iPhone prices go up in India following tax hike

Apple has increased iPhone prices in India following the government’s import tax increase meant to promote domestic manufacturing. India will raise its import tax on electronics to prioritize goods manufactured in the country.

iPhone SE.jpg

A price sheet seen by Reuters showed iPhone prices up an average of 3.5%. For example, the iPhone X now costs $1,646.61. The one exception to the take hike: the iPhone SE (pictured), which is manufactured in India. 

The price increase could diminish Apple’s under 3% market share in the country, notes Seeking Alpha. Competitors Samsung and Xiaomi manufacture most of their phones locally.