Home Technology News GST Impact: Apple increases iPhone Prices in India

GST Impact: Apple increases iPhone Prices in India

Followed by Xiaomi, Apple has also increased the prices of mobile phones in India. The new prices will be effective starting today i.e. 01st April, 2020. 

The increase can be much attributed to the increase in GST rates by a whopping 50% on mobile phones in India. The Indian government had recently revised the GST rates on Mobile Devices from 12% to 18% effective 01st April, 2020. 

The company’s flagship device, The iPhone 11 Pro now starts at Rs. 106,600 against the earlier price of Rs. 1,01,200. Similar to the iPhone 11 Pro, the prices of iPhone 11 Pro Max have been increased by Rs. 5,900 to Rs. 1,17,100 against the older price of Rs. 1,11,200. The budget friendly new iPhone 11 introduced last year now starts at Rs. 68,300 against the earlier price of Rs. 64,900 while the older iPhone XR now starts at Rs. 52,500 against the earlier price of Rs. 49,900. All these phones start with a storage capacity of 64GB.

The entry level mobile phone from the company, The iPhone 7 32GB now comes at a price of Rs. 31,500 against the earlier price of Rs. 29,900.

The revised prices have been updated on Apple India’s Official Website.

It is for the second time that Apple has announced an increase in iPhone prices in India this year. Earlier in March, 2020, Apple announced an increase in iPhone prices in India due to increase in Basic Custom Duty (BCD) and the withdrawal of earlier exemption under the BCD. 

Companies like Xiaomi and Oppo have also increased the prices due to GST rate increase while the trend will soon be followed by the other companies in the Industry.

Also Read: How to maintain your Vehicle during Lockdown?

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