The Apple iPhone 16 has witnessed a major price reduction in India, making it one of the most attractive smartphone options in early 2026. Originally launched at a higher price, the 128 GB variant is now available at significant discounts across online platforms and retail stores.
During ongoing promotions, the iPhone 16 is listed at approximately ₹64,900, down from its initial launch price of around ₹79,900. With additional bank offers and exchange deals, the effective cost can drop below ₹61,000, making the device more affordable for a wider range of buyers.
How the Discounts Work
Retail and Bank Offers: Major e-commerce platforms like Flipkart and other retailers are providing instant discounts with select bank cards. These offers can reduce the already lowered price, bringing the base model within reach for many customers.
Trade-In and Exchange Programs: Buyers can exchange older smartphones to get further discounts. Depending on the age and condition of the device, these deals can reduce the overall price by several thousand rupees.
EMI and Cashback Options: Many sellers offer no-cost EMI plans and instant cashback through select debit and credit cards. These options allow customers to spread payments over time without incurring additional interest.
Why iPhone 16 Remains a Strong Choice
Although the iPhone 16 is slightly older compared to the iPhone 17 series, it still delivers impressive performance in 2026:
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A18 Chip: Ensures smooth performance for gaming, multitasking, and everyday use.
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6.1‑inch OLED Display: Offers vibrant visuals, though it runs at a standard 60 Hz refresh rate.
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Dual-Camera Setup: Includes a 48 MP main lens and a 12 MP ultrawide lens for versatile photography.
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Battery Life: Many users report over a day of use on a single charge.
At the current discounted price, the iPhone 16 competes well with mid-range Android smartphones, offering strong hardware and software features.
Tips for Buyers
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Compare Multiple Sellers: Prices may vary across platforms like Amazon, Flipkart, Croma, and local stores.
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Check Bank Offers: Not all discounts are uniform — some banks may provide better cashback or instant reductions.
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Verify Warranty: Ensure any trade-in or exchange purchase comes with a valid GST invoice and official warranty, particularly from third-party sellers.