Apple on Tuesday will introduce two iPhones, including a new lower-cost model targeted at overseas countries where expensive smartphones are out of reach for many consumers.The addition of a cheaper iPhone could help Apple sell tens of millions more phones. But it could also diminish its reputation as a premium brand.

It seems Apple wants to increase its share by selling its old model iPhone for a price of 25-30 thousand rupees in India.Current economic situation give only little for Apple. Apple’s value for its brand name will diminish by this.Premium customers will move out.