WhatsApp Forward:
Today I watched Jio AGM, they announced Jio smart feature phone..
I calculated the profit for Reliance. This will not be accurate, but I made it with my knowledge as far as I know some information about Jio..
My calculations are weak but I am still trying.. if I miss something or I do any mistake, plz let me know..
There are 50 crore feature phone users out there, assume 10% of the people will get convert to Jio feature phone who will pay ₹1500 as refundable security deposit.
That means, 5,00,00,000 x 1500 = ₹75,00,00,00,000
All the money will be refundable by 36 months..
He is straight way getting this much money only if 10% people will get convert. 10% is the lowest minimum possible..
Now suppose he invest the money as fixed deposit @ 7% p.a.
75,00,00,00,000 x 7% x 3 years = ₹15,75,00,00,000 ..............(1)
This will be interim profit he will get only with the interest..
Now Suppose 50% of the people decides to return their device after 36 months..
2,50,00,000 x 1500 = ₹37,50,00,00,000
The money he will need to refund to the people..
But in 36 months, 50% people who are returning their smart phone, will recharge their no by ₹153..
2,50,00,000 x 153 x 36 = ₹1,37,70,00,00,000 ................(2)
Addition of (1) and (2)
15,75,00,00,000 + 1,37,70,00,00,000 = ₹1,53,45,00,00,000
This will be the straight gross profit for Jio in just 36 months..
This is called master plan..
Whatsapp forwards lol
No costs are involved. Only profit. Jai ho.
