Apple Raises iPhone Prices in India by Up to 41 Percent
Apple has raised prices on its existing iPhone lineup in India by as much as 41 percent following its latest product event. The unexpected increases reflect rising component costs driven by strong global demand for memory and storage chips.
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Apple Inc. raised prices on existing iPhones in India by up to 41% on Wednesday morning, marking one of its steepest global repricing actions. The increase follows a product event led by Chief Executive John Ternus where the company unveiled the iPhone Duo. Rising memory and storage chip costs drove the global price adjustments.
