612px-Steve_Jobs_Headshot_2010-CROP

The Times of India reports that Apple is planning to re-introduce the 8 GB version of the iPhone 4 in India to combat its sluggish sales. The report states that the company hopes the even lower price of the device will help win back its share of the market, which is slipping away to competitors.

The phone would be available at a lower price than before, reportedly around ₹15,000 (about $240). Apple lost a large portion of its market share in India after phasing out the iPhone 4, which was previously one of the country’s top three phones.

In the US, Virgin Mobile has kept the venerable iPhone 4 8GB around, selling it for a measly $179 Off contract.