iPhone Price Cut: The effect of the gift given by Finance Minister Nirmala Sitharaman to smartphone customers in the budget presented on July 23 is now visible. Apple has reduced the price of iPhone. Now you can buy many models of iPhone cheaply. In the budget, the Finance Minister has cut the duty charge on imported smartphones by 5 percent. The Finance Minister has reduced the basic custom duty from 20 percent to 15 percent. The Government of India imposes 20 percent import duty on mobile phones imported from abroad, which has been reduced to 15 percent. iPhone Pro models like iPhone 15 Pro and iPhone 15 Pro max along with many smartphone models of Google are imported in India.
Prices fell by up to Rs 6,000
Now Apple has cut the price of its iPhone models in India by 3 to 4 percent. According to TechCrunch, this has brought down the price of iPhones of many models by up to Rs 6,000. Along with iPhone 13, 14 and 15, the prices of iPhone 15 Pro and Pro Max have come down. In this way, Apple has dropped the prices of the current generation Pro models in India for the first time.
iPhone shipments in China decreased
The fall in iPhone prices has come at a time when iPhone shipments in China have decreased. In the quarter ended June, iPhone shipments in China fell by 6.7 percent. India is a major market for Apple. Apple is constantly expanding its manufacturing base in India. The market share of iPhones in India is also increasing continuously. As the country is getting economic prosperity, more and more people are buying iPhones. In the fourth quarter of last year, Apple’s market share in India was in double digits.
