Apple has hiked the prices of its latest iPhones in India in order to adjust an increase in customs duty on imported mobile phones and chargers as well as social welfare surcharge in the Union Budget 2020.
The price hike got effective from Monday, 2 March, 2020 on iPhone 11 Pro, iPhone 11 Pro Max and iPhone 8 models. The iPhone 11, on the other hand, does not see a change in price. Additionally, there is no hike in prices of iPhone 7 and iPhone XR as these models are manufactured in India.
iPhone 11 Pro current price India:
Following the hike, the iPhone 11 Pro Max has a starting price of ₹1,11,200 for the 64 GB variant, while the 256 GB version costs ₹1,25,200. The 512 GB will retail for ₹1,43,200. Prior to the increase, the 64 GB variant of iPhone 11 Pro Max had a starting price of ₹1,09,000.
iPhone 11 Pro Max current price in India:
Price of iPhone 11 Pro will also increase marginally, with the 64 GB variant selling for ₹1,01,200 compared with ₹99,900 earlier. The 256 GB now costs ₹1,15,200 and the 512 GB will retail for ₹1,33,200. Prices of iPhone 11 Pro series have been raised by ₹1,300.
iPhone 8 current price in India:
Apple has increased the iPhone 8 ₹39,099 price in India. The 64GB storage variant now comes at ₹40,500, while the 128 GB variant will be priced at ₹45,500. Earlier, the iPhone 8 was priced at ₹39,900. Along with that, the iPhone 8 Plus price has also been increased to Rs. 50,600 for the 64GB storage variant, while its 128GB storage variant will now be priced at ₹55,600, instead of its earlier starting price of ₹49,900.
Earlier, mobile phones were exempted from 10% service welfare cess but it will now be re-imposed on imported handsets over and above existing 20% basic customs duty in India.
The government has increased the import duty on PCBA (printed circuit board assembly) from 10% to 20% and chargers from 15% to 20%.
Recently, according to Counterpoint Research's 'Market Pulse', out of the top 10 models, Apple captured six places with iPhone XR being the top-selling model globally in 2019, capturing 3% market share. iPhone XR was also the only model to capture double-digit market share in any region (NAM region -- US and Canada).
Apple is followed by Samsung with three models, all from its A series, among the top 10.