Russia's Megafon to buy 750,000 iPhones in 3 years

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. 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. 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.



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