Apple has announced an increase in the prices of iPhones in India by an average of almost 3%, days after the Indian government increased the customs duty from 15% to 20%.
Second price hike in less than two months
Apple has increased the prices of the iPhones for the second time in less than two months. The first hike in iPhone prices was announced in December last year after the Indian government increased the customs duty to 15% from 10%.
In the Union Budget 2018-19, the Indian government announced an increase in the customs duty from 15% to 20%, but this would be only applicable starting on 1 April this year. Regardless, Apple has gone ahead and announced the second hike in prices even before the new customs duty rates come in to effect.
Prices of all iPhones increased except iPhone SE
Apple has increased the prices of all iPhone models except the iPhone SE – this is because the iPhone SE is currently made in India. This price hike comes at a time when Apple’s India manufacturing partner Wistron is close to starting a new manufacturing facility in Bengaluru.
This article was sourced fromTechRadar