KKN Gurugram Desk |  If you’ve been waiting to buy the iPhone 16 at a lower price, now might be the best time. Apple’s flagship model, launched in September 2024, is currently available at a significant discount on popular e-commerce platforms in India. With bank offers and exchange deals, the effective price of the 128GB iPhone 16 can go down by over ₹10,000, making it one of the most value-packed iPhone deals this year.

Here’s a detailed look at the latest iPhone 16 price cut, ongoing deals, and why this might be the right time to upgrade.

iPhone 16 India Launch Recap: Key Details

The iPhone 16 series was launched in India on September 12, 2024, featuring three main variants:

• iPhone 16 (Base Model)

• iPhone 16 Plus

• iPhone 16 Pro / Pro Max

The standard iPhone 16 came with a starting price of ₹79,900 for the 128GB variant. It is powered by the latest A18 Bionic chipset, based on the 3nm process, offering top-tier performance, better thermal efficiency, and superior power management. It is available in 128GB, 256GB, and 512GB storage options, with the base model now seeing a steep discount online.

Current iPhone 16 Discount Offers: Where and How to Buy Cheaper

1. Amazon India Offer

As of May 2025, Amazon is offering the iPhone 16 128GB variant at a listed price of ₹73,500, which is ₹6,400 less than the launch price.

Additional Bank Offer:

• Instant ₹4,000 off for ICICI Bank, Kotak Mahindra, and Axis Bank credit card holders.

• Effective price after discount: ₹69,500

Exchange Bonus:

Buyers can further reduce the price by opting for an exchange offer, which allows them to return their old smartphone for additional savings, depending on the device’s condition and model.

Note: The offer is available for a limited time and may vary based on the seller and region.

2. Flipkart iPhone 16 Offer

On Flipkart, the 128GB iPhone 16 is listed at ₹74,900, which is still a markdown compared to the original price. Similar bank offers apply here too:

• Flat ₹4,000 instant discount using selected credit cards.

• Final price after offer: ₹70,900

Just like Amazon, Flipkart also provides exchange offers to lower the effective price further.

iPhone 16 Full Specifications and Features

Before you make the purchase decision, here’s a closer look at what the iPhone 16 offers in terms of design, display, hardware, and camera capabilities.

Display and Design

• 6.1-inch Super Retina XDR OLED Display

• Dynamic Island: Improved integration with live activities and notifications

• Ceramic Shield Protection for enhanced durability

• Peak Brightness: Up to 2,000 nits for outdoor visibility

• Slim, lightweight form factor with aluminum edges and glass backProcessor and Performance

• Apple A18 Bionic Chipset

  • Built on a 3nm architecture

  • Octa-core CPU with Neural Engine

  • Enhanced AI and ML performance

• iOS 18: Ships with the latest Apple operating system, packed with new personalization and productivity features

• Available in:

  • 128GB

  • 256GB

  • 512GB storage variants

This hardware ensures smooth multitasking, gaming, and photography, along with better battery optimization.

 Camera Setup

Rear Camera:

• 48MP Primary Sensor

  • Improved low-light performance

  • Optical Image Stabilization (OIS)

• 12MP Ultra-Wide Lens

  • Supports macro photography

  • Expands the field of view for scenic and architectural shots

Front Camera:

• 12MP TrueDepth Camera

  • Portrait Mode with Depth Control

  • 4K Video Recording at 60fps

  • Improved Face ID and HDR

The iPhone 16 camera setup is ideal for content creators, vloggers, and mobile photography enthusiasts who demand high-quality visuals.

 Battery and Charging

• All-day battery life

• Supports 20W fast charging

• MagSafe Wireless Charging support

• Improved battery management via iOS 18 features

 Other Key Features

• IP68 Water and Dust Resistance

• Wi-Fi 6E and 5G Connectivity

• Face ID Unlock

• Dual eSIM + Physical SIM support

• Available in multiple colors including Graphite, Blue, Starlight, and Product(RED)

Is This the Best Time to Buy iPhone 16?

With the iPhone 17 lineup expected to launch in September 2025, Apple and e-commerce platforms are clearing out iPhone 16 inventory through discount-driven campaigns. If you’re not particular about owning the very latest iPhone, the iPhone 16 still offers flagship-level features and a premium user experience.

Reasons to Buy Now:

• Major price cut on 128GB variant

• Up to ₹10,000 total savings with card + exchange

• No major differences between iPhone 16 and what’s expected in base iPhone 17

• Future-ready with A18 chip and iOS 18

Potential Savings Breakdown

*Final price depends on the condition of your old phone and eligibility for exchange programs.

iPhone 16 vs Competitors in ₹70,000 Range

In the ₹65,000–₹75,000 price segment, the iPhone 16 competes with:

• Samsung Galaxy S24

• Google Pixel 8

• OnePlus 12R

• Motorola Edge+ 2024 Edition

While Android phones offer faster charging and more RAM, Apple’s ecosystem, build quality, and long-term software updates often make the iPhone a safer, future-proof investment.

Tips for Buyers

• Use eligible bank credit cards to maximize savings

• Compare prices on Amazon, Flipkart, Croma, and Apple-authorized resellers

• Check EMI options or No Cost EMI plans for easier affordability

• Ensure your old phone is in good condition for higher exchange value

• Confirm the warranty, return policy, and authenticity before checkout

If you’ve been planning to buy a premium smartphone and are comfortable with a ₹65,000–₹70,000 budget, the iPhone 16 presents a well-rounded package. From a powerful A18 chip and excellent camera system to a discounted price and smooth iOS 18 experience, it remains a solid contender in 2025.

With limited-time offers on Amazon and Flipkart, and additional savings via bank discounts and exchanges, now is the best opportunity to grab the iPhone 16 at its lowest price yet.