The good & bad of a cheaper iPhone in India

The good news is, the iPhone may drop prices by 15%. That's bad news for the ones who queued up and bought it after the iPhone launch last week, at the original price. The good news is there's not too many who queued up. And so there won't be the kind of outcry we saw in the US from hordes of first-buyers. The bad news is, if consumers were to now suspect the drop in prices in India, sales at current prices will come to a stand still. The good news is hopefully that would just be a brief lull, before queues start getting longer as the iPhone will peddle at a lower price.

Lets wait and watch.