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"Apple has cut margins on the iPhone x case X from 6.5 per cent to 4.5 per cent for large retailers like us, and if a customer pays by card, which is usually the case, the margin reduces to almost 1.5 2 per cent," said Subhash Chandra, managing director at Sangeetha Mobile to ET. "Apple gives the least margins. How on earth do they expect the retailer to work for them for free our overheads are anywhere around 10 per cent," Chandra added..

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