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From what I understand, India has a fairly high import tax on electronics. FWIW, it looks like the 16 iPhone 5 retails there for ~$850.

• vvhn 14y ago
  Taxes and It is also a hedge against rupee devaluation ( which it tends to do in bursts ). Companies don't want to get caught up at wrong end of the Rupee sliding further.
  • srik 14y ago
    > It is also a hedge against rupee devaluation This makes perfect sense. I've never thought of it this way before.
  • what_ever 14y ago
    Rupee has been volatile in the last year or so. The higher prices have been the case even before that.