iphone discount
On July 23, the Modi 3.0 government presented the general budget for the financial year 2024-25. In this budget, the government made such a masterstroke that the price of Apple’s iPhone automatically decreased by 4 percent.
Now you must be wondering what happened in the budget that the price of iPhone has come down by 4%. So let us tell you that in this general budget, the government has reduced the import duty on electric gadgets from 20% to 15%, after which the price of the latest model of iPhone has come down by 4%.
iPhone Pro and Max models become Rs 5100
For the first time, Apple has reduced the prices of all iPhone Pro models by 3-4%. The company has passed on the benefit of reduction in import duty from 20% to 15% in the budget to the customers. This reduction will start from Rs 300. There will be savings of Rs 5,100 to Rs 6,000 on buying Pro or Pro Max models. The prices of Made-in-India iPhone 13, 14 and 15 have also been reduced by Rs 3,000, while iPhone SE has become cheaper by Rs 2,300.
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Apple usually discontinues the old model after launching the new generation of Pro model in the market. Dealers and resellers give discounts only on the old Pro model. iPhone sales are increasing in India, while declining in China. In 2023-24, Apple’s sales in India grew by 33% to Rs 67 thousand crore. In April-June this year, the company exported a record Rs 32 thousand crore from here.
iPhone out of China’s top 5 smartphone companies
Apple’s iPhone has struggled to maintain its popularity in China. Despite heavy discounts offered by retailers, iPhone sales have declined in China. iPhones are now out of the list of top-5 smartphones in China. iPhones are facing tough competition from Chinese brands like Huawei. According to market research firm Canalys, iPhone shipments in China declined by 4% in the last quarter, while according to Counterpoint Research, this decline was 5.7%.
This is the first time in 4 years that Apple has been out of the top-5 in the Chinese market. Apple’s revenue fell by 10% in the March quarter due to weak demand for iPhones in China. iPhone sales in the Chinese smartphone market fell by 19% in the January-March quarter.
