After lowering import taxes in South Asia, Apple lowered the prices of its iPhone models by 3 to 4 percent in India. The price cuts start at 300 rupees ($3.6), which is about $3.6, and go up to 6,000 rupees ($71.7) for the iPhone 15 Pro and Pro Max lines.
This is the first time Apple has dropped the prices of the Pro models from this generation in India. India cut the basic customs duty on cell phones from 20% to 15% in its yearly budget earlier this week, which led to this move.
Statistics from the industry show that the price cut comes at a time when fewer iPhones are being shipped in China. This week, Canalys said that Apple’s smartphone sales in China dropped by 6.7% in the June quarter.
Apple didn’t have anything to say.
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Apple sells a lot of products abroad, and India, which has the most people in the world, is one of its most important markets. In India, where the economy is getting better, the iPhone’s market share is also going through the roof. In India’s smartphone market in Q4 of last year, Apple had a double-digit share. However, UBS and Counterpoint say that share has dropped to about 5% since then.
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