BackApple raises iPhone prices after customs duty hike
Prices of top iPhone models have gone up by an average of 3.5% after the customs duty hike, except for iPhone SE which Apple assembles in India
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New Delhi: Prices of top iPhone models have gone up by an average of 3.5%, except for iPhone SE which Apple Inc. assembles in India, after the government raised import duty on mobile phones by five percentage points on Friday.
When contacted, the company confirmed the change in prices, which are reflected on its website as well.
While the starting price of an iPhone 6 is up by Rs1,280 to Rs30,780, the most expensive iPhone X is dearer by Rs3,720 and will cost over Rs1.05 lakh. The cheapest iPhone 8 will now cost Rs66,120 instead of Rs64,000.
In an attempt to boost local manufacturing and employment, the government on Friday raised customs duty on various electronic products including mobile phones, microwave ovens and cameras. For handsets, customs duty was raised from 10% to 15%.
This, the government hopes, will give local manufacturers a cost advantage over imports, besides raising customs duty collections.
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