Samsung Galaxy S4 price drops to Rs 30,000

In less than a week of Samsung unveiling its flagship smartphone Galaxy S5, the price of its predecessor Galaxy S4 has dropped nearly Rs 10,000, and it is now selling for about Rs 30,000 online in India.

The device was launched in the country at Rs 41,500 and is now available at best price of Rs 29,199 on ShopClues.com. The smartphone is also available at e-commerce majors like Flipkart, Snapdeal and Amazon.in for approximately Rs 30,000.

Though there is no official announcement of a price cut, Samsung India on Saturday announced a buyback offer for Galaxy S4, along with Galaxy Note 2 and S4 mini. Under this offer, Samsung will give minimum cash-back of Rs 10,000 for Galaxy S4 in exchange for older smartphones. Thus, buyers will have to effectively pay a maximum of Rs 31,500 for the device.

The South Korean giant has also tied up with HDFC Bank to provide EMI option to buyers at 0% interest. As part of the scheme, they will have to pay installments of Rs 1,750 for 18 months.

Samsung is offering minimum cash-back of Rs 4,000 and Rs 5,000 for Galaxy S4 mini (official price Rs 23,500) and Note II (official price Rs 28,500) under the same scheme. While there is no EMI option for Note II, buyers can purchase S4 mini with 18-month EMIs of Rs 1,028.

Since Galaxy S4 is available on e-commerce sites at Rs 30,000 without any exchange offer, its official price is also likely to be cut as the launch date of Galaxy S5 draws closer. Samsung has announced that Galaxy S5 will be launched in 150 countries, including India, on April 11. However, it has not shared any pricing details.