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Apple will sell thejust launch iPhone 16 Pro lineupin India at prices close to 15,000 rupees ( $ 178 ) lower than its predecessor ’s launch prices , as it extends the benefits from reduced import tariff and expanding local manufacture to consumer . The companyunveiled the newfangled phone at its Apple Event 2024 on Monday .
The iPhone 16 Pro and Pro Max fashion model now start at 119,900 rupees ( $ 1,428 ) and 144,900 rupees ( $ 1,725 ) severally , compared to their iPhone 15 Pro counterparts , which were priced at 134,900 rupee ( $ 1,606 ) and 159,900 rupee ( $ 1,904 ) at launching . Apple is retaining the same price as last year in most other geography , according to Bernstein .
This terms reduction follows India ’s late decision to lower moment duty on electronics and Apple ’s expanding local manufacturing operations in the country . In July , Apple hadalready decreased prices of its pro iPhone 15 models in India by 3 % to 4 % .
Apple will soon commence sale of India - made iPhone 16 and iPhone 16 Pro models in the country , although initially it will swear on imports for the Pro models , consort to a someone familiar with the matter .
India has emerged as a cardinal overseas market for Apple . Apple ’s revenue from Indiajumped 42 % to $ 8.7 billion in 2023from a class in the beginning , according to Morgan Stanley .
iPhone freight in India climb 39 % to 9.2 million units in 2023 , making it the company ’s fifth - largest market for its phones . India ’s market for iPhones is larger than any single country in the European Union , Morgan Stanley added .
Apple ’s contribution of the state ’s smartphone market is also surging as the domesticated economy meliorate . The company’smarket share had reached double digitsin Q4 last class , though the share has fall in the quarter since , according to UBS .
