Apple has officially increased the prices of its iPhones and Apple Watches in India. While the prices of different iPhone models have seen an increase up to 8.3%, Apple Watch models will now cost 3.6% more. The news comes in response to the Indian government's earlier announcement of increasing customs duty on mobile phones. Here's more on it.

Context Customs duty on mobile phone increased from 15% to 20%

On February 1, Finance Minister Arun Jaitley said that customs duty on mobile phone import will be increased from 15% to 20%. Since Apple imports over 80% of its smartphones, the announcement resulted in the company increasing iPhone prices to maintain profit margins. Last December too, when import duty on smartphones was increased to 15% from 10%, iPhone prices in India were increased.

Price details iPhone X prices increased to Rs. 95,390 from Rs. 92,430

While the price of iPhone 6s (32GB) has increased to Rs. 42,900 from Rs. 41,550, iPhone 7 (32GB) will cost Rs. 52,370, up from Rs. 50,810. The price of iPhone 8 (64GB) has increased to Rs. 67,940 from Rs. 66,120, and of iPhone 8 Plus (64GB) to Rs. 77,560 from Rs. 75,450. iPhone X will be sold at Rs. 95,390 instead of Rs. 92,430.

Apple Watch Apple Watch prices see a 3.6% hike in India

As for the Apple Watch models, the price hike is quite prominent. The price of Apple Watch Series 3 GPS (38mm) will be increased to Rs. 32,380 from Rs. 29,900, and the Apple Watch Series 3 GPS (42mm) will now cost Rs. 34,410 instead of Rs. 31,900. The revised prices are also applicable for Apple Watch's Nike+ edition.

Information Price of iPhone SE remains unchanged