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Apple’s smartphone iPhone 16, which was priced at around ₹80,000 at the time of launch, is now available with a steep discount on Flipkart. Currently, this 128GB variant is listed at ₹62,900. Its price can be reduced further through bank offers and exchange deals.

Bank Offers and Exchange Deals

Customers will get instant cashback of ₹4,000 on paying with Axis Bank card on Flipkart. This means that the price of iPhone 16 will come down to ₹58,900. Additionally, exchanging the old smartphone can bring down the price further.

Specifications of iPhone 16

• Display: 6.1-inch Super Retina XDR OLED screen, Ceramic Shield protection
• Processor: Apple A18 (3nm) chipset, iOS 26 support
• Camera: 48MP + 12MP dual rear camera, 12MP front camera (4K video recording)
• Charging: Wired and wireless charging support, MagSafe compatibility

Why is this a smart deal?

iPhone 16 comes with premium features and latest chipset. When its price has dropped to ₹58,900, it is an attractive opportunity for users who were thinking of buying an iPhone but could not due to budget constraints.