Thursday, March 28, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsGadgetsApple iPhone, Mac price goes down in India: GST impact?

Apple iPhone, Mac price goes down in India: GST impact?

Follow Tech Observer on Google News

After GST implementation, technology giant Apple has slashed prices of iPhone, iPad and Mac in India

Google News

Amid growing cohort to support Prime Minister Narednra Modi government recently roll-out , US-technology giant seems to have slashed the prices of its some of the products in India. Now, the 7 Plus with 256 GB version is available at Rs 85,400. According to PTI, this is cheaper than earlier price tag of Rs 92,000. Similarly, price of iPhone SE (128GB) has been reduced by Rs 2,200 to Rs 35,000, reported news agency.

The new price is upto 7.2% lower than previous iPhone prices. The 12.9-inch Pro (512GB) price has come down from over Rs one lakh to Rs 97,000 now. According to report, Apple has not attributed the price reduction to GST.

Under GST, smartphones is being taxed at 12% as compared to an earlier range of 8-18% depending on the states. In addition, the government has also introduced a 10% basic customs duty on mobile phones and certain parts, in a bid to promote domestic manufacturing. But home-grown smartphone makers have not announced any major reduction in their smartphone prices.

According to multiple estimates, Apple has a 44% share of the premium market (USD 400 and above), while rival Samsung had 41% share in the January-March 2017 quarter. Other players in the category include the likes of OnePlus, LG, Sony and HTC.

Apple's revenue grew more than 20% in India in the quarter ended March 2017. Acknowledging that Apple is “underpenetrated” in India, CEO Tim Cook has said the US tech giant is strengthening its local presence in the country and is optimistic about its future given the fast-growing economy and improving 4G network infrastructure in the country.

Earlier, Economic Times reported that GST would not impact the smartphone makers as most of the device makers have told the business daily that they are not either reducing or increasing the price of their products on account of GST roll out in India. “However, retailers are hesitant to stock up new products in first few weeks of July due to initial market fluctuations GST would cause, reported Deccan Chronicle. The news daily said, as a result, the two Nokia models scheduled to be launched within the first two weeks of July are expected to get delayed.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

How AI power struggle opens up new frontier in global geopolitics

The far-reaching influence AI has on information processing, national security, military operations, the economy, and strategic decision-making is set to reshape the geopolitical landscape and redefine the power dynamics between nations.

RELATED ARTICLES