Apple cuts iPhone price in India after import tariffs cut

iPhone 15 Pro and iPhone 15 Pro Max are available in four elegant finishes: black titanium, white titanium, blue titanium, and natural titanium.

Apple has cut its prices on iPhone 15 Pro and iPhone 15 Pro Max in India by 3% to 4% after the country’s government lowered import duties on imported smartphones to 15% from 20%.

Manish Singh for TechCrunch:
‎

Apple’s price cuts range from ₹300 (about $3.6) for the made-in-India iPhone 13, iPhone 14 and iPhone 15, ₹2,300 ($27.5) for iPhone SE and to up to ₹6,000 ($72) for the iPhone 15 Pro and Pro Max.

This is the first time Apple has lowered prices on current-generation Pro models in India… The cheapest iPhone 15 Pro model, which costs $999 in the U.S., still costs $1,550 in India.

India has emerged as a key overseas market for Apple, which is increasingly expanding its manufacturing base in the country. Apple’s revenue from India jumped 42% to $8.7 billion in 2023 from a year earlier, according to Morgan Stanley.

iPhone shipments in India climbed 39% to 9.2 million units in 2023, making it the company’s fifth-largest market for its phones. India’s market for iPhones is larger than any single country in the European Union, Morgan Stanley added.

Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
‎
MacDailyNews Take: As we wrote on Tuesday about India lowering import duties on mobile phones and components from 20% to 15%, “This decision is a win for tech giants like Apple, which heavily relies on imports for its high-end iPhones. While Apple has been boosting local production in India, this tariff cut will further reduce costs and potentially lead to lower prices for consumers.”
‎
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!

Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.

The post Apple cuts iPhone price in India after import tariffs cut appeared first on MacDailyNews.