[h=1]Apple hikes iPhone prices by steep 29%[/h]By Pankaj Doval, TNN
NEW DELHI: Apple has increased prices of iPhones in India. The surprise revision in retail prices comes at a time when the company's new device SE got a poor response and managed to sell only a few thousand units. And, the hike is as steep as 29% for the iPhone 6 device.
Sources said Apple decided to withdraw some of the discounts offered in January-March 2016 period. "It was felt that SE, which was criticized for having a 'high price tag', will not be able to see much traction if prices of bigger-sized iPhone 6 and 6S devices are not corrected. So, the decision was taken to revise the price upwards," a source said. While 16GB version of 4 inch SE made its debut at Rs 39,000, a similar specced (16GB) version of iPhone 6 is available at Rs 31,000 and 6S at Rs 40,500. "After the revision, iPhone 6 costs Rs 40,000 and 6S comes for Rs 48,000. We are trying to build a healthy buffer," the source added.
The company also decided to tinker with pricing of iP hone 5S, making it costlier by 22% to nearly Rs 22,000 against Rs 18,000 at present. Apple has also come out with corporate offers and EMI plans to push sales.
Apple recently held a meeting with top executives and key distributors in India, especially in view of the launch of SE. "The stock of SE was in any case kept at a low level," a source said. "A strategy is being worked out to pitch the device more effectively."
A potential source of worry for Apple could be a good response to Samsung for Galaxy S7 and S7 Edge smartphones. After launching in March, Samsung managed to sell nearly twice the numbers achieved by the previous-generation models in the same period.
"Another problem for SE in India is the small screen size. Indians are increasingly buying larger screen-sized phones, even at the lower-end of the market. A lot of data is consumed on smart devices and smaller ones do not find much favour with buyers," a source said.
http://economictimes.indiatimes.com/tech/hardware/apple-hikes-iphone-prices-by-steep-29/
NEW DELHI: Apple has increased prices of iPhones in India. The surprise revision in retail prices comes at a time when the company's new device SE got a poor response and managed to sell only a few thousand units. And, the hike is as steep as 29% for the iPhone 6 device.
The company also decided to tinker with pricing of iP hone 5S, making it costlier by 22% to nearly Rs 22,000 against Rs 18,000 at present. Apple has also come out with corporate offers and EMI plans to push sales.
Apple recently held a meeting with top executives and key distributors in India, especially in view of the launch of SE. "The stock of SE was in any case kept at a low level," a source said. "A strategy is being worked out to pitch the device more effectively."
A potential source of worry for Apple could be a good response to Samsung for Galaxy S7 and S7 Edge smartphones. After launching in March, Samsung managed to sell nearly twice the numbers achieved by the previous-generation models in the same period.
"Another problem for SE in India is the small screen size. Indians are increasingly buying larger screen-sized phones, even at the lower-end of the market. A lot of data is consumed on smart devices and smaller ones do not find much favour with buyers," a source said.
http://economictimes.indiatimes.com/tech/hardware/apple-hikes-iphone-prices-by-steep-29/
