Apple is reportedly set to relaunch the 8GB version of iPhone 4 in the Indian market. The Cupertino giant is planning to price the phone at Rs 22,000. Apple India could offer a cheaper price for the iPhone 4 through buybacks and EMI schemes. So it is possible that the smartphone’s starting price reaches the Rs 15,000 point after that. The iPhone 4 was launched in 2010 and sports a 3.5-inch Retina display. It is powered by the Apple A4 chip and is capable of running iOS 7, though it doesn’t support all its features.