iPhone 5S hits India’s grey markets, prices touch Rs 115,000 for gold variant

iphone-5s-india-grey-market

As expected, the iPhone 5S has made its way to India’s grey markets over the weekend. In Delhi, prices started from Rs 90,000 but have now settled down to Rs 75,000 for the 16GB variant. The few units of the gold iPhone 5S that came were seen selling for as high as Rs 115,000 and are now next to impossible to find. In Mumbai, we are hearing reports of the iPhone 5S selling for Rs 100,000.

Though not high in demand right now, a few units of the iPhone 5C have also made their way to markets here. But with no real demand, these are selling for about Rs 45,000. Apple has not yet revealed the date or price for India launch. The company yesterday announced it sold 9 million units of the iPhone 5S and iPhone 5C in the first three days, making it the biggest ever launch weekend breaking last year’s record of 5 million.

    Gadgets API returns Empty Value