The California-based firm will roll out the iPhone 5C -- its cheapest handset till date -- in the US, China and Japan among others starting September 20. Apple CEO Tim Cook called iPhone 5C "more fun and colourful" than any other iPhone.
The device is expected to hit India by the end of the year, though no official confirmation was available. Analysts say the phone will be a premium product in India.
Gartner principal research analyst Anshul Gupta said, "iPhone 5C will not be the cheapest Apple handset in India. It will face competition from iPhone 4 and 4S."
He, however, added that Apple, with the new launch, is trying to protect its margins.
"Price point of iPhone 5C could be in the range of Rs 30,000-35,000, which will not be seen as a low-end product. Apple will have to calibrate the Indian market carefully for its launch," IDC India country head Jaideep Mehta told PTI.
KPMG (India) partner, telecom practice, Jaideep Ghosh said, "iPhone 5C is not a mass phone, its a high-end smart phone. I think it will play in the high-end smartphone market."
The unlocked 16GB version of the iPhone 5C will be available for $549 (about Rs 34,700) in the US, while the model in China would be priced at $729 (about Rs 46,000).
Apple's iPhone 4 (8GB) is priced in the range of Rs 23,000-24,500 in India, while iPhone 4S (16GB) is in the range of Rs 38,000-39,000.
The iPhone 5C will feature an all-new design and will be available in five colours -- blue, green, pink, yellow and white. It features a four-inch Retina display, A6 chip, an 8MP camera and is powered by latest iOS 7 operating system.
iPhone 5C is priced at $99 for the 16GB model and $199 for the 32GB model (with a 2-year contract) in the US.
Apple's strongest competitor Samsung had launched the latest version of its flagship model, Galaxy S4, earlier this year, BlackBerry launched the Z10 and Q5 as part of its attempts to make a comeback in the smartphone race.
Nokia is also trying to gain traction with its Lumia range of smartphones and Asha range of devices, which are targeted at emerging countries like India.
Apple also launched its flagship iPhone 5S, which it referred to as the "world's first and only smartphone" with a 64-bit chip. The handset introduces a fingerprint sensor called Touch ID for the iPhone. Built into the home button, Touch ID takes a high-resolution image of the user's fingerprint to unlock the device.
iPhone 5S claims 10 hours of talk time on 3G networks and up to 10 hours of web browsing on Wi-Fi and LTE networks.
It will be available in three colours -- silver, slate, and gold and will cost $199 for 16GB, $299 for 32GB and $399 for 64GB with a standard two-year contract in the US.
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