New Apple offers in India can reduce iPhone price

Apple has introduced incentives to make the iPhone more affordable for customers in India. Indian students who trade in an old smartphone will get 7,777 rupees ($144) toward a new iPhone. Non-students will earn the equivalent of $130 toward an iPhone purchase. Additionally, customers who use an American Express credit card to purchase an iPhone will receive ten percent cash back — a maximum refund of $111 to customers who purchase an iPhone 4, 4S or 5 before June 10. [via ZDNet]