iPhone Price Cut in India
On July 26, 2024, Apple announced substantial price cuts for its iPhone models in India. The move follows the Indian government’s decision to reduce customs duty on mobile phones and related components from 20% to 15%. The price cut is a direct result of this policy change, making iPhones more affordable for Indian consumers.
Price cuts on iPhone models
Apple has reduced the prices across almost all iPhone models. Here’s a detailed breakdown:
- iPhone 15 Pro and Pro Max: These models saw the most substantial price cuts, ranging from ₹5,100 to ₹6,000. The iPhone 15 Pro 128GB model now costs ₹1,29,800, down from ₹1,34,900.
- iPhone SE 3: The budget-friendly iPhone SE 3 has seen a price reduction of ₹2,300 across all its variants. The 64GB model now starts at ₹47,600.
- iPhone 13 and 14 Series: Both series received a ₹300 reduction across various storage options. For instance, the iPhone 13 128GB model is now priced at ₹59,600, down from ₹59,900.
Here’s a detailed table of the new pricing:
| Model | Old MRP (INR) | New MRP (INR) | Price Change (INR) |
|---|---|---|---|
| iPhone SE 3 64GB | 49,900 | 47,600 | 2,300 |
| iPhone SE 3 128GB | 54,900 | 52,600 | 2,300 |
| iPhone SE 3 256GB | 64,900 | 62,600 | 2,300 |
| iPhone 13 128GB | 59,900 | 59,600 | 300 |
| iPhone 13 256GB | 69,900 | 69,600 | 300 |
| iPhone 13 512GB | 89,900 | 89,600 | 300 |
| iPhone 14 128GB | 69,900 | 69,600 | 300 |
| iPhone 14 256GB | 79,900 | 79,600 | 300 |
| iPhone 14 512GB | 99,900 | 99,600 | 300 |
| iPhone 15 Pro 128GB | 1,34,900 | 1,29,800 | 5,100 |
| iPhone 15 Pro 256GB | 1,44,900 | 1,39,800 | 5,100 |
| iPhone 15 Pro 512GB | 1,64,900 | 1,59,700 | 5,200 |
| iPhone 15 Pro Max 256GB | 1,59,900 | 1,54,000 | 5,900 |
| iPhone 15 Pro Max 512GB | 1,79,900 | 1,73,900 | 6,000 |
Impact of reduction in customs duty
The reduction in customs duty from 20% to 15% has significantly impacted the prices of iPhones in India. The change is part of the government’s broader strategy to make electronic products, including smartphones, more affordable for Indian consumers. The duty cut is aimed at boosting sales volumes and promoting digital adoption in the country.
Read Also: Oppo K12x 5G Launched In India: Price, Specs, And Availability
Why some models have seen a big cut
The biggest price cuts have been seen on imported iPhone models, particularly the iPhone 15 Pro and Pro Max, as these models are not yet assembled in India. In contrast, models made in India, such as the iPhone 13 and 14, have seen lesser cuts, as their assembly in the country reduces import costs.
What it means for consumers
For consumers, the price cut translates into significant savings, especially for those looking to buy the latest iPhone models. The reduction comes just in time for the festive season when electronics sales typically increase. This time is beneficial for consumers, who can avail additional discounts during sale events such as Amazon’s Great Indian Festival or Flipkart’s Big Billion Days.
Tips for Buyers
If you are considering buying an iPhone, now is a great time. However, it may be worth waiting for upcoming festive sales to get a better deal. Retailers often offer additional discounts, cashback offers and bundle deals during these periods, bringing down the effective price of the device further.
Conclusion
Apple’s recent price cuts on iPhones in India, due to a reduction in custom duty, provide consumers with a significant opportunity to upgrade their device at a lower cost. With savings of up to ₹6,000 on premium models, this is an ideal time for both new buyers and those looking to upgrade. Don’t forget to check out the deals and offers to maximize your savings.
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