A new tax rate implemented by the Indian Government will let its citizens buy iPhones at cheaper prices. The Indian government announced a new Goods and Services Tax as part of a tax reform process. The new tax rate has prompted Apple to lower the price of its products.
The base model of the iPhone 7 which used to be sold for ₹60,000 (~$928) is now ₹56,200 (~$869). The 128GB version has seen a price cut too and now sells for ₹65,200 (~$1009) and the 256GB version is priced at ₹74,400 (~$1,150).
The iPhone 7 Plus on the other hand was reduced from ₹72,000 (~$1,114) to ₹67,300. The 128GB model is priced at ₹72,000 (~$1,114) and the 256GB model is ₹85,400 (~$1,321). The older iPhone 6s Plus also got a price cut to ₹56,100 (~$868) while the iPhone SE dropped to ₹26,000 (~$402).
Other Apple products such as MacBooks, iPads and the Apple Watch have also seen reduction in their respective prices.