The effect of GST (Goods and services tax) in India is already visible as companies like Apple, Asus and Panasonic have slashed prices for some of their smartphones soon after GST’s implementation.

The Apple iPhone 7 Plus received a price cut of Rs. 6,600, the Asus Zenfone 3 got a cut of Rs. 3,000 with some other Asus phones getting Rs. 2,000 price cuts. Panasonic also joined by slashing prices of some phones by up to Rs. 1,000.

Apple

California based tech giant Apple has slashed prices for the iPhone, iPad, Apple Watch and Mac here in India. The change came on the first day of GST implementation. iPhone lineup has received price slashes of up to Rs. 6,600.

Product Memory variant Old Price Revised Price Difference
iPhone SE ●       32 GB

●       128GB

●       27,200

●       37,200

●       26,000

●       35,000

●       1,200

●       2,200

iPhone 6S ●       32GB

●       128GB

●       50,000

●       60,000

●       46,900

●       55,900

●       3,100

●       4,100

iPhone 6S Plus ●       32GB

●       128GB

●       60,000

●       70,000

●       56,100

●       65,000

●       3,900

●       5,000

iPhone 7 ●       32GB

●       128GB

●       256GB

●       60,000

●       70,000

●       80,000

●       56,200

●       65,200

●       74,400

●       4,000

●       4,800

●       5,600

iPhone 7 Plus ●       32GB

●       128GB

●       256GB

●       72,000

●       82,000

●       92,000

●       67,300

●       76,200

●       85,400

●       4,700

●       5,800

●       6,600

The iPad range also received a price slash of up Rs. 3,000. MacBook Pro saw up to Rs. 11,000 cut in prices. The Mac got a highest price cut of Rs. 11,800 on its 3.0GHz 8-Core model. The Apple watch however, did not see any significant price cuts.

Asus and Panasonic

Not only Apple, more affordable smartphone brands like Asus and Panasonic have slashed prices of select models. The complete list is as follows:

Brand Model name Old Price New Price Difference
 

Asus

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ZenFone 3 (ZE552KL) 19,999 16,999 3,000
ZenFone 3 (ZE520KL) 17,999 15,999 2,000
ZenFone 3 Max (ZC553KL) 15,999 14,999 1,000
ZenFone 3S Max (ZC521TL) 14,999 12,999 2,000
Panasonic

 

 

 

 

 

 

 

 

 

Eluga 12 7,290 6,490 800
P88 9,290 8,490 800
Eluga A2 9,490 8,990 500
Eluga Prim 10,290 9,490 800
Eluga i3 Mega 10,990 9,990 1,000
Eluga Pulse X 10,990 10,490 500

Conclusion

More companies may cut smartphone prices due to GST. Apple, Asus and Panasonic are the first 3 to have slashed their prices. Although Apple and Asus have not officially revealed the reasons of price cuts, the slashes coming within first 3 days of GST implementation speaks for itself.