Samsung Galaxy S4 receives £70 price cut in India

Samsung has cut prices of Galaxy S4 in India by £70 (INR 7,000) indicating that the handset will receive price cuts in other regions as well as the company preps to make the smartphone available globally.
The Galaxy S4 is currently retailing at an average of £330 in the UK and if the price cut makes its way across to the country, we could expect the prices to drop to £290 – £300 levels.
Samsung didn’t officially announce any price cuts in India, but the company announced a buyback offer on multiple handsets including Galaxy S4, Galaxy Note 2 and Galaxy S4 Mini. Under this offer customers will receive a minimum cash-back of £100 (INR 10,000) for Galaxy S4 in exchange for select few older smartphones.
This led many online retailers to slash the prices of the Galaxy S4 to sub-£300 levels taking off as much as £70 from the retail price. Samsung estore is yet to reduce the pricing, but we expect that the reduction should reflect next week sometime.
Galaxy S5 is set for a global launch on April 11, but Samsung hasn’t announced the pricing of the handset yet. We expect that the smartphone won’t be priced any cheaper considering the features that it packs and will retail at somewhere around the £450 mark.