Apple Inc's iPhone 6s Costs $955 in India -- Here's How It Can Lower the Price

With a price tag of $649, Apple's new iPhone 6s is one of the most expensive smartphones in the United States. But the U.S. price tag pales in comparison to the $955 that Indian consumers have to shell out for the same device.

Currency rate fluctuations are partly to blame for the difference in pricing, but so are the high import taxes Apple has to pay in order to sell the iPhone in India. If Apple assembled its iPhones in India, it could eliminate that tax and help drive down the cost of its devices in the country. Apple's key manufacturer, Foxconn, is building more factories in India that could be used to assemble iPhones in the near future, which could help Apple expand its sales in the all-important Indian smartphone market.

Click on the slideshow below to find out more about how Apple could lower the iPhone price in India.

The article Apple Inc's iPhone 6s Costs $955 in India -- Here's How It Can Lower the Price originally appeared on Fool.com.

Chris Neiger has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.