rtmark
LearnBonds.com

Apple Inc. (NASDAQ:AAPL) Asks iPhone Fans in India to Spend More

Apple Inc. (NASDAQ:AAPL) iphone

Apple Inc. fans in India will have to spend a lot of money for the new iPhones. The device is scheduled for launch in India on Oct. 16, which is 3 weeks after it was released in many western countries, and will cost more in India than in any other country, says a report from CNET.

Apple Inc (AAPL) iPhone 6s Deals

New iPhones- very costly

The entry-level 16GB iPhone 6S is priced at Rs. 62,000 which equals to $955, AU$1,310 or £620. The top version 128GB 6S Plus is priced at Rs. 92,000 or about $1,415, AU$1,950 or £925. If we make use of the top and bottom models as reference points, we notice a huge difference in the prices in India and other countries.

The 16GB iPhone 6S costs $649 in America, AU$1,079 in Australia and £540 in the UK. This means that Indians are paying $306 more than Americans, AU$231 more than Australians and £80 more than those in the UK, the report says. For the 128GB 6S Plus, the Americans are required to pay $949, which is less by $466 than what the Indian fans will pay.

raw_html_snippet id=”top yielding cds”]

It could prove very costly for Apple Inc. to price its devices such high in the Indian market, which is known to be price-sensitive. Many analysts believe that the US firm could alienate almost all its prospective user base in India with such expensive phones. Though Samsung has a good presence in India with its Galaxy S flagship devices, the budget phones from Chinese handset maker Xiaomi and those offered by local brand Micromax are the most popular.

Apple Store now in India

Separately, Apple Store is finally coming to India, if not a full store we can at-least expect a few counters with the signature wooden tables. The US firm has partnered with Croma, a Tata-owned consumer electronics chain, for debuting in India. Initially, Croma will be hosting Apple at six of its locations.

Avijit Mitra, CEO of Infiniti Retail, which owns Croma, said, “We are proud to partner Apple to launch the Apple Store in India and extremely bullish about it.” Apple’s India stores will be modeled on the global design, offering the best experience to the consumers along with showcasing the entire range of Apple Inc. products.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.

X

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

TRADE WITH ETORO

75% of investors lose money when trading CFDs.

Leading Social Trading Platform with 0% Commission
TRADE WITH ETORO

75% of investors lose money when trading CFDs.

HTML Snippets Powered By : XYZScripts.com