Saturday, April 23, 2016

Apple Hikes iPhones Prices by 29% in India

Apple launched iPhone SE in India earlier month starting at Rs 39,000 now Apple has increased prices of iPhones in India. The surprise revision in retail prices comes at a time when the company's new device SE got a poor response and managed to sell only a few thousand units. And, the hike is as steep as 29% for the iPhone 6 device.

 "It was felt that SE, which was criticized for having a 'high price tag', will not be able to see much traction if prices of bigger-sized iPhone 6 and 6S devices are not corrected. So, the decision was taken to revise the price upwards

While 16GB version of 4 inch SE made its debut at Rs 39,000, a similar specced (16GB) version of iPhone 6 is available at Rs 31,000 and 6S at Rs 40,500. "After the revision, iPhone 6 costs Rs 40,000 and 6S comes for Rs 48,000. We are trying to build a healthy buffer," the

company also decided to tinker with pricing of iP hone 5S, making it costlier by 22% to nearly Rs 22,000 against Rs 18,000 at present. Apple has also come out with corporate offers and EMI plans to push sales.

Apple recently held a meeting with top executives and key distributors in India, especially in view of the launch of SE. "The stock of SE was in any case kept at a low level," a source said. "A strategy is being worked out to pitch the device more effectively."

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