The iPhone SE is all set to make its debut in India early next month, and while initial reports suggested that the phone would be available for ₹30,000 ($450), Apple has confirmed that the entry-level 16GB model will be priced at ₹39,000 ($586). That's nearly $200 more than the $399 retail price of the 16GB variant in the U.S., and about the same price as the base model of the iPhone 6s in the country.

The inexplicable rise in the pricing has led to consternation from consumers looking forward to get their hands on the 4-inch phone. What is clear is that the company has missed a golden opportunity to turn even more users away from the likes of Samsung, Lenovo and Huawei.

Even though the pricing is steep, with the iPhone SE you're getting a phone that has the same internal hardware as the iPhone 6s, including the A9 SoC, dedicated M9 co-processor, 12MP iSight camera with True Tone flash and 4K video, albeit with a smaller 4-inch display.

Indian readers, would you be interested in buying the iPhone SE for ₹39,999? Let us know in the comments below.

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