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iPhone 16 Price Drop: What to Expect | India Today

iPhone 16 Price Drop: What to Expect | India Today

March 16, 2026 David Kessler - News Editor News

iPhone 16 Price Drop: What to Know About Apple’s Latest Move

Apple has reduced prices on the iPhone 16 and iPhone 16 Plus, a move that comes shortly after the release of the iPhone 17 lineup. The price cuts, currently observed at the Apple Store, offer potential savings for consumers considering an upgrade, but the discounts are limited to specific models. This development arrives as tech watchers assess the reception of the iPhone 17, with some expressing disappointment, making the iPhone 16 a more attractive option for those seeking a novel device. The iPhone 16 is now available for $699 (down from $799) and the iPhone 16 Plus for $799 (down from $899).

Confirmed Price Cuts and Model Availability

The price reductions are currently confirmed for the base models of the iPhone 16 and iPhone 16 Plus. Specifically, the 128GB iPhone 16 is now listed at $699, a $100 decrease from its original price of $799. Similarly, the 128GB iPhone 16 Plus has seen a price drop to $799, down from $899. As of now, the price adjustments do not extend to the Pro models – the iPhone 16 Pro and iPhone 16 Pro Max – or the iPhone 16e. The iPhone 16 Pro remains at $999, and the iPhone 16 Pro Max at $1,199. The iPhone 16e is still listed at $599.

Why Now? The iPhone 17 Launch Effect

The timing of these price cuts is directly linked to the recent launch of the iPhone 17, iPhone 17 Pro, and iPhone 17 Pro Max in September 2025. Apple routinely adjusts pricing on older models when new iPhones are introduced. This is a standard practice in the consumer electronics industry, designed to clear inventory and stimulate demand for the latest devices. As Macworld notes, this price reduction on previous generations is a consistent pattern for Apple, particularly in markets like the U.K. Where iPhones are often purchased unlocked and off-contract.

What Does This Mean for Consumers?

For consumers who were on the fence about upgrading to the newest iPhone, the price drop on the iPhone 16 and 16 Plus presents a compelling opportunity. The iPhone 16 offers a significant feature set and performance capabilities, and the $100 savings makes it a more accessible option. However, potential buyers should carefully consider their needs and budget. If the advanced features of the iPhone 17 Pro models are essential, the price drop on the iPhone 16 may not be enough to sway their decision. It’s also worth noting that the price cuts are currently limited to the base storage configurations (128GB).

Beyond Apple: Sales Events to Watch

While Apple has initiated these price reductions directly, consumers can also anticipate further discounts during upcoming sales events. Amazon Prime Day (occurring in July, October, and sometimes March) and Black Friday in late November are traditionally prime times for iPhone deals. Macworld highlights that iPhone deals are frequently available throughout the year, especially in the U.K.

The U.S. Market: Carrier Deals and Contracts

The dynamics of iPhone pricing differ somewhat in the United States, where a significant portion of iPhones are purchased through carrier contracts. In this market, the best deals often reach in the form of incentives offered by mobile network providers, particularly during Black Friday sales. These incentives can include extra features or discounts on monthly service plans. The direct price cuts from Apple may be less impactful for U.S. Consumers who primarily rely on carrier promotions.

What Remains Unclear

Several details surrounding these price drops remain unclear. It’s currently unknown if the price reductions will be temporary or permanent. Also, it has not been independently confirmed whether the discounts are available through all Apple retail channels (online, physical stores, authorized resellers). Finally, the extent to which these price cuts will impact sales of the iPhone 17 remains to be seen. Details regarding potential discounts on refurbished iPhone 16 models were not provided.

Reader FAQ: iPhone 16 Price Drop

Q: Will the iPhone 16 Pro and Pro Max also get a price drop?

A: Currently, no. The price reductions are limited to the iPhone 16 and iPhone 16 Plus.

Q: Is this a great time to buy an iPhone?

A: If you’re looking for a high-quality iPhone at a reduced price, now is a good time to consider the iPhone 16 or 16 Plus.

Q: Where can I find the best iPhone deals?

A: Check the Apple Store, Amazon (especially during Prime Day), and major mobile carriers for the latest promotions.

Q: What is the difference between the iPhone 16 and iPhone 17?

A: The iPhone 17 features updated specs, 120Hz displays across the lineup, and a new orange color option. The iPhone 16 remains a capable device, now available at a lower price point. Mashable provides a detailed comparison.

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