This news comes after Finance Minister Arun Jaitley announced an increase in customs duty for imported mobile phones from 15 percent to 20 percent during the Union Budget 2018. In December 2017, the company revised the price of its iPhones when the government increased to customs duty from 10% to 15%.
The increase in MRP is applicable on all iPhone models, except the iPhone SE, which is being assembled in India by Wistron.
"The decline is also partly due to last year's strong quarter when sales of the iPhones spiked owing to demonetization and the high volume of cash transactions", Tarun Pathak, Associate Director, Counterpoint Research, wrote in a blog post.
In terms of best selling models, iPhone X was the leading model in the premium segment, capturing one-fifth of shipments, followed by the OnePlus 5T and Samsung Note 8. We finally have the iPhone 6 with the new price tag of Rs. 31,900 that was previously priced at Rs. 30,780. In December, the iPhone X's price was increased from its original Rs. 1,02,000 to 1,05,730.More news: Finance secretary Dr Hasmukh Adhiadefends LTCG tax at Indian Institute of Management
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It has also increased the prices of Apple Watch by up to Rs 2,510, according to information available on Apple website. The iPhone 6s, launched in September 2015, will start at Rs 42900 for the 32GB variant, while the 128GB version will cost Rs 52100. With the latest price revision, the iPhone 6 (32GB) sees the biggest price jump of 3.6 percent, reported Gadgets360.
Similarly, the 64GB variant of the iPhone 8 is available for Rs 56,790, which is nearly Rs 10,000 cheaper than the revised price of Rs 67,940.
The Apple Watch Series 3 Global Positioning System (38mm) has the new price of Rs. 32,380, up from the previous Rs. 29,900. The iPhone SE is priced at Rs 26,000 (for 32 GB) and Rs 35,000 (for 128 GB). The smaller iPhone 6s has gone up from Rs. 50,660 to Rs. 52,100 for the 128GB variant, while the 32GB model has gone up from Rs. 41,550 to Rs. 42,900. However, the e-commerce sites offer huge discounts on this iPhone, which leads to a starting price of Rs 20,499. Apple Watch Series 3 Global Positioning System 42 mm will cost Rs 34,410 compared to the earlier pricing of Rs 31,900.