New Delhi, Jul 2 (PTI) Tech giant Apple has slashed prices of products, including iPhone, iPad and Mac, India from July 1, as it looks to pass on the benefits accrued from the recently rolled out GST to customers. Similarly, price of iPhone SE (128GB) has been reduced by Rs 2,200 to Rs 35,000. The new prices listed on the companys website is upto 7.2 per cent lower than previous iPhone prices. India is an important market for Apple and this move could help the US-based firm further consolidate its position here. According to industry estimates, Apple has a 44 per cent share of the premium market (USD 400 and above), while rival Samsung had 41 per cent share in the January-March 2017 quarter.

Source: India Today July 02, 2017 08:37 UTC