Apple iPhone prices in India has been hiked due to the increase in basic customs duty (BCD) rate. As per the reports, Apple has announced a minor increase in prices of a few of the iPhones in India. All the changes are made due to the increase in duties in the Union Budget 2020.
Apple increases some iPhone prices, iPhone XR, iPhone 7 and iPhone 11 unchanged
According to the news, the prices of iPhones have been increased. The Price of iPhone 11 Pro will increase marginally; the 64GB variant price is now Rs. 1,01,200 and earlier it was Rs. 99,900. The 256GB price is Rs.1,15,200. And the Prices of iPhone 11 Pro series is increased by Rs.1300.
By seeing the hike in iPhone, iPhone 11 Pro Max starting price is Rs.1,11,200 for 64GB variant. The cost of 256GB is Rs.1,25,200. Before the hike in prices, iPhone 11 Pro Max of 64GB variant price was Rs.1,09,000.
The prices of iPhone 8 are also increased. The 64GB variant is now priced at Rs.50,600 and the Rs.55,600 of 128GB. Earlier the price of iPhone 8 was Rs.49,900.
The prices are increased only on a few devices, not on all Apple devices. iPhone XR, iPhone 11, iPhone 7, iPad, Apple Watch and Mac laptops prices are not raised. Apple has joined iPhone XR and iPhone 7 in India, so the costs of these phones did not change. All the other products are imported from China.
The prices of the devices are hiked because of increase in the Basic Customs Duty (BCD) rate. The government in the Union Budget for 2020-21 announced about the Withdrawal of “earlier exemption from BCD/Social Welfare Surcharge”.
As we have reported, the company is working on launching its first online store in India. Tim Cook, the chief executive, said, the company is planning to launch the retail store in India in 2021.
As Apple will open its store in India, it will allow the company to increase its product portfolio.