Apple today announced a new buyback scheme that includes the iPhone 4 16GB variant. We had earlier reported that Apple was re-introducing the iPhone 4 16GB variant for Rs 31,800. Under the new buyback scheme, users can trade-in their old smartphone and get a minimum of Rs 8,000 off for the iPhone 4, effectively paying Rs 23,800 for the phone. On top of the buyback discount, buyers can opt for a 6-month EMI scheme as well that will bring the cost of ownership relatively down to Rs 3,967.
Buyers can still get a minimum of Rs 6,000 off for their old phone when they buy the iPhone 4 8GB variant. The aggressive buyback scheme has been very successful for Apple, with CEO Tim Cook acknowledging that India sales have gone up by 400 percent.
Thanks Ameya Shelar for the tip!