Posted in: iOS, Mobile phones

Apple iPhone 5S price map shows the smartphone is most expensive in India

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It’s common knowledge that Apple’s iPhone is a bit on the expensive side when compared to most smartphones. But just how much of a markup is it getting in international markets?

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%.

Source | Via

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