However, for those who love the older version of the iPhone i.e. the iPhone 4S there is some good news out there.
Apple has cut the price of iPhone 4S by Rs. 7000 and the iPhone 4S is now available for Rs.31,500.
The iPhone 4 (no more sold in the US) is now available at Rs.21000 for the 8GB model and Rs.25000 for the 16GB model.