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iPhone 16 Pro can be yours for under Rs 80,000, but there is a catch

iPhone 16 Pro can be yours for under Rs 80,000, but there is a catch

India Today4 days ago
The iPhone 16 Pro is one of the most premium smartphones you can buy right now, but it usually comes with a hefty price tag. For most people, spending over a lakh on a phone isn't exactly easy. But what if there was a way to bring the price down? Well, Amazon is currently running a deal that lets you get the iPhone 16 Pro for as low as Rs 76,900. It does involve a bit of work — mainly trading in your current phone — but if you've been planning to upgrade anyway, this might be the right time to do it.advertisementLet's break it down. The iPhone 16 Pro, which launched at Rs 1,19,900 for the base 128GB model, is now available for Rs 1,10,900 on Amazon — that's a direct discount of Rs 9,000 without needing any special offer or coupon. Now comes the interesting part. On top of this price cut, Amazon is also offering an exchange bonus of up to Rs 52,100. Of course, the final exchange value depends on your current phone's make, model, and condition.For example, if you're exchanging an iPhone 13 Pro in good shape, you can get around Rs 34,000 off, which brings the price down to just Rs 76,900. Even if you're trading in a high-end Android phone like the Samsung Galaxy S22 Ultra, you could get approximately Rs 24,900 off, lowering the cost to Rs 86,000. That's still a significant saving on a device that's barely a few months old.
To check how much you can get for your current phone, you just need to go to Amazon, choose the iPhone 16 Pro in your preferred colour, and enter your phone's details. If it qualifies, the exchange value gets applied instantly at checkout. While not everyone will get the maximum exchange rate, many users should still be able to shave off a big chunk of the price.As for the iPhone 16 Pro itself, it's a serious powerhouse. It comes with a 6.3-inch OLED display with 120Hz ProMotion and incredibly slim bezels. Under the hood, you get the top-tier A18 Pro chip paired with 8GB RAM, which makes the phone fast and responsive in everything from gaming to multitasking. There's support for Apple Intelligence features and better thermal performance, thanks to a more efficient GPU that Apple says is 20 per cent faster than the previous A17 Pro.Camera upgrades are also worth noting. The primary 48-megapixel sensor has improved tech for faster image processing, while the ultra-wide camera now has autofocus. The periscope lens — a first for Pro models — offers 5x optical zoom at a 120mm focal length. On the video front, you can shoot in 4K at 120fps, making it one of the best options for mobile videography.Battery life is better this time too. Most users will easily get through a day on a single charge with moderate use. And even though the iPhone 17 Pro is expected soon, this deal makes the iPhone 16 Pro a great value, especially when you consider what you're getting for around Rs 76,000 to Rs 86,000 with an exchange. If you've been holding off on an upgrade, this might be a smart time to make the switch.- Ends
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Dressed to chill: EQT, Bain Capital emerge as final bidders for 31% controlling stake in Whirlpool India
Dressed to chill: EQT, Bain Capital emerge as final bidders for 31% controlling stake in Whirlpool India

Time of India

time20 minutes ago

  • Time of India

Dressed to chill: EQT, Bain Capital emerge as final bidders for 31% controlling stake in Whirlpool India

Tired of too many ads? Remove Ads Parental Rejig Tired of too many ads? Remove Ads Popular in Cons. Products 1. Daikin sets up GCC in India in association with EY Tired of too many ads? Remove Ads Cool Positioning Buyout groups EQT and Bain Capital are in a two-horse race for 31% controlling interest in Whirlpool of India, listed local arm of the US appliances giant, three senior industry executives said. Private equity peers TPG and KKR, as well as potential rival contenders Havells and Reliance Industries , have fallen back, they and Bain Capital are conducting detailed due diligence ahead of the deadline for a binding offer, said to be in didn't respond to queries sent to its US and India and Bain declined to parent Whirlpool Corp has been looking to sell a 31% stake in the India unit, which generates the bulk of its Asia revenue, while retaining 20%. The equity in India is held through Whirlpool was the first to report June 20 on the interest of Reliance and Havells in the stake. Whirlpool India 's market cap was Rs 18,116 crore as of Tuesday's close on the India business monetisation exercise is part of a global reorganisation initiated at the end of 2022, when the company, known in the US for the Whirlpool, KitchenAid and Maytag brands, posted a $1.5 billion company has said it's keen to raise net cash proceeds of $550-600 million (Rs 4,684-5,110 crore) from the 31% stake sale transaction by this calendar year. A formal stake sale process was launched in April by advisor Goldman Sachs A transaction will also trigger an open offer for an additional 26% stake in the company. As with several deal negotiations, Whirlpool's punchy valuations have been a deal spoiler for most potential suitors. Another bone of contention is said to be the royalty payout to the parent in the end of January, the stock plunged an exchange-allowed maximum of 20% to a near 10-month low when the company first announced its intent to pare ownership in India. It has rebounded since then. In April alone, the stock soared 33% after the sale process was launched. Since April, the stock has appreciated 29.39%, ending Tuesday at Rs 1,427.90 on the BSE, marginally down from fully subscribed, the incoming investor could end up owning 57% of the company. Public shareholders now own 49%. At current prices, this would translate into a deal worth Rs 10,354.62 crore, a slight premium to expectations, said the people the US parent isn't happy with the final offers, it may once again divest through the open market route, analysts said. The parent sold a 24.7% stake in its Indian arm in February last year through block deals worth Rs 4,039 crore to institutional investors, led by five mutual funds including SBI Mutual Fund and Aditya Birla Sunlife Mutual Fund, besides foreign institutional investor Societe is among the top four brands in refrigerators and washing machines in India, with revenue of Rs 7,421 crore and net profit of Rs 313 crore in FY25. Whirlpool's presence in the premium end, currently dominated by LG, Samsung and Haier, is negligible. Havells India had evaluated the Whirlpool stake to expand its presence in refrigerators and washing machines, given its strong presence in air-conditioners through the Lloyd brand. But it was dissuaded by the high valuation as well as the decision to focus on the Lloyd business, which broke even in FY25, said the executives Monday, Havells chairman and managing director Anil Rai Gupta told analysts that while the company is open to acquisitions, it is currently focused on building the business Industries, too, has backed out, at least for now, due to the same bid-ask gap, said the people cited. Reliance last week announced the acquisition of the Kelvinator brand for the Indian market from Swedish appliance manufacturer Electrolux for Rs 160 crore. The company intends to build Kelvinator into a full-fledged appliance the first MNC consumer electronic brands to enter India in the late 1980s, Whirlpool hasn't been able to scale up as much as rivals LG, Samsung and Haier, which came in much later, or even homegrown brands such as executives are of the view Whirlpool still has sizeable brand equity, a substantial manufacturing base and a robust presence in smaller cities and towns through distributors.'The company does not have a massively differentiated portfolio,' said the chief executive of a consumer company who was approached for a possible stake purchase. 'The industry margins are also shrinking in the mass segment.'Whirlpool Corp's chief financial and administrative officer James W Peters told analysts recently that the India transaction has 'generated significant interest from large third-party investors.'The parent intends to repay or refinance debt with this money as it had done the last had said the reduction of the parent shareholding will result in 'increased autonomy' at the Indian unit.'While Whirlpool operates in a similar pricing range to Voltas Becko and Godrej, its customers are sticky,' said Arshia Khosla of Nirmal Bang. 'In order of preference, it stands out with high brand recall, higher number of SKUs (stock keeping units) and leadership in the product category. But heightened competitive intensity is expected to keep Whirlpool's growth under check in the near term.'

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