Apple iPhone 6 fans
New York, UNITED STATES, People line up overnight outside an Apple store in the Manhattan borough of New York September 7, 2014, ahead of the expected release of iPhone 6 and other products this week.REUTERS/Carlo Allegri

Earlier in the week, Apple Inc. announced the much anticipated iPhone 6 and iPhone 6 Plus, and now the company has reportedly slashed the prices of the previous generation devices to clear stocks for the new iPhones next month.

Mumbai-based smartphone vendor Mahesh Telecom has revealed that Apple has officially slashed the prices of 32GB and 16GB models of the 2013 flagship iPhone 5S up to ₹13,000 bucks.

Apple iPhone 5S-32GB and 16GB costs ₹49,500 and ₹44,500, previously they used to cost a whopping ₹62,500 and ₹53,500 respectively.

Apple iPhone 6 Launch After-Effects: iPhone 5S, 5C Get Price-cuts in IndiaMahesh Telecom via Twitter

BGR India too confirmed the iPhone price-cut reports and added that the company has also reduced the price of the iPhone 5C 8GB model to ₹31,500 from ₹37,500.

Once the new iPhone 6 series smartphones are released in India, Apple might re-introduce the buy-back scheme on iPhone 5S, iPhone 5C and other older models.

The company ran similar exchange campaign in 2013 and early 2014 and reaped huge profits in selling iPhone 4 and iPhone 5.

Apple reportedly recorded a staggering 400% increase in its iPhone sales revenue within a few months. It remains to be seen, if Apple records similar revenues this time.

Models Old Price New Price
Apple iPhone 5S 32GB: ₹62,500 32GB: ₹49,500
16GB: ₹53,500 16GB:₹44,500
Apple iPhone 5C 8GB:₹37,500 8GB: ₹31,500

For the uninitiated, Apple iPhone 5S and iPhone 5C models can also be bought for much less price at online stores – Flipkart, Amazon, eBay and others.

Key Specifications of Apple's premium iPhone 5S and Low-cost 'iPhone 5C':

Model Apple iPhone 5S Apple iPhone 5C
Display 4.0-inch widescreen retina display with 1136x640p resolutions having pixel density having 326 ppi (pixels per inch) 4.0-inch widescreen retina display with 1136x640p resolutions having pixel density having 326 ppi (pixels per inch)
OS iOS 7 iOS 7
Processor Next generation 64-bit Apple A7 processor (up to twice faster than the previous generation chipset), and M7 motion co-processor Dual-core Apple A6 processor
Storage 16GB, 32GB and 64GB 16GB and 32GB
Camera 8.0-megapixel camera with Dual-LED flash support called as True Tone, f/2.2 aperture, full HD video recording, 3X zoomFront: 1.2-megapixel camera, HD 720p video recording Main: 8.0-megapixel camera with LED flash support, full HD video recording, f/2.4 aperture, 3X zoomFront:1.2-megapixel camera, HD 720p video recording,
Battery Talk time: up to 10 hours (3G)Standby time: close to 250 hours Talk time: up to 10 hours (3G)Standby time: close to 250 hours
Network 3G and 4G-LTE (in select markets) 3G and 4G-LTE (in select markets)
Add-ons Finger-print scanner on Home button, improved voice-search feature Siri, Wi-Fi (802.11 a/b/g/n, 2.4GHz & 5GHz), Bluetooth v4.0,A-GPS, GLONASS, digital compass Siri, Wi-Fi (802.11 a/b/g/n , 2.4GHz & 5GHz ), Bluetooth v4.0, A-GPS, GLONASS, digital compass tough plastic polycarbonate shell with multiple colour options, 3.5 mm audio port, lightning port
Dimensions 123.8 x 58.6 x 7.6 mm 124.4 x 59.2 x 8.97 mm
Weight 112 g 132 g
Colour options Gold, Silver and Space Grey Will come in White, Blue, Pink, Yellow and Green

Key Specifications of Apple iPhone 6 and iPhone 6 Plus:

Model Apple iPhone 6 Apple iPhone 6 Plus
Display 4.7-inch LED-backlit IPS screen with Retina HD (aka full HD) with 1334 x 750p resolutionPixel density: 326 ppi (pixels per inch)

Add-ons:- Fingerprint-resistant oleophobic coating on the front

- Dual-domain pixels for wider viewing angles

5.5- inch LED-backlit IPS screen with Retina HD (aka full HD) with 1920x1080p resolutionPixel density: 401 ppi (pixels per inch)

Add-ons:

- Fingerprint-resistant oleophobic coating on the front

- Dual-domain pixels for wider viewing angles

OS iOS v8.0 (wider availability of the new OS version to other Apple devices from 17 September) iOS v8.0 (wider availability of the new OS version to other Apple devices from 17 September)
Processor 20-nanometer class based second generation 64-bit A8 chipset which is 25-percent faster (50-percent faster graphics too) than the A7 in iPhone 5S.It is aptly supported by second generation, M8 motion co-processor 20-nanometer class based second generation 64-bit A8 chipset which is 25-percent faster (50-percent faster graphics too) than the A7 in iPhone 5S.It is aptly supported by second generation, M8 motion co-processor
Storage capacity 16GB/64GB/128GB 16GB/64GB/128GB
Camera Main: New 8-megapixel iSight camera with 1.5µ pixels, f/2.2 aperture, True-Tone flash, hybrid IR filter, five-element lens, sapphire crystal lens cover,

Front: 1.2-megapixel FaceTime camera with f/2.2 aperture, auto-HDR,720p HD video recording

Main: New 8-megapixel iSight camera with 1.5µ pixels, f/2.2 aperture, True-Tone flash, hybrid IR filter, five-element lens, sapphire crystal lens cover, Optical Image stabilization,

Front: 1.2-megapixel FaceTime camera with f/2.2 aperture, auto-HDR,720p HD video recording

Battery Talk time: up to 14 hours (3G)Standby time: close to 10 days (250 hours) Talk time: up to 24 hours (3G)Standby time: close to 16 days (384 hours)
Network 3G & 4G-LTE (with new VoLTE technology for high quality voice-calling) 3G & 4G-LTE (with new VoLTE technology for high quality voice-calling)
Add-ons Finger-print sensor (much better Tough-ID security feature), Wi-Fi (802.11a/b/g/n/ac), Wi-Fi calling (in select markets), Bluetooth v4.0, NFC. GPS/GLONASS Finger-print sensor (much better Tough-ID security feature), Wi-Fi (802.11a/b/g/n/ac), Wi-Fi calling (in select markets), Bluetooth v4.0, NFC. GPS/GLONASS
Dimensions 138.1 x 67.0 x 6.9 mm 158.1 x 77.8 x 7.1 mm
Weight 129 g 172 g
Colours gold, silver or space gray gold, silver or space gray
Price (with two-year contract) 16GB: $199 (around €154/12,100)

64GB: $ 299 (around €231/18,200)

128G: $399(around €310/24,300)

16GB:$299(around €231/18,200)

64GB:$399(around €310/24,300)

128GB:$499(around €385/30,350)