Post-customs duty hike Apple hikes iPhone prices in India
After the government hiked the customs duty from 10 per cent to 15 per cent for mobile handsets last week, Apple on Monday became the first manufacturer to raise prices (on MRP) across iPhone models. "As expected, Apple has increased the iPhone prices. The interesting thing now is to see how the Indian Apple community react to this," Tarun Pathak, Associate Director, Mobile Devices and Ecosystems, Counterpoint Research, told IANS. iPhone X lovers will have to spend Rs 92,430 for the 64GB variant, which was earlier available for Rs 89,000. The 256GB variant will now cost Rs 1,05,720 from the earlier price of Rs 1,02,000. Industry analysts had said that Apple had two choices after the customs duty hike -- either to increase the prices or start assembling more in the country. -PTC News
