If you are planning to purchase iPhone 15 or iPhone 16, then be prepared to pay more than you thought, as the prices of Apple iPhones are likely to be hiked, and the reason behind it is the recent developments in the market, which indicate that the prices of Apple iPhones are likely to be hiked in India due to various factors, as reported by Times Now.
Though Apple is expanding its manufacturing facilities in India, the components of the iPhone are being imported in large numbers.
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Why prices may increase
One of the most important reasons for this potential increase in the final selling price of the older iPhone devices is the import charges for the components. Although the devices are manufactured in India, the high-end components of the iPhone are imported, and as a result, there are customs charges for them.
In addition, there are also GST charges of 18% for smartphone devices in India, resulting in a significant increase in the final selling price of the devices.
Another important factor contributing to the increase in this increase of the price of the iPhone devices in India is the global factors. The changing geopolitical landscape is affecting the manufacturing strategies of companies like Apple, which is ultimately resulting in a significant increase in manufacturing costs.
As a result, the company is bound to increase the prices of its devices in very important markets like India. It has also been reported that even older versions of the iPhone, such as the iPhone 14 or 13, may increase by a few thousand rupees.
What it means for buyers
For the consumer, it means that if they are delaying purchasing the product, they may have to pay more in the future. The prices of iPhones in India are already higher compared to other countries such as the US or Dubai. This is mainly due to the imposition of tax on imported components.
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It is also possible that Apple may provide discounts or exchange offers on their products during the festive season. This is also an indication of the changing scenario in the world of smartphones, in which the prices of high-end devices are rising due to financial challenges.
