This may be the best time to buy Apple's cheapest new iPhone

Apple iPhone XR

Apple iPhone XR

Apple Inc has cut prices of one of its latest iPhones in India by around one-fourth, sources said, as the US tech giant looks to boost sales in the world's second-biggest smartphone market following a similar move in China. Additionally, is offering no-cost EMI offer to customers of major banks in India, including HDFC Bank credit card holders. "The MRP on our website does not change", Apple India said in an email. Apple has finally made a decision to drop the selling price of all the three variants of iPhone XR in India which includes, the 64 GB model, that will now be sold at Rs 59,900 instead of earlier price of Rs 76,900, while the 128 GB will now be sold at Rs 64,900 from Rs 81,900 earlier and the 256 GB model will be sold at Rs 74,900 from Rs 91,900 earlier.

The iPhone XR is the most affordable iPhone in Apple's latest lineup, the other two being iPhone XS and iPhone XS Max. Apple India, of late, is running similar schemes in association with channel partners and finance companies too. Apple usually slashes the price for any of its models at the time when it launches new smartphone models.

The 128GB storage model of iPhone XR will be available at a price of Rs 64,900, though the effective price will come down to Rs 58,400 for HDFC credit and debit card users.

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Apple has long wanted to make meaningful inroads into India with its potential customer base of 1.3 billion people. Globally, iPhone shipment dropped to 208.8 million units in 2018 from 215.8 million units in 2017, said IDC.

With the global smartphone market saturating, Apple is naturally turning to new territories to find growth, although it has had little success so far. If it's legitimate, the part was likely stolen from a Foxconn factory, and it tells us a few things about the iPhone 11's design. Wistron already produces older iPhones such as iPhone 6S, iPhone SE in Bangalore.

After announcing the Oct-Dec quarterly results, Apple CEO Tim Cook had said in an analysts call that Apple in January had absorbed part or all of foreign currency fluctuations in some markets to get close on the local price for the new iPhone models from a year ago. The XR is the cheapest series among iPhones Apple launched a year ago.

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