Member • Sep 25, 2013
Apple iPhone 5S Price In India Is Rs. 1 Lakh At The Grey Market - Worth It, Folks?
All latest iPhones manage to attract a great demand in Delhi's Gaffar market and Mumbai's Heera Panna and Alfa markets, as usually the handsets are introduced months after the international launch. With Apple being regarded as a premium device that ups people's status quotient, these material-minded folks don't think twice before shelling out big bucks on these devices. But this time the prices have shot high up, especially for the gold-colored and champagne-colored iPhone 5S model.
A Delhi based retailer had this to say- "There is a huge demand for the champagne-colored iPhone 5S. I just sold a piece with 16GB storage to a person in Patna for Rs 1,08,000 through eBay, but it is the 64GB model and is at an asking price of Rs 1,70,000. iPhone 5S in white or space grey is cheaper. I can give you the 64GB model for Rs 1,30,000." The prices reduce outside Delhi, but the reduction is not very significant. A Hyderabad-based phone dealer who manages online website Lets-Go-Digital stated the gold iPhone 5S 16GB is available with him at Rs 1,05,000, while iPhone 5S grey was availabl at just Rs 77,000.
Rather that shelling out this much on a device that's not a major upgrade over its earlier devices, it's better people find their status bling in other brands. Understood that Apple is the awesome Apple, but money doesn't grow on trees, right?
Source: iPhone 5S available for Rs one lakh in grey market - The Economic Times