The iPhone 16 price drop under Rs. 63,000 on Croma has attracted widespread attention across India. With the recent launch of the iPhone 17, older models like the iPhone 16 are seeing significant price reductions, making premium Apple technology more accessible to a wider audience.
Croma has combined official Apple discounts with instant bank offers from ICICI, SBI, and IDFC First Bank. This combination results in highly attractive effective prices for buyers, particularly for the 128GB variant, which now costs just Rs. 62,990 after all discounts.
This price cut is not only a budget-friendly opportunity but also a strategic move for Apple and Croma. With iPhone 17 supply constraints in India, the iPhone 16 remains a strong alternative for users seeking powerful performance at a lower price.
Latest iPhone 16 Pricing Update
The iPhone 16 now has a major price drop across Croma stores. Here’s a quick look at the updated prices:
- 128GB: Rs. 66,990 (effective Rs. 62,990 with bank discounts)
- 256GB: Rs. 76,490
- 512GB: Rs. 99,900
The 256GB and 512GB models are limited in stock, as many units were discontinued following the iPhone 17 launch. Apple had earlier slashed official prices, bringing the 128GB variant down from Rs. 79,990 to Rs. 69,900, creating a base for further Croma discounts.
These reductions reflect Apple’s usual pricing strategy for older models. Once a new iPhone launches, previous models are discounted to boost accessibility and maintain market interest.
Bank Discounts and Instant Savings
Croma enhances the appeal of the iPhone 16 through credit card partnerships. Customers using ICICI, SBI, or IDFC First Bank cards receive an instant Rs. 4,000 discount, making the effective price Rs. 62,990 for the 128GB variant.
This discount applies even on EMI plans above six months, helping buyers who prefer installment options. The combined savings reach up to Rs. 6,900, a significant value for a premium device.
Given the supply issues with iPhone 17, more buyers are turning to iPhone 16 as a practical alternative. It allows new users to enter the Apple ecosystem at a lower cost while still enjoying advanced features and smooth performance.
Why the iPhone 16 Remains a Strong Choice
Despite being an older model, the iPhone 16 continues to offer high-end performance. Its 6.1-inch Super Retina XDR OLED display provides up to 2,000 nits of peak brightness, making it vibrant even under sunlight.
The display also includes Ceramic Shield protection, ensuring durability. Users can enjoy Dynamic Island interactions for smooth notifications and app management, a feature carried forward in newer Apple models.
Performance-wise, the device runs on Apple’s 3nm A18 chipset, which features:
- A six-core CPU
- A five-core GPU
- A 16-core neural engine
These specifications make the iPhone 16 capable of handling gaming, multitasking, and AI-driven apps efficiently.
Camera Features and Photography
The iPhone 16’s camera remains a key selling point. It includes:
- 48MP main rear camera for sharp, high-resolution photos
- 12MP ultrawide camera with f/2.2 aperture for wide shots
- Advanced photography modes and AI enhancements for better image processing
These features make the device ideal for daily photography, social media content, and professional-grade visuals. Users can enjoy features like Night Mode, Smart HDR, and cinematic video recording even with this older model.
iPhone 16 vs iPhone 17: Why Buyers Choose the Older Model
While the iPhone 17 introduces newer technologies, supply shortages and higher prices make iPhone 16 an attractive alternative. Key reasons include:
- Similar Apple experience with Dynamic Island and OLED display
- Powerful A18 chipset ensures fast performance
- Strong camera system with 48MP main sensor
- Significant cost savings with Croma discounts
For buyers who want a premium iPhone experience without paying the top-end price, the iPhone 16 now offers the best balance between performance and affordability.
Croma’s Role in iPhone Sales
Croma’s pricing strategy leverages both official Apple discounts and bank offers, making the iPhone 16 more accessible. By combining:
- Listed price reductions
- Instant bank discounts
- EMI plans
Croma ensures that more buyers can purchase premium technology without breaking the bank. This approach benefits Apple as well, keeping older models relevant in the market while promoting brand loyalty.
User Benefits and Accessibility
The price drop encourages several benefits for buyers:
- Access to premium technology at a lower cost
- Entry into the Apple ecosystem, including iCloud, FaceTime, and Apple Music
- Reliable performance for gaming, social media, and productivity apps
- Long-term software support from Apple
For first-time Apple buyers or those upgrading from older Android devices, the iPhone 16 is now a very compelling choice thanks to its features and new effective pricing.
Final Thoughts
The iPhone 16 price drop under Rs. 63,000 represents one of the most attractive deals in India this year. By combining:
- Apple’s permanent price reduction
- Croma discounts and instant bank offers
- EMI options for flexible payments
Buyers can now enjoy a premium Apple experience at a budget-friendly rate. With strong performance, bright OLED display, Dynamic Island, and a capable camera, the iPhone 16 remains a value-packed choice even after the launch of newer models.
The deal also makes it easier for more users to join the Apple ecosystem, enhancing brand reach and user loyalty across India.