Apple is a premium brand, so the price of these smartphones will undoubtedly be much higher. In this post, we are discussing Why iPhones are expensive in India? Yes, and it is. With the new generations of iPhones, Apple continues to raise the price. The new iPhones come with the A12 Bionic chip, the best processor in a smartphone, upgraded cameras, a beautiful super retina OLED screen, and many other great features. But the biggest problem is the price, especially in India.
The starting price of the iPhone Xs in the USA It’s $ 999 and goes up to $ 1,349, while the cost of the iPhone Xs Max starts at $ 1,099 to $ 1,449.
If we convert USD to INR, then the price of iPhone X should start at Rs 73,756, but it is not. It starts at 99,900 rupees. Almost 26,000 more than the US price. UU.
Now let’s talk about the high-end version of the iPhone Xs Max (512 GB). If we convert US dollars to Indian rupees, the price should be around Rs 107,034. But the real cost is Rs 1,44,900, Rs 37,000 more than the US price.
Apple uses simple math for Indian prices. Just multiply the US price. UU. At 100. The answer will be the price of India.
Now let’s talk about this price difference. Why are Apple products more expensive in India than in other countries?
Why iPhones are expensive in India?
It’s no secret that Apple iPhones are always more expensive in India compared to other parts of the world. I wouldn’t be wrong if I said that India is one of the most expensive places in the world to buy an iPhone. This is not just the case with the new iPhone X launch, history says that iPhones have always been the most expensive in India.
With the demonetization and introduction of GST across the country, inflation was expected to decline. But this is not the case; So who drives the prices of an iPhone in the sky in India? Here’s what I looked at.
1. Not having manufacturing plants in India:
Apple sells its products with a massive network of retail stores in India, rather than its official stores, and this is due to India’s foreign direct investment (FDI) policy, which says that any brand must provide 30% of its components locally if you want to open production units in the country. Apple collects its components from various suppliers that are produced in 28 countries. For this reason, many multinational brands like H&M also sell their products at high prices in India.
2. Custom Duty
We know that for each product, India imports a fixed amount of customs duties on the products. On average, the total value of taxes on Apple products paid to the government is 11.43%, which also includes transportation and handling costs.
Not only Apple, I saw a few months ago, but Xiaomi has also increased the price of Redmi Note 5 Pro and Mi TV 4 only by import taxes.
3. Taxes
iPhone accessories such as earphones, chargers are divided into different categories, and these items apply the value-added VAT which is around 12.5%.
After the central government tax, each brand has to pay different taxes in different states of India, and this is probably the reason why iPhone prices are different in different regions of India.
These are the reasons for the iPhone 1.5 rupees lac. However, Apple can lower the price by making some contact with the government or by making iPhones in India. There are some charging issues with new iPhones called #ChargeGate. Hopefully, it will be fixed in future iOS 12 updates. One thing to note here is that Apple doesn’t offer a fast charger adapter on 1 smartphone in rupees of the lake! Few Android brands offer a better charging adapter at the price of 10,000 rupees. Even Apple doesn’t offer a 3.5mm headphone jack! You have to spend extra money to buy this!
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