New Delhi, Sept. 10 -- Hilarious memes have surfaced on social media as Apple announced prices for the newly-launched iPhones. As the prices hit the sky, people make fun of their financial condition.

"iPhone Duo is priced at 3 lacs. Samsung is out of the picture; it is now directly competing with the Royal Enfield Himalayan," quipped one user.

"Consider an interesting scenario: if you had to choose between a Royal Enfield Himalayan bike and an iPhone Duo, meaning you could either ride the Royal Enfield Himalayan to Ladakh or sit at home and view Ladakh on your iPhone Duo, given that both cost approximately Rs.3 lakh," came from one user.

One user wrote, "Choose wisely. iPhone 18 - 160k, Buffalo - 120k. iPhone 18 - loses value with time...