Assembled-in-India Apple iPhone SE in stores, but price stays the same
The first even assembled-in-India iPhone SE's make it to stores in India. But there seems to be very little difference in the price that it is offered at.
Key highlights:
- First ever assembled-in-India Apple iPhones became a reality as they rolled into stores
- iPhone SE was priced at Rs 27,200
- Certain Indian resellers are already offer the iPhone SE for around Rs 20,500
The first ever assembled-in-India Apple iPhones became a reality as they rolled into stores on Friday. Photos of the iPhone SE from two shops in India mentioned on the smartphones were assembled-in-India.
The two photos were put up in a tweet by technology journalist Newly Purnell of The Wall Street Journal (WSJ).
This shows that the made in India iPhones are now in stock in stores and are available to people. It is one step closer to Apple opening full production of iPhones in India.
However, this has not reduced the price of the iPhone SE. The assembled-in-India iPhone SE was priced at Rs 27,200 and was manufactured in May 2017.
Certain Indian resellers are already offer 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, according to a WSJ report.
Apple has been pushing for production of its iPhones in India but has been had to wait as it is looking for various concessions form the Indian government.
It was earlier reported in May that Apple just completed a trial-run of the first-ever iPhone assembled in India.
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.
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
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets
08:36 PM IST