iPhone 16 series launch is just a few hours away. Apple event 2024 will kick off at 10:30pm IST at the Steve Jobs Theatre in Apple Park, Cupertino. At the annual launch event, Apple will finally take the wraps off the much-awaited iPhone 16. Although Apple fans and tech enthusiasts from around the globe are waiting to see how the iPhone 16 series will be like, potential iPhone buyers are also waiting for Apple to announce the price cut on last-gen iPhone models. For those who are unaware, Apple slashes the price of older iPhones after launching a new flagship series. As iPhone 16 is about to break cover, Apple is also gearing up to significantly reduce the price of iPhone 15 and iPhone 14.

Also read: Apple Event 2024: When and how to watch iPhone 16 launch event live in India [Video]

Apple reduced the price of iPhone 13 by ₹10,000 after the launch of iPhone 14 series. The company repeated the same after the launch of iPhone 15, and iPhone 14 got a price cut of ₹10,000. This year too, at the Apple event 2024, iPhone 15 is believed to get a lot cheaper. The company is expected to follow its pattern which suggests that iPhone 15 will get a price cut of ₹10,000 after iPhone 16 launch.

Also read: iOS 18 release: Only these iPhone users in India will get Apple's big update

Apple recently reduced the price of iPhone 15 series models in India after the government announced reduction in the basic customs duty (BCD) on imported mobile phones and printed circuit board assemblies. While the iPhone 15 Pro Max witnessed the biggest price cut, iPhone 15's price was reduced down ₹79,600. This means if Apple slashes iPhone 15 price by ₹10,000 after iPhone 16 launch, iPhone 15 will cost ₹69,600.

Catch all the latest updates on Apple Event 2024. Discover everything you need to know about the iPhone 16, iPhone 16 Pro, iPhone 16 Pro Max, and iPhone 16 Plus.

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