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iPhone Prices Surge in India Amid Component Costs and Import Duties

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Apple's latest iPhone models, including the foldable iPhone Duo and iPhone 18 Pro, have seen significant price increases in India. Rising component costs, import duties, and a global memory chip shortage driven by AI demand are key factors behind the surge. This marks a reversal from the period when local assembly in India had made iPhones relatively more affordable. Despite the higher prices, aspirational buying trends and financing options continue to sustain demand in India's premium smartphone segment.

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iPhone Prices Surge in India Amid Component Costs and Import Duties · ShortSingh