Apple’s anniversary edition iPhone X went on sale in India on November 3, 2017. Priced at a whopping Rs 1,02,000, the device became the first smartphone in India to cross the Rs 1 lakh mark. iPhone X has created a buzz in the market wherein Apple loyalists and users of other branded smartphones alike are flocking to brick-and-mortar shops and online retail store to get their hands on this fancy device.
The demand of the iPhone X has grown to such a level that many sellers on OLX are selling the 64 GB model of the device at a price as high as Rs 1,40,000. This price is nearly Rs 51,000 more than the retail price set by Apple, which is selling the 64 GB variant of the device for Rs 89,000 in India.
Nearly 33o retailers have listed iPhone X for sale on OLX India, which is one of the most popular online classified marketplace in the country. Early buyers, who are using the limited supply of iPhone X as a golden opportunity, are selling the 256 GB variant of the device at a price as high as Rs 1,35,000. This is nearly Rs 33,000 more than the price listed by Apple, which is selling the device at Rs 1,02,000 in India.
Interestingly there’s a wide gap in the price listed by various sellers across the country. While a seller from Chennai has listed the 256 GB variant of iPhone X at Rs 1,35,000, a seller based in Mumbai has listed the device for Rs 1,15,000.
Meanwhile, the high demand of Apple iPhone X in the market has prompted some black-market vendors to buy the device in bulk in the southeast Asian market, where the phone is available at a lower price than that in India. Reports suggest that the Mumbai Airport’s customs department has seized 11 units of Apple iPhone X from Chhatrapati Shivaji International Airport.
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