Cupertino, Calif.-based technology giant Apple Inc. recently took wraps off the iPhone 5, creating a great buzz all over the world; but Indian telecom operators are not excited about the newest iPhone at all.

While sales of the iPhones account for a considerable portion of US service operators’ revenues, Indian telecom operators do not the iPhone as a great opportunity.

Indian operators are of the opinion that selling the iPhone is not a good business sense for them because the Cupertino firm’s business proposition for Indian operators are very competitive.

Speaking on the condition of anonymity, an official from a top Indian operator said, “We don’t like their business proposition. They want us to sell a huge number (of the iPhone), which doesn’t make commercial sense.”

Moreover, Indian smartphone market is very price sensitive and thus selling very costly phones is not viable enough.

Even if the iPhone 5 is launched in India, its heavy price will be a major obstacle for consumers. The iPhone 5 is expected to cost in the range of between Rs. 45,000 and Rs. 50,000.

The iPhone 5, which features a bigger (4-inch) display and a slimmer profile than the iPhone 4S, will be available in the United States, Canada, Britain, France, Germany, Hong Kong, Singapore, Japan and Australia starting Sept.
21st.