Apple’s iPhone 16 (128 GB) originally launched in September 2024 for ₹79,990, is now available on Amazon India at a jaw-dropping effective price of ₹33,400. This deal combines a flat Amazon discount plus exchange and bank offers during the Great Freedom Festival sale.

Here’s how it breaks down: Amazon lists the phone at its discounted price of around ₹72,400. Trading in an eligible iPhone 15—especially high-end models—can fetch up to ₹35,000 off. Additionally, using an SBI or ICICI credit card provides an extra ₹4,000 reduction, bringing the final cost down to roughly ₹33,400.

Despite the steep markdown, the iPhone 16 remains highly capable with its A18 Bionic chipset, 6.1-inch Super Retina XDR OLED display, 48 MP Fusion camera system, IP68 durability, and support for Apple Intelligence in iOS 18.

Given that the more premium iPhone 16 Pro is also discounted—currently offered around ₹52,155–₹70,905 depending on promotions—this sale places flagship Apple devices firmly within reach for first-time upgrader buyers while demand remains high pre-iPhone 17 launch.