A few days after the Budget 2018, Apple announced the increase in its iPhone and Watch prices. While the company has increased the price of its iPhone model by 3.6 percent, Apple Watch has seen an 8.3 percent increase in prices. However, there is no change in the price of iPhone SE.
What happened in the budget: In fact, the government has increased custom duty on mobile phones from 15 per cent to 20 per cent in the Budget. After this decision, the prices of smartphones will now be higher than before. Although the new budget is to be implemented from April 1, Apple has already announced increase in its product. However, there will be no change in price of iPhone SE because its manufacturing plant is also present in India.
How Much Models Cost: iPhone 6 (32 GB) The price of the phone has increased by 3.6 percent. The price of the iPhone 6 (32 GB) phone was Rs 30,780, which now has gone up to Rs 31,990. IPhone 6s (32 GB) The price of the phone was Rs 41,550, which has now increased to Rs 42,900. The iPhone 6S (128GB) was priced at Rs 50,660, which now costs Rs 52,100. The price of the iPhone 6s Plus (32GB) has gone up from Rs 50,740 to Rs 52,240. The price of iPhone 7 (32 GB) has gone up from Rs 50,810 to Rs 52,370.
The price of the iPhone 8 (64GB) has gone up from Rs 66,120 to Rs 67,940. Talk about the iPhone X (64 GB), its price has increased from Rs 92,430 to Rs 95,390.
The price of Apple Watch Series 3 GPS (38mm) has gone up from Rs 29,900 to Rs 32,380. While the price of Apple Watch Series 3 GPS (42mm) has increased from Rs 31,900 to Rs 34,410.
Prior to the increase in import duty, the reason behind this is the reason that the government wants to promote Made In India. Companies will organize their phones in India. Earlier, in January last year the import duty was 10 percent, which was 15 percent in December. The central government has now increased this fee to 20 percent.