Tech giant Apple is slashing the price of its latest iPhone XR by up to 22 percent in the country. But there's a catch. This is not a price drop or a change in maximum retail price, but a limited period offer to woo Indian consumers.

The price reduction, effective Friday till stocks last and is aimed to boost Apple's sales in India where it is in the third position.

Apple will drop the selling price of all the three variants of iPhone XR.

The company is also offering a 10 percent cash back on iPhone XR available only on HDFC Bank debit and credit cards.

The till-the-stock-last offer brings down the price of Rs 76,900 iPhone XR (64GB) to Rs 59,900 for non-HDFC customers and Rs 53,900 (64GB variant) with special cash-back offer for HDFC customers.

The 128GB iPhone XR (original price Rs 81,900) will cost Rs 64,900 for non-HDFC customers and Rs 58,400 for HDFC users.

The Rs 91,900 256GB variant will cost Rs 74,900 for non-HDFC customers and Rs 67,400 for HDFC customers.

With all-screen glass and an aluminium design featuring 6.1-inch display which is touted as "the most advanced LCD in a smartphone," the iPhone XR houses A12 Bionic chip with next-generation "Neural Engine", which unlocks new experiences for immersive augmented reality (AR), games and photography.

iPhone XR has 12MP rear camera and 7MP front camera and supports the longest battery life ever in an iPhone.

The iPhone XR is water resistant and protects against everyday spills including coffee, tea and soda.

First Published:Apr 4, 2019 9:34 AM IST