Apple launched iPhone 7 in the US on September 7 for a starting price of $649 and iPhone 7 Plus for $749. Despite being an expensive phone, it got an unprecedented response and went missing from the stores very quickly. Apple share price also soared from $107.70 on September 6 to $115.57 on September 15.
For India, Apple has fixed Rs. 60,000 as its base price for iPhone 7 and Rs. 70,000 for iPhone 7 Plus. These prices for iPhone 7 & 7 Plus are substantially higher in India as compared to the US prices. If you convert a US dollar to Indian Rupee based on tuesday’s closing price of Rs. 66.46, iPhone 7 32 GB should cost you Rs. 43,132 plus taxes, if you are buying it in the US.
Similarly, iPhone 7 Plus worth Rs. 70,000 is costing $749 plus taxes there in the US i.e. Rs. 49,779 plus taxes based on Rs. 66.46 to a dollar exchange rate. I would call it a considerable mark-up over the prices it is being offered there in the US.
To cash in on the festive mood here in India, Apple is launching its iPhone 7 on 7th of October and to make it a success here as well, it has already tied up with all big online retailers to attract interested buyers to pre-book this latest iPhone with some big cash back offers.
Here are some of these offers which you cannot ignore if you have decided to buy this phone for yourself or your loved ones this Diwali season:
Amazon Offers – Rs. 11,000 cashback + Rs. 1,500 additional cashback with HDFC Bank credit & debit cards + Rs. 500 worth of HDFC Bank points with HDFC debit cards – Amazon was the first to launch its big bang online sale this festive season from October 1. Calling it a “Great Indian Festival”, Amazon is offering dual cashbacks if you place your pre-launch order for iPhone 7 or 7 Plus on Amazon before its sale ends today midnight at 12. You can avail a cashback of Rs. 11,000, plus an additional cashback of Rs. 1,500, plus Rs. 500 worth of HDFC Bank points if you use HDFC Bank debit card while placing your order for its latest iPhones.
However, if you use your HDFC Bank credit card instead of debit card for making the payment, then you won’t get HDFC Bank points worth Rs. 500.
Amazon Link to understand its terms & conditions – Amazon Link
Flipkart Offers – Rs. 10,000 cashback with Citibank cards – Flipkart was the next to launch its festive season sale – Big Billion Days from October 2 onwards. This sale started on October 2 and will last till October 6. Though Flipkart has tied up with SBI Cards to offer up to Rs. 5,250 cashback on its products during this sale period, it is offering a cashback of Rs. 10,000 on booking iPhone 7 in a tie up with Citibank. Unlike Amazon, you cannot avail both these cashbacks simultaneously while placing a pre-launch order with Flipkart.
Flipkart’s terms & conditions – Flipkart Link
Paytm Offers – Rs. 5,000-7,000 cashbacks from Paytm + Rs. 10,000 additional cashback with Yes Bank – Though Paytm is yet to launch its big bang sale this festive season, still it is offering Rs. 5,000 cashback in a pre-booking of iPhone 7 worth Rs. 60,000, Rs. 6,000 cashback on Rs. 70,000 or Rs. 72,000 iPhone 7 or 7 Plus and Rs. 7,000 cashback on Rs. 80,000 or Rs. 82,000 or Rs. 92,000 iPhones 7 or 7 Plus.
Apart from these Rs. 5,000-7,000 cashbacks, Paytm has further tied up with Yes Bank to provide an additional cashback worth Rs. 10,000 for using the latter’s credit card or debit card to buy Apple’s iPhone 7 or 7 Plus. Here you have the link of Paytm to read and understand its terms & conditions for availing Rs. 15,000-17,000 cashback – Paytm Link
Here is the link having all the models of iPhone 7 & 7 Plus, 32 GB, 128 GB and 256 GB – Paytm Link
With such attractive cashback offers, iPhone 7 would cost a minimum of Rs. 45,000 for its base version of 32 GB and iPhone 7 Plus would cost a minimum of Rs. 53,000 for its base version of 32 GB. With these cashback offers, online retailers, like Paytm, Amazon and Flipkart have successfully bridged the price differential of iPhone 7 and iPhone 7 Plus between the two countries.
If you come across any such great offer on iPhone 7 or iPhone 7 Plus, please share it here. I’ll keep on incorporating the relevant info here in this post.