CATCH ME UP
Apple’s first foldable phone, the iPhone Duo, is priced far above its U.S. level in India.
One report says the base 256GB model is priced at Rs 2,99,900.
Another says the India price is more than Rs 1 lakh higher than in the U.S.
The device is described as being imported as a Completely Built Unit, which attracts heavy import duties and GST.
More context
One analysis says Apple is targeting a wealthy minority in India rather than the average earner.
A comparison with Samsung’s Galaxy Z Fold8 highlights a large price gap in the Indian market.