Apparently the iphone is going the bling bling way. According to Sidin (who got it from Tech2):
The 8 GB version of the iPhone 3G will cost Rs. 31,000, while the 16 GB version will cost between Rs. 36,000 and Rs. 37,000.
These prices are not inclusive of the plan these phones will come bundled with.
Nokia management team must be breathing a huge sigh of relief. And I'm happy I did NOT wait for the iPhone.
Thanks to reader Reema Shetty for sending in this info, in aid of the blogathon :)