The iPhone X was the first iPhone to get Face ID and a bezel-less display with a wide notch on top.
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The iPhone 7 and iPhone 7 Plus, launched earlier this month in the US, are slated to hit the Indian market from October 7, with prices starting at Rs 60,000.
Apple shipped 14.2 million units and accounted for four percent share of all smartphones shipped worldwide in Q2 2016, said market research firm Strategy Analytics.
But Cupertino tech giant might learn from its mistake and might price the iPhone 7 decently for the Indian market. Apple iPhone 7 is expected to come in options of 32 GB, 128 GB, and a bumper 256 GB storage options, doing away with the low 16 and 64 GB storage choices.
This was foreshadowed by disappointing March-quarter forecasts from the company's Asian suppliers such as Taiwan Semiconductor Manufacturing Co and Largan Precision Co Ltd.
As inventories of the iPhone 6s and 6s Plus have piled up since they were launched last September, production will be scaled back to let dealers go through their current stock, the business daily reported.
The company also released its latest smartphones - the iPhone 6S and 6S Plus - in late September and is rumored to be unveiling a new model - the iPhone 7 - sometime next year.
This is the second major price cut on the iPhone 5s in India ever since Apple introduced the iPhone 6s around four months ago.
The Apple Watch is available in two different sizes - 38 mm and 42 mm - in three collections, Apple Watch Sport, Apple Watch and Apple Watch Edition, crafted from custom rose or yellow 18-karat gold alloys. Priced at Rs 30,900 onwards, the Watch comes in 40 different combinations.
Apple launched its new iPhone 6s & iPhone 6s Plus in India last week.
The South Korean giant could instead partner with a company called Synaptics, which launched its own pressure-sensitive touchscreen sensors called Clearforce earlier this month. The new technology, as Synaptics says, will be ready by early next year, Business Insider notes.
The iPhone 6s, available in Gold, Rose Gold, Silver, and Space Grey colour choices is listed at Rs 64,836 for the base model of 16 GB while the 64 GB and 128 GB variants are listed at Rs 74,117 and Rs 83,401 respectively.
Early iPhone 6s users have complained of overheating Touch ID or home button while starting up the device. Several users took to Apple support forum explaining the problem.
According to sources, the new devices will be available in the Indian market, both online and offline, by the end of next month. This will help the company to take advantage of the festive season, they added.
For all the sophisticated technology packed into the new iPhones, customers interviewed by Reuters were most excited by a more low-tech feature: the 'rose gold' finish, a new shade that Apple introduced with the current phone.
Despite CEO Tim Cook's pledge in 2012 to "double down on secrecy," the details of the upcoming product announcements have been steadily leaking out of Cupertino, California.
The email invitation includes a colorful Apple logo with the sentence "Hey Siri, give us a hint," referring to Apple's popular digital voice assistant.