Why iphones are costly in INDIA
Apple Inc is US based premium tech brand which owing iphone,mac,ipad and many more...First Apple keeps considerable profit margin upto 500%.
Second No local manufacter for apple in india . Apple designs it product in US but it manufacter and export them to other from china .
Another main reason for the high price in india is import tax on iphone
when you buy a Iphone in india the total tax you pay are Goods and Service (GST) +Customs tax which is 44% in price of iphone
As per the Indian Foreign Direct Investment policy, for a company to set up a manufacturing unit in the country, it has to source 30 percent of components locally
which is impossible for apple which is a trillion dollar company
Another main reason is Currency depreciation is it also play majaor role in iphone price
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