Apple announces cuts in iPhone prices after Budget move on customs duty

Quick Summary:

That apart the Budget reduced BCD on chargers and PCBAs, a key element in assembling smartphones in India, to 15 per cent from 20 per cent.

In FY 24 it catapulted into the top spot in terms of revenue share at 23 per cent, pulling down Samsung by one percentage point from that spot to number two.

The reduction is Rs 300 for the latest iPhone 15 as well as the iPhone Plus and that of the previous generation of iPhone 14 and iPhone 14 Plus.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Iphone manufacturing in India IPhones sales Mobile phones Apple Apple iPhone Budget 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 17:41:27 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 389 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21784070

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 301 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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