iPhone 15 Pro and iPhone 15 Pro Max face high demand and excessive overpricing in India's grey market

The iPhone 15 Pro Max and iPhone 15 Pro are experiencing an unprecedented demand in India, leading to a surge in prices above the Maximum Retail Price (MRP) in the grey market.

Let's delve into the details of this price surge and the high demand for these models, providing insights into the current market scenario.

Unprecedented Demand and Price Surge

The iPhone 15 Pro Max and iPhone 15 Pro have been launched recently, and the overwhelming demand has led to a scarcity of stocks. As per a report by News18 Tech, the iPhone 15 Pro Max price surge is particularly noticeable, with shopkeepers charging up to Rs 20,000 more due to the immense demand.

The iPhone 15 Pro Max grey market price in India is reflective of the consumer craze to acquire the latest model, with buyers willing to pay a premium to be among the first few to own it.

Grey Market Scenario

The iPhone 15 Pro grey market price in India is also experiencing a similar trend, albeit not as steep as the Pro Max model. The grey market prices are significantly above the MRP, with the iPhone 15 Pro price in India and the iPhone 15 Pro Max price in India being Rs 1.60 lakh at the very least.

Despite the high prices, the demand continues to outstrip supply, with both online and offline retailers running out of immediate stock.

Natural Titanium Variant Pricing

The Natural Titanium variant of these models is also being sold at a premium. The iPhone 15 Pro Max Natural Titanium price is approximately Rs 20,000 over the MRP of Rs 1,59,900 for the top-end 256GB variant.

The premium for the smaller iPhone 15 Pro is between Rs 5,000-10,000, varying based on colour and storage capacity preferences.

Specifications and Features

The iPhone 15 Pro specifications and iPhone 15 Pro Max specifications include USB-type C charging and advanced camera setups, featuring periscope-style telephoto lenses that significantly enhance long-distance photography.

Both models also offer a dynamic 1-120 Hz refresh rate, ensuring a visually pleasing and smooth user experience.

Wrap Up

The iPhone 15 Pro Max high demand and the subsequent price surge in the grey market highlight the immense popularity and anticipation for Apple's latest models in India.

Consumers are willing to pay significantly above the MRP to get their hands on the new iPhones, indicating a robust market for premium smartphones in the region.

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