India gets one of world’s steepest iPhone price hikes

BENGALURU: Apple raised prices on its existing iPhone lineup in India by as much ‌as 41% within ⁠hours of ⁠unveiling newer models, bucking its usual practice of discounting older variants and marking one of ​the steepest hikes in any market where it has repriced this year.

While Apple also raised ​prices in the U.S. late Wednesday, those increases ranged from 10% to 21%. The hikes followed Apple’s September event, dubbed ‘Surprise and Shine,’ where new Chief Executive John ​Ternus unveiled Apple’s first foldable phone, the iPhone Duo.