Apple Inc.’s iPhone’s price may have 15 percent decrease

It has only been a week since Apple Inc. began selling its smartphone in India. However, experts already believe that the iconic device is now ready to have a reduced price. They said that it can be reduced by as much as 15 percent so that the sales will boost in India – the current fastest-growing market when it comes to mobile phones.

If you were to look at the sales of the second-generation iPhone all over the world, the device has already sold more than 1 million units. However, many believed that the sales of the device in India have only reached as much as 5,000 units. But the picture is not yet clear since Airtel and Vodafone didn’t said anything about the device after they launched Apple Inc.’s smartphone in the country.

According to Anshul Gupta, a principal analyst working with Garner, the price of the iPhone may drop by as much as Rs 5,000. With the current price of the iPhone, they expect that it would only be purchased by those who can’t wait for the operators or Apple Inc. to cut the device’s price. Anshul Gupta also said that the operators will have a volumes game. They must clear all the stocks of the iPhone before Apple Inc. would announce a new version of its iconic smartphone.