Mobile Unlocked reveals that some nations are not only
paying more for iPhones, but that the difference is vast when factoring
in the countries “purchasing power parity” (PPP) – how much disposable
income the average person has to spend on an iPhone, based on GDP.
Markups on goods to international markets tend to vary widely based on a large number of factors – import taxes, transportation and production costs, etc., so Apple’s not the only company that’s selling its stock at a premium in foreign markets.
As expected, the cheapest global price of an unlocked iPhone 5S is in Apple’s home market, where in the US it costs $649 (before taxes) on Apple’s site. Compare this to the price in Jordan, where you’ll have to pay a whopping $940 in local currency, and that’s before taxes.
Factoring in the aforementioned GDP PPP, however, you get an idea just how much of a premium those markups result in for the average consumer. The PPP in India is an insane 22.3%, while in nations with a higher GDP like Qatar and Luxembourg, the percentage is around 1%.
Markups on goods to international markets tend to vary widely based on a large number of factors – import taxes, transportation and production costs, etc., so Apple’s not the only company that’s selling its stock at a premium in foreign markets.
As expected, the cheapest global price of an unlocked iPhone 5S is in Apple’s home market, where in the US it costs $649 (before taxes) on Apple’s site. Compare this to the price in Jordan, where you’ll have to pay a whopping $940 in local currency, and that’s before taxes.
Factoring in the aforementioned GDP PPP, however, you get an idea just how much of a premium those markups result in for the average consumer. The PPP in India is an insane 22.3%, while in nations with a higher GDP like Qatar and Luxembourg, the percentage is around 1%.
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