In the Union Budget 2018, it was announced that customs duty on mobile phones will increase from 15% to 20%. This means that brands that ship their phones from outside India will have to pay more taxes. Eventually, the customers will have to bear the brunt as brands will increase the price of their devices to maintain their profit margins. Apple as we know ships around 80% of its smartphones from outside India and thus, it has announced a marginal price hike for its iPhone lineup.
Below is the list of updated prices for iPhones:
|Model Name||Old Price||New Price|
|iPhone 6 32GB||Rs. 30,780||Rs. 31,900|
|iPhone 6s 32GB||Rs. 41, 550||Rs. 42,900|
|iPhone 6s 128GB||Rs. 50,660||Rs. 52,100|
|iPhone 6s Plus 32GB||Rs. 50,740||Rs. 52,240|
|iPhone 7 32GB||Rs. 50,810||Rs. 52,370|
|iPhone 7 128GB||Rs. 59,910||Rs. 61,560|
|iPhone 7 Plus 32GB||Rs. 61,060||Rs. 62,840|
|iPhone 7 Plus 128GB||Rs. 70,180||Rs. 72,060|
|iPhone 8 64GB||Rs. 66,120||Rs. 67,940|
|iPhone 8 256GB||Rs. 79,420||Rs. 81,500|
|iPhone 8 Plus 64GB||Rs. 75, 450||Rs. 77,560|
|iPhone 8 Plus 256GB||Rs. 88, 750||Rs. 91,110|
|iPhone X 64GB||Rs. 92, 430||Rs. 95,390|
|iPhone X 256GB||Rs. 1,05,720||Rs. 1,08, 930|
As usual, the iPhone SE won’t be subjected to the price increase as it is manufactured in India. Eventually, the Cupertino giant will look forward to assemble all of its smartphones in India to avoid the increasing customs duty levied on smartphones.
It is also to be noted that this price hike is imposed on the MRP of these phones. So you can still hope to buy them at lower prices via online or offline retail stores. You can also get cashbacks and discounts on iPhones during occasional sales on e-commerce sites.
Last year in December, the custom duty on smartphones was hiked from 10% to 15%. Even then, Apple had increased the price of iPhones. So, for Apple and all the other brands that don’t ‘Make in India’, this will be the second price hike in a matter of 3 months.