It does not bode well for Apple's premium image

As I mentioned, as a result of the Tax Cuts And Jobs Act, we recorded a roughly $53 million onetime net tax benefit in the fourth quarter, primarily related to the remeasurement of our net deferred tax liability at a lower corporate tax rate of 21% from 35% previously. second hand iphone 5s Excluding the onetime net tax benefit, net income would have been approximately $19 million in the quarter, while EPS would have been $0.60 per share. Importantly, the reduction in our net deferred tax liability reduces our future cash tax obligation, which is a significant positive for us.Now let's turn to Slide 6 with a brief recap of the full year 2017 results. second hand iphone 6 plus It does not bode well for Apple's premium image in India to keep on selling the iPhone 5s in India. It has reached its expiry date and the phone, which was a pioneer at one point, is well past its prime. 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