comes at a time when the iPhone maker is already facing unprecedented demand for the handsets. And that's putting a lot of pressure on supply.
While Apple has been known in the past to have tied up with the likes of Bajaj Finance and Capital First to offer zero-interest finance scheme on most of its products, it seems like this current scheme has not been extended to the new products that were only recently launched.
"Apple has not tied up with us for the new products launched as they do not want to be seen as stimulating demand when they are not sure of enough supplies," said Rajiv Jain, chief executive at Bajaj Finance, as reported by TOI.
"The company will continue with this arrangement for this quarter and will review possibilities of offering any interest subvention scheme with NBFCs in the January quarter only," it adds.
Apart from that, two senior executives close to Apple's operations in India said the company will be evaluating the decision not to offer financing options for the new iPhones in the January quarter.
"Apple does not want to take a hit in its margins with interest subvention with the new iPhones, which are selling like hot cake and the demand is more than supply," one of the executives said.
Stay tuned to GizBot for more updates!