Retail terms for the iPhone have been changed in India. Apple announced that it has cut the credit period it gives retailers in the region to seven days, and is reducing its margin by .5 to 1.0 percentage points. Typical terms for Indian retailers from top smartphone manufactures include a credit period of 14-15 days. With 2% of the Indian market, Apple feels secure enough to offer margins of 9% to 11% in the country.
One Indian retailer said that the change in terms will allow Apple to give consumers various payment options. The manufacturer could offer the iPhone in India to consumers willing to pay equal monthly installments for the device.
source: EconomicTimes via BGR