On May 27 the iPhone 4 was officially put on the market of India with the price starting at 34,500 Indian rupees (around $760) for version of 16 GB with a two-year service agreement. But the price for iPhone as high as $760 (which the government is not satisfied with) makes the iconic item out of reach for the 41.6 percent of the India’s population that lives below the poverty line of $1.25 a day.