Apple Iphone: In a significant move for the Indian market, Apple has reduced the prices of its iPhone models by 3-4% following a reduction in import duties on components from 20% to 15%, as announced by Finance Minister Nirmala Sitharaman. The price cuts apply to various models, including the iPhone 15 Pro Max, iPhone 15, iPhone 15 Pro, iPhone 14, iPhone 13, and iPhone SE.
Price Reductions on iPhone Models
While Apple has yet to officially announce these new prices on its India website, sources from India Today Tech reveal the extent of the price cuts. The reductions range from ₹300 for some models to ₹6,000 for others. Notably, this marks the first time Apple has slashed the prices of the current Pro models in the Indian market.
New Prices for iPhone Models:
- iPhone SE: Previously ₹49,900, now ₹47,600 (₹2,300 reduction)
- iPhone 13: Previously ₹59,900, now ₹57,600 (₹2,300 reduction)
- iPhone 14: Previously ₹69,900, now ₹69,600 (₹300 reduction)
- iPhone 14 Plus: Previously ₹79,900, now ₹79,600 (₹300 reduction)
- iPhone 15: Previously ₹79,900, now ₹79,600 (₹300 reduction)
- iPhone 15 Plus: Previously ₹89,900, now ₹89,600 (₹300 reduction)
- iPhone 15 Pro: Previously ₹1,34,900, now ₹1,29,800 (₹5,100 reduction)
- iPhone 15 Pro Max: Previously ₹1,59,900, now ₹1,54,000 (₹5,900 reduction)
Manufacturing Expansion in India
In addition to the price cuts, Apple is planning to expand its manufacturing operations in India. According to a report by Moneycontrol, Apple will begin manufacturing the iPhone 16 Pro and iPhone 16 Pro Max models in India for the first time. Currently, Apple manufactures the iPhone 15, iPhone 14, iPhone 13, and iPhone SE in India. The Pro models are not yet manufactured locally.
Impact on Indian Market
Apple’s decision to cut prices and expand manufacturing in India aligns with its strategy to increase its market share and make its products more accessible to Indian consumers. The price reductions, although not yet reflected on the official website, are expected to be implemented soon across various online and offline retailers.
With the implementation of these price cuts and the local manufacturing of more models, Apple is poised to strengthen its foothold in the Indian market, offering more competitive pricing and catering to a broader consumer base.
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