Apple may price the device between Rs 46,000 and Rs 61,000, depending on the variant.
Over the past month, Apple has twice cut the pricing of the iPhone 4 and iPhone 4S – the two older iPhones, marking a new first with the company. It also discontinued the three-year-old iPhone 3GS, in line with its worldwide practice.
Apple iPhone 5, unveiled on September 12 this year, is the world’s fastest selling smart phone and clocked sales of 5 million units over the first weekend. It features a 4-inch touch screen with Retina Display technology and runs on A6 processor. The phone has Siri digital voice assistant,iOS 6, 8-pin Lightning dock, 8MP iSight rear camera with LED flash and 4G LTE compatibility.