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iPhone 5S to get a 50% price cut soon, says report

iPhone 5S

The iPhone 5S is still extremely popular among those who prefer smaller displays rather than going for the new 4.7-inch and 5.5-inch panels of the iPhone 6 and 6S models. That’s the main reason why Apple has decided to introduce the iPhone SE which will again come with a 4-inch display to please the above mentioned demographic.

And once the new device is out, the price of the iPhone 5S is expected to be dropped by a whopping 50%. This news comes from none other than the ever so reliable KGI Securities analyst, Ming-Chi Kuo.

According to Mac Rumors, Kuo believes that shipments of 4-inch iPhones (5S and SE) will increase by 131% year-over-year to more than 37 million units in 2016. Apple will be looking to achieve this on the basis of the low-priced 4-inch iPhone SE and the 50% price cut on the iPhone 5S.

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The latter is being sold now for $450 in the US, which means its new retail value could be somewhere around $225. We are not expecting there to be a significant price drop for this device in India, since its cost has already been lowered a great deal lately.

A number of retailers in the country are offering the iPhone 5S for somewhere around Rs 20000, which is much lower than its initial price. If Apple does manage to make the 50% cut in India as well, then the device will be seen going for as low as around Rs 10000, which is never going to happen.

March 21 is when all will become clear, as that’s the date on which Apple will be announcing the iPhone SE handset and revealing its pricing plans for the 5S model.