Comments
Even though the new iPhone, to be released on September 20, is getting cheaper compared to the iPhone X, the citizens of some countries might not jump for joy at this prospect. In many places around the world, the iPhone is significantly more expensive than in the United States (US)
While an iPhone 11 with a memory of 64GB, no contract, trade-in or sim-lock will cost a US customer around $750, (depending on state and local sales tax), this would still be considered cheap in other countries. Indian consumers must shell out more than the equivalent of US$900 for the exact same phone, making it 19 per cent more expensive in the country. The iPhone11 Pro (64GB) is even 29 per cent more expensive in India.
One factor making the iPhone more expensive abroad is the low US sales tax of under 10 per cent in many places. In Japan, a country with an equally low sales tax, the iPhone is barely more expensive than in the US In France, sales tax for the iPhone 11 is approximately $160, compared to around US$100 in the US. In the case of India, Apple does not manufacture in the country.
As India is protecting its markets, Apple has to pay an import duty on iPhones that reflects in the price of the product. Chinese phone makers like Oppo and Xiaomi have set up factories in India and are able to bring their phones to market at a much lower price this way. As a result, the market share of Apple in India is as low as 1 percent.
Read the whole article here .
Source: Statista
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.