Apple iPhone 5C available for Rs 34,400 in India under buyback scheme

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It seems like Apple has introduced a buyback scheme for the iPhone 5C in India. Under the scheme, Apple retailers will offer a minimum of Rs 7,500 off the iPhone 5C 16GB in exchange for the buyer’s old smartphone. However, that Rs 7,500 off is on the original launch price of the smartphone, Rs 41,900. In February, BGR India had reported that most online retailers were offering the iPhone 5C for around Rs 38,000. However, that was an official price drop and was reflecting an earlier smartphone buyback offer.

Buyback offers have become a preferred mode for smartphone vendors in the country to bring down prices of their smartphones. With increasing competition and unfavorable foreign exchange rate, smartphone prices have ballooned in India with flagship smartphones being introduced at Rs 50,000 no longer being shocking.

Even Samsung, which launched the Galaxy S5 at Rs 51,500 in India is now offering a buyback scheme that brings the price of the smartphone to Rs 44,000. However, the Galaxy S5 is already available at a slightly lower price of Rs 43,499 with online retailers, which is becoming a major nuisance for the company. Earlier this week Samsung had to issue a statement saying it had not slashed the price of the Galaxy S5 in India.

Meanwhile, Apple has introduced an 8GB variant of the iPhone 5C in some countries though it hasn’t been announced for India, yet. Apple CEO Tim Cook had mentioned that iPhone sales in India had grown by 55 percent and BGR India had reported that almost every second smartphone priced upwards of Rs 30,000 in India was an iPhone.