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Apple iPhone Prices in India Plunge as Mid-Cycle Discounts Hit Record Lows

Retailers teaming with banks are rolling out unprecedented combo deals to target existing iPhone inventories ahead of a planned next-generation launch.

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iPhone 16 Pro
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Overview

  • On July 9, Amazon India lists the 128GB iPhone 16 Pro at ₹1,11,900 with exchange deals that can push total savings to ₹41,400 off its original ₹1,19,900 price.
  • Vijay Sales is offering the iPhone 16 Pro at ₹1,09,500 with an extra ₹3,000 instant discount on ICICI, Kotak, and Axis bank cards, cutting the net price to ₹1,06,500.
  • Retailers such as Reliance Digital list the iPhone 15 (128GB) at ₹60,200 with flat discounts of ₹9,700 and up to 5% cashback on select bank cards lowering the effective price to ₹57,190.
  • Buyers can pick up the iPhone 15 Plus for ₹72,490 across Amazon and Vijay Sales, plus a ₹3,000 rebate on ICICI and Kotak credit cards that trims the cost further.
  • These steep promotions, the deepest since May, are part of an inventory clearance drive ahead of Apple’s anticipated iPhone 17 launch in September.