Saudi retailer Jarir joins rival to pin hopes on iPhone sales

Saudi retailer Jarir joins rival to pin hopes on iPhone sales

Saudi Arabia's Jarir Marketing Co. expects Apple's new iPhones to help boost its sales, joining a rival retailer in pinning their hopes on the product.

The iPhone launch will be "very helpful for us in the fourth quarter,“ chairman Muhammad Al-Agil said in an interview with Bloomberg TV. "There could be a challenge on the consumer wallet, but we think it might end up to be marginal.“

Apple unveiled its latest range of iPhones on Tuesday, a product line that Wall Street expects will kick off a new cycle of sales growth for the world's largest technology company. The phones should draw interest from Saudi Arabia's relatively young population, boosting sales at retailers such as Jarir and United Electronics Co.

Jarir, whose business also involves books and computers, reported a 16 per