Barely a couple of days back, the indian government announced a hike of 5 % import tax on mobile phones, video cameras, and televisions, Apple has updated prices across the entire iPhone range, apart from the iPhone SE.
On Friday, the government said that mobile imports duties were raised to 15 % instead of 10 %, an increase of 5 % points, as part of a decision designed to help curb supplies from overseas and boost the “Make in India” initiative. On Monday, Apple increased iPhone India prices by around 3.5% across its iPhone range, with the iPhone 6 seeing the highest price increase in percentage terms (4.3%), while the 256GB iPhone 8 has seen a price increase of only 3.1%.
With effect from today, the iPhone 6 is now priced at Rs. 30,780 instead of Rs. 29,500 while the iPhone X will now retail at a new price of Rs. 92,430 instead of Rs. 89,000 for the 64GB variant and Rs 1,05,720 for the 256GB. Now the iPhone 8 Reatl at Rs. 66,120 instead of Rs. 64,000 whereas iPhone 8 Plus retail at Rs. 75,450 instead of Rs. 73,000 earlier. The iPhone 7 and iPhone 7 Plus will now Retail at Rs. 50,810 and Rs. 61,060 respectively, while the iPhone 6s and iPhone 6s Plus starting price will now be Rs. 41,550 and Rs. 50,740 respectively. Apple iPhone SE is the only one in the list which will not be seeing a price hike
As per analysts, Apple imports 88% of the phones to India, so the company had no option but to increase prices after the government’s decision to increase import duty on mobiles and other electronics. However, by itself, the move is unlikely to have a huge impact on Apple’s sales, as buyers in the premium end of the market are unlikely to be deterred by a 3.5 percent hike.
(Read Also: Vivo Y75 comes with 5.7-inch HD+ Display 16MP selfie Camera Launched)
Having said that, Apple is far from the only company that is impacted by government’s move. With import tax on video cameras increased to 15 percent from 10 percent, and doubled to 20 percent for television sets, in addition to the hike in the import tax on mobile phones, expect some other electronics products to become costlier in the near future.