Buying a smartphone has become a tad bit difficult lately owing to memory shortage and the consequent increase in device prices. This increase in prices has made an iPhone out of reach for a lot of people in India. Not anymore. If you have been waiting for the right time to upgrade to an Apple iPhone or replacing your old iPhone with a new one, now would be a good time to do so. Amazon is hosting the Great Indian Festival Sale 2026 on its platform in India during which time, the company is offering a massive discount on the purchase of the iPhone 16.
In addition to offering the listed discount, the company is also offering banking offers, exchange bonuses and cashback benefits to the interested buyers. These offers further reduce the effective price of the iPhone 16, making it more affordable for lucrative for the buyers.
So, if you are planning to upgrade to a new iPhone 16, here's everything you need to know about the available discount offers and additional savings opportunities.
iPhone 16 discount offers
For the unversed, the iPhone 16 arrived in India at a starting price of ₹79,900 for the 128GB version back in September 2024. Then last month, Apple increased the prices of select iPhone models, including the iPhone 16, which now costs ₹89,900 for the 128GB variant.
Now, as a part of the sale, the 128GB or the base variant of the iPhone 16 is available at a price of ₹76,999. In addition to this, the company is offering a no-cost EMI option of up to ₹2,161 per month on payments made using select bank credit cards. Buyers are also eligible to get a cashback of up to ₹2,309 on payments made using Amazon Pay ICICI Bank credit card and a discount of up to ₹1,000 on payments made using select bank credit cards. Lastly, interested buyers can save up to ₹37,600 on exchanging their old smartphones for a new iPhone 16.
With this, buyers can purchase the 128GB version of the iPhone 16 for a price as low as ₹38,999 depending on the offers can they avail.
These offers are available on the purchase of all colour variants of the iPhone 16, which includes Black, Pink, White, Teal and Ultramarine.
iPhone 16 specifications
The iPhone 16 comes with a 6.1-inch Super Retina XDR OLED display with a peak brightness of up to 2,000 nits and Dynamic Island notch. It comes with IP68 dust and water resistance.
The iPhone 16 is powered by Apple's A18 chipset. On the camera front, it gets a 48MP dual camera system, which includes a 48MP main sensor and a 12MP ultra-wide-angle sensor. On the front it gets a 12MP camera. This device supports up to 22 hours of video playback time with support for MagSafe wireless charging up to 25W and Qi2 wireless charging up to 25W.
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- Which is the best iPhone under <span class='webrupee'>₹</span>50,000 in India?
The best iPhone under <span class='webrupee'>₹</span>50,000 will depend on current prices, bank offers and availability. Older-generation models may offer a good balance of camera quality, performance and software support at this budget.
- Is it worth buying an older iPhone in 2026?
Yes, an older iPhone can still be worth buying if it offers adequate performance, reliable battery life and continued software support. However, check its remaining update eligibility, battery condition and repair costs.
- What is the best time to buy an iPhone in India?
Major sale events such as Amazon Great Indian Festival and Apple's seasonal promotions can be good times to buy an iPhone. Prices may also change after a new iPhone launch.
- Is the iPhone 16 still worth buying in India?
The iPhone 16 can still be a sensible purchase if you find it at a competitive price. It offers a capable camera system, strong everyday performance and support for Apple Intelligence.
- Is 128GB enough for an iPhone in India?
Yes, 128GB is enough for many users, particularly those who stream music and videos rather than downloading everything.
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