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iPhone 5 To Set Its foot In Indian Market On November 2

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iPhone 5 is all ready to set its foot in  Indian market on November 2.

According to recent reports Apple will start selling the iPhone 5 through specialised distribution companies. Apple has tied up with Ingram Micro Inc, which is a large US-based distributor of technologies, as well as Redington India Ltd, a local distributor with 12,000 smaller partners across the country.

The prices of iphone 5 are still unknown but the prices are expected to be the same as the iPhone 4S when it first launched. The rumors are that it may be priced at Rs 45,500 for the 16GB version, Rs 52,500 for the 32GB version, and Rs 59,500 for the 64GB model.

According to a recent report, “Apple has used both these distributors in the past for products like the iPad, but did not do so for the iPhone as it was concerned that paying third-party distributors would eat into its profit margins on a key product. Apple’s Chief Executive Tim Cook said earlier this year that the company saw higher potential in countries other than India, largely because of the high cost of distributing products here. “We have a business there, that business is growing, but the sort of the multilayer distribution there really adds to the cost of getting products to market,” Mr. Cook told analysts in July.”

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