Apple has slashed the price for iPhone 5s in India, with the 2013 flagship iPhone now retailing at under Rs. 25,000. Gadgets 360 has confirmed from sources in retail that the 16GB iPhone 5s is available at a market operating price (MOP) of Rs. 22,500. The smartphone can be purchased for even lower at some retail outlets.

Presently, the iPhone 5s 16GB is available on Flipkart at as low as Rs. 21,948; both Amazon India and Snapdeal are offering it at Rs. 21,499; while Infibeam (the only Apple authorised online retail partner) is selling it at Rs. 21,899.

The iPhone 5s has received the second big price cut in four months. Back in September, the iPhone 5s received its first price cut post the launch of the iPhone 6s and iPhone 6s Plus, and was made available at Rs. 35,000 for the 16GB variant, with the 32GB model priced at Rs. 40,000. To recall, the iPhone 5s 16GB price went down to Rs. 26,990 at an online retailer in September.

With the latest price cut, the iPhone 5s price in India is probably the lowest in the world. In the US for example, an unlocked iPhone 5s is still $450 (approximately Rs. 30,000).

Notably, the company has not announced any further price cuts on last year’s iPhone 6 and iPhone 6 Plus models. Both the phones received a price cut in September. The iPhone 6 was priced at Rs. 52,000 for the 16GB model and Rs. 62,000 for the 64GB variant. The iPhone 6 Plus was priced in India at Rs. 62,000 and Rs. 72,000 for 16GB and 64GB models respectively.

Apple’s iPhone 5s launched back in 2013 and went on sale in India at a starting price of Rs. 53,500 for the 16GB model. To refresh, the iPhone 5s features a 4-inch display with a resolution of 640×1136 pixels and boasts of a 326ppi pixel density. The iPhone 5s sports an all-new 8-megapixel iSight camera with dual-LED flash, which the company calls True Tone flash. The rear camera features an f/2.2 aperture and a 15 percent large image sensor, compared to the iPhone 5. It also houses a 1.2-megapixel front-facing camera. The iPhone 5s was the first device in Apple’s portfolio which featured the fingerprint scanner, which the company called Touch ID.