<ul data-eligibleForWebStory="false">Amazon has reduced prices for the Apple iPhone 16, offering direct discounts along with bank offers and exchange deals.The iPhone 16 series, released in 2024, has seen an 8% discount on select color variants bringing the price down to Rs 73,500 on Amazon.Additional benefits include discounts on select credit cards, cashback for Prime members, and exchange offers.Consumers face the choice of availing the discounted iPhone 16 or waiting for the upcoming iPhone 17, with expected but not significant upgrades.