According to market reports, the new price of iPhone 4 is expected to be around Rs15,000 through buyback and EMI offers. The retail price of iPhone 4 is Rs 26,500.

Reports further claim that the company stopped the production of this handset in August-September 2013. To sell the unsold inventory products, Apple is now expected to route iPhone 4 from across the world to India.

iPhone 4 is installed with a 3.5-inch Capacitive Touchscreen . The device is loaded with 8GB of internal storage capacity and features iOS operating system. The smartphone boasts a 5 MP primary camera with a 0.3 MP secondary camera and also lends full support to full-HD video recording. It includes Wi-Fi and Bluetooth as connectivity options.

Recently, Apple India launched a buyback scheme for the 8GB variant of iPhone 4S. Under this offer, the customers can trade-in their smartphones in order to receive Rs 5,000 (minimum) discount on iPhone 4S 8GB.