Apple has made a significant move in the Indian smartphone market by reducing the prices of current iPhone models. This change comes after a drop in Indian import duties on smartphones, making iPhones more accessible to consumers in the country.

Here are some key points to note about Apple’s price cuts in India:

– The import duties on smartphones shipped into India were reduced from 20% to 15%, leading to price cuts ranging from 3% to 4% on current iPhone models.
– Models like the made-in-India iPhone 13, iPhone 14, and iPhone 15 saw a price drop of 300 rupees ($3.60), while the iPhone SE 3 received a price cut of 2,300 rupees ($27.50).
– Premium models such as the iPhone 15 Pro and iPhone 15 Pro Max received a more significant price cut of up to 6,000 rupees ($71.70).
– Despite the price reductions, iPhones are still considered expensive in India compared to other markets like the U.S.
– Apple has been manufacturing iPhones in India for some time now, with plans to expand production to include iPads at Foxconn’s facility in Tamil Nadu.

As Apple continues to explore opportunities for diversifying its production outside of China, moving iPad production to India reflects the company’s growing confidence in its supply chain in the region. This move also aligns with Apple’s long-term goal of reducing its reliance on manufacturing in China.

By cutting prices and expanding production capabilities in India, Apple is making strategic moves to cater to the growing demand for its products while also exploring new avenues for manufacturing beyond its traditional base in China. Stay tuned for more updates on Apple’s developments in the Indian market!