The reported new price of the Apple iPhone 4S (16GB) is Rs. 41,400, while the iPhone 4 (8GB) now bears a price of Rs. 28,300, indicating a drop of Rs. 3,100 and Rs. 9,600, respectively. The iPhone 3GS, as announced, has been discontinued.
We expect the iPhone 5 to hit the Indian market by November this year, and to bear pricing similar to, or a slightly higher than the iPhone 4S pricing at launch, in November last year starting from Rs. 44,500 for the 16GB model.
The demand for the iPhone 5 in India is quite high, with the device selling briskly in the grey market and via online retailers, who are charging a hefty premium for the device, with prices as high as Rs. 1,00,000 for the 64GB model.
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