iPhone 5s (Pictures) 16GB variant is now priced at Rs. 44,500 (MRP) while the maximum retail price of the 32GB variant is now Rs. 49,500. It's noteworthy that the 16GB variant at least has been available online between Rs. 35,000 and Rs. 40,000 for quite sometime, so the price drop merely recognises what has been a reality for a while. While this is the first 'official' price drop since the iPhone 5s was launched in India last November, there have been plenty of great deals available on the 16GB iPhone 5s before Apple's move on Saturday, which was first reported by BGR.
The price of the 16GB variant is down Rs. 9,000, while the 32GB variant has seen a price cut of Rs. 13,000, having been launched at Rs. 62,500. It's worth pointing out that the iPhone 6 and iPhone 6 Plus will be available in 16GB, 64GB, and 128GB storage variants, so this may be your last chance to buy a 32GB iPhone, if you are specifically interested in that variant for reasons best known to you.
Interestingly, there's no mention of a price drop on the 64GB variant of the iPhone 5s.
The 8GB iPhone 5c (Pictures) is also available at significant discounts compared to its launch price, though NDTV Gadgets has learnt there's no official change in the MRP of the phone. Apple has in fact reduced the cost at which the phone is made available to its retail partners, so expect most of that benefit to be passed on to the consumers.