Apple slashes iPhone 5s prices in India; starts from Rs 21,499 online

Apple has once again, slashed the price for its bestseller iPhone 5S in India. The device which had received a price cut a few months ago, has now been reportedly brought down to almost half in the past three months. According to a report by The Times of India, iPhone 5s prices now starts at Rs 24,999, down from Rs 44,500 in September. This makes Indian price of iPhone 5s one of the lowest globally, despite the depreciating rupee and higher import taxes making India among markets where Apple products cost the most. Amazon is selling the iPhone 5s (16 GB) starting from Rs 21,499, while Flipkart is retailing the same for Rs 21,899 that is the same as Infibeam’s online price. It is believed that Apple’s price cut of iPhone 5s is part of its strategy to build a stronger portfolio in the mid-segment smartphone market. The report points out that retailers claim that the iPhone 5s accounts for almost 50 percent of total iPhone sales in India. Last year, during the same time, Apple had lowered the price of the iPhone 5s, just before the iPhone 6 was to be announced. This came as good news to many as the iPhone 5s has been touted to offer better value for Indian buyers compared to the iPhone 6 and iPhone 6 Plus. A time when reports have been flooding the internet about the launch of a new iPhone early next year, looks like Apple has decided to lower the prices for its yet popular iPhone 5s. We can expect price drops for the iPhone 6 and iPhone 6 Plus too. The iPhone 5s has a 4-inch retina display and is powered by A7 chipset – based on 64-bit PC architecture. There’s a co-processor called M7 for motion sensing activities. The phone has an 8MP, dual LED flashlight, and a rear back camera that can record 720p HD movie in 120fps.