Apple's first India-made iPhone SE is here; is this the new price?
Apple's first-ever iPhones assembled in India will be available in stores as early as this week or the next.
Key highlights:
- Apple just completed a trial-run of the first-ever iPhone assembled in India
- iPhone SE available for around Rs 20,500 ($320)
- iPhone SE was supposed to be the cheapest smartphone of Apple
Apple just completed a trial-run of the first-ever iPhone assembled in India. This means the company is one step closer selling Made in India iPhone SE.
Media reports suggest that Apple Inc has begun initial production of a small number of iPhone SE handsets in Bengaluru and will begin shipping India-made devices this month itself.
Congratulations to @Apple for commencing iPhone assembly in India. Big boost to mobile manufacturing @_DigitalIndia.
— Secretary MeitY (@SecretaryMEITY) May 17, 2017
Assembling the iPhone SE will mean price drop?
Certain Indian resellers are already offering the iPhone SE for around Rs 20,500 ($320) which is less than the Rs 25,500 ($399) Apple charges for the phone in the US.
Wall Street Journal said that an Indian government official it spoke to hopes that the price of iPhone Se assembled at this plant could be lower by as much as $100.
ALSO READ: Apple's iPhone in India to get cheaper with Bengaluru manufacturing unit?
This would mean that the price of the iPhone SE could come down to around Rs 14,000.
The iPhone SE was supposed to be the cheapest smartphone of Apple, but is still out of reach to many in India. Bringing the phone to even Rs 16,000 could help it become more affordable.
The average smartphone price affordable for Indians is around Rs 9,600 ($150), according to IDC.
ALSO READ: Won't allow you to sell used iPhones in India, Govt tells Apple again
This means that it will be well above the minimum price range but will be affordable who are now spending Chinese-based smartphones such as Oppo, Vivo, Motorola, Xiaomi and OnePlus.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
12:40 PM IST