Why iPhone is costlier in India than US?

Apple iPhone costs just $199 in the US but if you want an iphone in India you'll have to pay at least Rs 31,000 so the big question is why is there a price disparity in this Apple device. According to Sanjay Kapoor, President Mobility, Airtel, this is due to the fact the device in the US comes bundled with a 3-year lock in period, which is not the case in India.

Category:

Science & Technology

Tags:

• Apple
• iPhone
• India
• US
• Sanjay
• Kapoor
• Mobility
• Airtel
• NDTV
• Profit