Channelnewsasia.com
Thursday, December 04, 2008
   
 
  blogs  
 
yournews
   
Mumbai Attacks
Video Finance Features Weather Travel Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Business News

 
 

High price takes shine off Apple's iPhone India launch
Posted: 24 August 2008 0342 hrs

 
 
Photos  of

   
 

NEW DELHI: Sticker price shock has spoiled the launch party of Apple's iPhone in India, home to the world's fastest-growing mobile market, local media said on Saturday.

The 3G or third generation phone sells for more than triple its US price tag in India - a new key battleground for makers of high-end mobile handsets thanks to its increasingly affluent middle-class.

iPhone launch events in major Indian cities on Friday, replete with confetti and cheerleaders, drew none of the big crowds and hysteria that greeted the phone's debut in the United States, Europe and other parts of Asia last month.

"Hefty price tag keeps queues away," said India's Economic Times daily.

The eight-gigabyte model of the phone, which includes a built-in iPod and a desktop-class web browser, sells for 31,000 rupees (712 dollars), while the 16 GB version goes for 36,100.

Technology writer Nitya Chaudhury told AFP: "I like its looks, but at that price I can get something cheaper that does as much."

A spokesman for India's leading mobile company Bharti Airtel - which is selling the iPhone along with rival Vodafone Essar, owned by Britain's Vodaphone Group Plc - said it was "not possible to give a (sales) trend."

But, in what appeared to be an attempt to explain away the low buzz surrounding the product, he said the "iPhone is a very aspirational project - it's not conceived of as a mass device."

A manager at one New Delhi phone showroom, who did not want his name used, said sales of the iPhone so far were "not very good. We've had a few buyers and people just in to look at it."

The Indian price is far higher than the 199 dollars paid by US customers to the telecom giant AT&T for the phone. AT&T heavily subsidises the phone and makes money by tying the customer to an expensive annual subscription.

But vendors say they are confident the Apple gadget will find its place in the Indian market despite the higher price and the fact that India has yet to launch 3G networks needed to support faster browsing and downloads. - AFP/de

 

 



Other business News
US economy weakened further in November, says Beige Book
US private sector loses 250,000 jobs in November
Wall Street rallies on hopeful spending, housing reports
UAW will make concessions to save automakers, says union president
EU targets Chinese soy imports in new melamine scare
Lufthansa bids up to US$475m for Austrian Airlines
Queen's Speech stresses Britain's focus on economy
US dollar stable against euro, yen amid grim data
Oil prices soften on demand jitters
CIC says China should not be counted on to ease global economic crisis
German bank BayernLB posts Q3 loss of one billion euros
Prospects brighten for US auto rescue, sparking cautious relief
China sees fall in foreign tourists this year
Asian shares rebound on heels of Wall Street
China sees fall in foreign tourists this year
Australia's economic growth slows
China's sovereign wealth fund to avoid western financial firms
Telecom Italia says it will cut 4,000 jobs in Italy
Vietnam announces billion-dollar economic stimulus
Qantas will remain Aussie, despite BA merger talk, says treasurer
US auto sales collapse amid economic crisis
GM to slash 31,500 jobs, asks for up to US$18b in loans
Yahoo up on reports of new takeover bid
Global financial crisis to dominate US-China Strategic Economic Dialogue

 


Advertisements

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions