Apple announces cuts in iPhone prices after Budget move on customs duty

Apple has reduced the price of iPhone 15, iPhone 14 and other models in India following a reduction in the import duties. Consequently, the prices of some of Apple's most popular models have seen a price drop from as little as Rs. 300 to as high as Rs. 6,000. This development comes a week after the government of India announced a decrease in the basic customs duty on smartphones from 20 percent to 15 percent during the Budget 2024.

iPhone 15 and iPhone 15 Plus models have received a small price drop of Rs. 300, with the smartphones now retailing at Rs. 79,600 and Rs. 89,600, respectively for the 128GB storage variant. The same price cut amount is applied to the standard iPhone 14 models too, which now start at Rs. 69,000.

The iPhone 13 is the cheapest non-SE iPhone which Apple currently sells in India. Its price has dropped from Rs. 59,900 to Rs. 59,600, also marking a price reduction of Rs. 300. Meanwhile, the iPhone SE (2022) sees its price drop by Rs. 2,300 and is now available for purchase starting at Rs. 47,600.