Twitter

Facebook

Youtube

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Rashtriya Sahara Roznama Sahara
Apple hikes iPhone prices in India post-customs duty hike
Last Updated : 18 Dec 2017 07:43:15 PM IST
Photo: Apple
Photo: Apple's iPhone
 

After the government hiked customs duty from 10 per cent to 15 per cent for mobile handsets last week, Apple on Monday became the first smartphone manufacturer to raise prices (on MRP) across iPhone models, except iPhone SE that the company assembles in Bengaluru.

"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 .

 

"This is also an indication that Apple needs to look seriously as far as manufacturing in India is concerned," Pathak added.

 

Authorised Apple resellers in the capital also confirmed that the price hike is now in place.

 

iPhone X lovers will have to shell out 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.

 

The iPhone 8 will now be available for Rs 66,120 (64GB variant) and Rs 79,420 for the 256GB variant. The iPhone 8 Plus will cost Rs 75,450 for 64GB variant and Rs 88,750 for the 256GB variant.

 

An Apple official had told  last week that the government's decision to hike the customs duty is a statutory industry-wise hike.

 

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.

 

The Cupertino-based iPhone maker is also seeking tax relief and other incentives from the government to begin assembling more handsets in the country.

 

Apple is currently assembling the iPhone SE model at its Bengaluru facility with Wistron Corporation, its Taiwanese manufacturing partner.

 

According to Pathak, domestic and some China-based manufacturers will not be affected as much as most of them are assembling a lot in the country, including the South Korean giant Samsung, and they just need to rev up their assembly lines.

 

Samsung told  that "the customs duty hike is a government decision and there is no comment from the company on this".

 

According to Faisal Kawoosa, Principal Analyst, Telecom and ESDM, CyberMedia Research (CMR), the hike in handset prices will depend from player to player.

 

"Any player which is ready to absorb the import duty hike will not raise the price. Those who are already manufacturing in India will take a call before passing the burden on the consumers. Players like Apple had no choice but to hike the prices as they don't make or assemble in the country except iPhone SE which hasn't become a growth enabler for them," Kawoosa told . 

 

_

_SHOW_MID_AD__



IANS
For Latest Updates Please-

Join us on

Follow us on


What binds the two most talked about nations - India and Pakistan together? What makes the

Bollywood actress Sonakshi Sinha is enjoying her marital bliss. On Monday, the actress too

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

172.31.16.186