Apple warns about grey market iPhones

When iPhone started selling in the Indian grey market ten days ago it cost Rs 50,000, now the price has dropped to Rs 30,000. "We don't sell it here because it's not officially launched, but people who have bought the phone tell us that it was Rs 50,000 when launched but now it's dropped to Rs 30,000," said Rajneesh Mamania, Mobile phone dealer.