Apple iPhones priced at Rs.31000

Price way too high compared to the US

Companies like Vodafone, which opened bookings for the phones in July, have already received booking requests of over 10,000 phones. The domestic price, however, is much steeper than the US price. The handset is available for $199 (Rs 8,358) in the US, plus $99 (Rs 4,158) as an annual contract with the telecom company since the handsets are linked to the service provider.

These lower prices are possibly because of the large subsidies that service providers are willing to provide to woo customers. In India however, neither company will offer a subsidy. However, the non-3G Apple iPhone - which was launched by the company earlier - is available in the Indian grey market at around Rs 20,000, down from Rs 24,000 a few months ago.