Russia’s Megafon to buy at least 750,000 Apple iPhones over next 36 months

“Russia’s second-biggest mobile phone operator, Megafon, said it would buy at least 750,000 iPhones from Apple Inc over the next three years for resale through its retail network,” Maria Kiselyova reports for Reuters.

“Megafon signed an agreement with Apple’s Russian subsidiary in January, returning to a direct partnership with the U.S. company after a break of several years, but did not disclose the contract terms at the time,” Kiselyova reports. “Apart from guaranteeing purchases, the Russian company also committed to spending around 1 billion rubles ($28 million) on marketing, advertising and promotion of Apple smartphones over the three-year period to the end of 2016, it said in a 2013 financial report released on Wednesday.”

Kiselyova reports, “Sergei Libin, an analyst at Raiffeisen Research, said the volumes agreed by Megafon and Apple were reasonable. ‘Based on MTS’ estimates, in the fourth quarter alone around 650,000 iPhones were sold in Russia. If the smartphones sales’ dynamics and iPhone’s share of this market do not change dramatically, around 8 million iPhones could be sold in Russia during the next three years, and Megafon’s share will be just over 9 percent…'”

Read more in the full article here.

[Thanks to MacDailyNews Reader “Bill D.” for the heads up.]

21 Comments

    1. As to “The Impaler” complement, for now:
      1) number of victims from illegal international aggressions by Putin: 0 (zero, zilch, nada);
      2) number of victims from illegal international aggressions by Obama: over 2000, including hundreds of children (drone strikes).

      Of course, Putin is authoritarian and huge corrupter, and he is cynical politician who uses conservatism to stay in power and abuse civil liberties, but in international deals, he is much less an impaler than some Western “democracies”.

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