As we mentioned last week, Apple has reintroduced the iPhone 4 on the market in India as a low cost option, reports The India Times.

While Apple’s iPhone 4 is still supported by its latest operating system iOS 7, it’s certainly not a stunning example of smartphone performance, and industry observers seem skeptical of Apple’s pricing on the 8GB smartphone (Rs 23,000) at about $370 USD.

That’s substantially higher than The India Times suspected Apple would price the iPhone 4 (it expected around $240 USD) following cold reception to the expensive iPhone 5s and still expensive iPhone 5c.

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