Apple has introduced their latest lineup of Iphone as titled Iphone SE which looks similar look with metal body of 5S. However specification seems to be quiet impressive and similar to Iphone 6 and Iphone 6S.
Priced at $399 in USA and it was priced to sell at 39,000 + in India which is disgusting and makes the indians fool. Similarly it was priced at UAE for 1649 AED which is almost equivalent to INR 30,000 which is less than Rs.9000 comparing to Indian price. So it makes the grey market in India to flourish and hope to smuggle day to day lot of iphone from gulf market.
However few online retailers in UAE has started online booking with hefty margins of booking around 2000 AED for the iphone SE 16GB version which is almost equivalent to prevailing prices of Iphone 6. As you know arabs are crazy of iphone and they will pitch in the net to get the fancy phone at earliest.
However we can see some crashing prices for 5S, 6 & 6S soon on this launch which will benefit indian market.