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Will Apple bump up the price of iPhone 7 ?

The countdown has begun for the launch of the iPhone 7. It is time to put an end to the rumours suggesting that the storage capacity of the new iPhones would be 32GB upwards.

twitter-logoNidhi Singal | September 6, 2016 | Updated 16:18 IST
Will Apple bump up the price of iPhone 7?

The countdown has begun for the launch of the iPhone 7. It is time to put an end to the rumours suggesting that the storage capacity of the new iPhones would be 32GB upwards. Going by the past trend of iPhone announcements, the unlocked iPhone 7 base model (which can be 32GB) should be priced at $649 (plus taxes) and the Plus variant will start at $749 (plus taxes). Last year, the iPhone 6s and 6s Plus were launched at the price of the previous generation iPhones (iPhone 6 and 6 Plus) starting at $649 and $749, respectively. However, market speculation also suggests that as the storage on the base model will move up to 32GB from 16GB, the price can also go up by $100.

Dealers in the grey market (Gaffar Market in New Delhi and Heera Panna market in Mumbai) have started accepting bookings at an advance of Rs 25,000 for the iPhone 7 and Rs 50,000 for the Plus variant. As the first few units in India are sold at a premium, the opening bids are expected to cross Rs 1 lakh. Moreover, booking is not open to the general public but only to the regular customers who have been paying premium to get their hands on the first iPhones available in India even before the launch in the country.

"While there will not be any significant change in terms of the design, rumours have been suggesting that Apple will trade off the 3.5mm jack for water resistance. Even the antenna lines are rumoured to move to the edges. Consumers are excited that with these cosmetic and hardware changes, the iPhone 7 will different from the predecessors and will be worth paying a premium", explained one of the Gaffar dealers on condition of anonymity.

Apple is scheduled to unveil the iPhone 7 at a keynote on Wednesday in San Francisco, 10:30 PM Indian Standard Time.

 

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