
Apple’s iPhone 16 has received an attractive price cut on Flipkart, making the 128GB model a more tempting option for buyers looking for a premium iPhone at a lower price. The Apple iPhone 16 price drop brings the Teal variant down to Rs 69,900, while additional offers can reduce the effective price further.
Flipkart is also offering an exchange deal on the phone, allowing buyers to bring down the final cost by up to Rs 40,900, depending on the old device and its condition.
Sale Trailer:
- Grab the iPhone 16 (128GB) model at just Rs 69,900 Flipkart
- Get an additional bank offer of up to Rs 3,495 on eligible transactions.
- Trade in your old smartphone for up to Rs 40,900 off
iPhone 16 Price Drop And Discount Details Revealed

The iPhone 16 128GB Teal is currently listed at Rs 69,900 on Flipkart. Buyers can get the phone at an effective price of Rs 66,405 after the listed offer. Flipkart also shows a Rs 3,495 bank offer, which can provide additional savings for eligible customers.
The exchange offer makes the deal even more interesting. Flipkart lists an exchange benefit of up to Rs 40,900, although the final exchange value depends on the model, condition and eligibility of the old smartphone. The exchange offer may also vary by location and is currently shown as unavailable for some pincodes.
Also Read: iPhone 17 Pro Max Price Cut: Flagship Gets Cheaper With Extra Bank Savings
With the maximum exchange value, buyers could potentially bring the effective cost down to around Rs 29,000 before considering any other applicable offers. However, the maximum value will not apply to every old phone.
iPhone 16 Specifications and Features
The iPhone 16 remains a strong option despite being an older generation model. It comes with Apple’s A18 chip, a 6.1 inch Super Retina XDR OLED display and a dual rear camera setup.
Key specifications include:
- Display: 6.1-inch Super Retina XDR OLED
- Processor: Apple A18 chip
- Storage: 128GB
- Rear cameras: 48-megapixel + 12-megapixel
- Front camera: 12-megapixel
- Battery: 3,561mAh
- Connectivity: 5G, Wi Fi 7 and Bluetooth 5.3
- Weight: 170 grams
The phone also features Camera Control and supports Apple Intelligence features. Flipkart lists a one year warranty for the phone and in box accessories.
At Rs 69,900, the iPhone 16 is already cheaper than its original pricing, while the bank and exchange offers can make the deal more attractive. Buyers should check their exchange value and eligibility before placing the order, as the final price can vary.
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