Cupertino-based Apple is all set to re-launch iPhone 4 (8GB) in India for around ₹23,000.

Earlier in the week, there were reports that the Apple would begin re-selling the 2012 model in India for ₹15,000 via buy-back and EMI (Easy Monthly Installments) schemes. Now it turns out that the company would re-launch the iPhone 4 for ₹22,000 as pricing the premium device at a dirt-cheap ₹15,000 was impractical, reported TechCrunch.

The Indian arm of technology website BGR citing sources inside Apple's distributor partners has learnt that Apple would sell iPhone 4 for ₹29,900. It added that the company's distributing associates are also offering 10 free iPhone 4 models to smartphone vendors for every 100 units they buy. The move is seen to encourage retailers to lower the prices of iPhone 4 and still be able to get a considerable profit out of it.

As of now, neither Apple nor it's official distributing partners has replied to the reports circulating in the media.

Apple iPhone 4 sports a 3.5-inch back-lit IPS TFT LCD screen with retina display (960x640p) resolution and packs Apple A4 chipset paired with PowerVR SGX 535 GPU, 512MB RAM and 8GB inbuilt memory.

Key specifications of Apple iPhone 4:

Model Apple iPhone 4
Display 3.5-inch LED back-lit IPS TFT LCD screen with retina display (960x640p) resolutionPixel density of 326 ppi (pixels per inch)
OS iOS 4.0 (v7.0.4 is available now)
Processor Apple A4 chipset(ARM Cortex A8)
GPU PowerVR SGX 535
Storage Capacity 8GB (no microSD card support)
Camera Main: 5.0-megapixel camera with BSI sensor, LED flash, 5 x digital zoomFront: 0.3-megapixel (VGA) camera
Battery 1,420 mAh
Add-ons Bluetooth v2.1+ EDR, Wi-Fi (802.11 b/g/n), quad-band GSM/GPRS/EDGE,
Dimensions 115.2 x 58.6 x 9.3 mm
Weight 137 g