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Why Does iPhone 7 Cost Rs 60,000 in India?

Apple’s latest flagship launches on 7 October in India and costs a whopping Rs 60,000 for the 32GB variant.

With each iPhone sold in India, Apple makes a staggering 130 percent profit. If they are serious about penetrating India, the world’s second largest mobile phone market, then they must consider reducing their profit margin and increasing distribution to reach more customers.

But from the launch price of Rs. 60,000, it appears Apple is pretty set in its stubborn ways and would rather opt for the high profit margin and sell less phones, than make less profit and sell a higher number of devices.

What Big B Has to Say About His Open Letter Controversy

Amitabh Bachchan shared his views about the controversy around his viral open letter to his granddaughters. Watch the video to find out what he said.

Check out Quint Lab’s First Story on the Muzaffarnagar Riots

Quint Lab is an immersive multimedia story experience, and the first to come out of its stables, is a story on the aftermath of the Muzaffarnagar riots. Do check it out!

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

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Topics:  Amitabh Bachchan   QWrap   Quint Lab 

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