New Delhi, Sept 14 (UNI) Apple has announced price cuts for iPhones in India as iPhone 7 will now be available under Rs 50,000.Apple has launched the latest generation of iPhones, iPhone 8, iPhone 8 Plus and iPhone X. And similar to the tradition followed in the US since past many years, the Cupertino giant has slashed the prices of older-generation models in India as well. Apple has announced price cuts for its iPhone 6S, iPhone 6S Plus, iPhone 7 and iPhone 7 Plus smartphones in the country. The price cuts should be good news for buyers who were holding their purchase of iPhones in the anticipation of a price cut. Especially, since the latest price drop brings Apple iPhone 7 below the Rs 50,000 price bracket. UNI ADP SW 1739