4th Highest Priced iPhones is in India says the Latest ReportsNisha Gowri (Author) Published Date : May 27, 2019 17:33 ET
After countries like Turkey and Argentina, India also joins the list where iPhones are sold at a very high price. In Turkey, the price of the smartphone is 1880 dollars and the price in Argentina is 1776 dollars. The sale of iPhone is not stable because of the Trade war impacts between the US and China. This has forced the iPhone company to hike the prices of iPhones. Several measures are taken to attract the customers of India to buy iPhone yet the price of it is very expensive.
Deutsche Bank has said that India is the 4th country where the price of the iPhones is very dearer. Deutsche's Banks’ Mapping the World’s Prices 2019 Survey, the price of iPhone in India is costlier than in the USA. Brazil has the highest price where it is sold for 2050 dollars. Besides, Nigeria is the only country on the list with the prices of the iPhone is lower than the US. In India, the price of the iPhone is 1635 dollars.
Another step is taken by the company to boost sales in India. It is capitalizing the older iPhones by assembling them in India and selling them at a lower cost. Soon after the Q2 results were declared, Apple CEO, Tim Cook said, “Some adjustments are made in India and the initial results are better”. With some signs of starting the manufacturing of iPhone in India, Apple has come up with the assembling of iPhone7 at the Wistron facility in Bangalore. Wistron facility which belongs the Taiwanese already assembles iPhone 6S in the country. Tim also revealed plans for opening the branded showrooms in India.
4th Highest Priced iPhones is in India says the Latest Reports