The price reduction is to the tune of Rs 2,000.
"We have reduced the prices of iPhone 4 and 4S, which is in line with our pricing strategy internationally," an Apple spokesperson told 'The Mobile Indian'.
Asked about whether this is a clearance sale spokesperson said, "This is our product line and we will continue to sell the iPhone 4, iPhone 4S and iPhone 5 whenever that is launched. Only iPhone 3GS has been discontinued."
While the online retailers like Saholic are already selling the phones at reduced prices, the offline retailers are likely to start offering the new prices in 2-3 days.
Apple spokesperson also told The Mobile Indian, "Apple has appointed Ingram Micro as a retailer for large format retailers and Redington, for distributing through regional channels, for our iPhone business."
The Apple iPhone 5se is said to come in two variants.
Reportedly, the purported Apple iPhone 5SE will come in two storage variants.
A new version of Apple Watch may come with minor changes such as addition of a FaceTime camera.
As per a Chinese analyst, Apple will name its rumoured 4 inch iPhone as iPhone 5e.
Apple is also reportedly planning to ditch the 3.5 mm jack and instead it is planning to arm its future iPhones with wireless headphone.
Apple iPhone 5S was launched back in 2013 and is available for as low as Rs 20,998.
The costliest model of Apple iPad Pro is said to cost Rs 91,900.
Earlier this year, Apple had not launched the successor of its iPhone 5C.
Speculations are also rife about a 4 inch smartphone in iPhone C series to make its debut alongside the next Apple flagship smartphone next year.
Not only Apple Watch coming to India after a delay of almost six months but reportedly it will also cost about Rs 14,000 more than its price in the USA.