The significant price difference between the iPhone 15 Pro and Pro Max models in India compared to other countries is anticipated to drive direct imports by holidaying consumers and boost demand in the grey market. Traders in grey market hubs have already started taking advance bookings for these models. The high price difference, especially in Dubai, Thailand, and the US, may lead to more sales through grey markets and consumers purchasing units abroad. Experts attribute the price hike in India to currency arbitrage and customs duty.
