If you have been considering buying or have already bought one of Apple’s new iPhone 5 smartphones, you might be interested in a new iPhone 5 price comparison infographic which has been put together.
The iPhone 5 infographic after the break shows the price in dollars you can expect to pay in the 22 countries the iPhone 5 is available in around the world.
As you can see from the details of the infographic Italians will be paying the most for their new iPhone’s. Where Hong Kong residents will be paying the least amount of hard earned cash for the new smartphone.
** Note: Prices are on unsubsidised models and after tax. Currently, €1 is equal to $1.2922.
(Click on the image below to see a larger view of the infographic.)
Source: Redmond Pie : App Advice
Understanding the Global Pricing Variations
The infographic highlights the significant differences in iPhone 5 pricing across various countries. For instance, in Italy, the cost of an iPhone 5 is considerably higher compared to other nations. This can be attributed to several factors including higher taxes, import duties, and the overall cost of living in the country. On the other hand, Hong Kong offers the iPhone 5 at the lowest price, which can be linked to lower taxes and a competitive market environment.
In the United States, the iPhone 5 is relatively affordable, especially when compared to European countries. This affordability is partly due to the competitive nature of the U.S. market and the presence of multiple carriers offering subsidized plans. However, it’s important to note that the infographic focuses on unsubsidized prices, providing a clearer picture of the actual cost without carrier discounts.
Factors Influencing iPhone 5 Prices
Several factors influence the pricing of the iPhone 5 across different countries. These include:
1. Taxes and Import Duties: Countries with higher taxes and import duties naturally have higher prices for imported goods, including smartphones. For example, European countries often have higher VAT rates compared to the U.S. and Hong Kong.
2. Currency Exchange Rates: Fluctuations in currency exchange rates can also impact the pricing. A stronger local currency can make the iPhone 5 more affordable, while a weaker currency can increase the cost.
3. Market Demand and Competition: In markets with high demand and intense competition among retailers, prices can be more competitive. This is evident in Hong Kong, where the market dynamics help keep prices lower.
4. Cost of Living: The overall cost of living in a country can influence the pricing strategy of companies. In countries with a higher cost of living, prices for luxury items like the iPhone 5 tend to be higher.
5. Government Regulations: Different countries have varying regulations regarding electronics and telecommunications, which can affect the final retail price of the iPhone 5.
For potential buyers, understanding these factors can provide valuable insights into why prices vary so much from one country to another. It also highlights the importance of considering these elements when making a purchase decision, especially if you have the flexibility to buy from different markets.
The iPhone 5 price comparison infographic serves as a useful tool for consumers looking to understand the global pricing landscape of Apple’s popular smartphone. Whether you’re in Italy, Hong Kong, or the United States, being aware of these price differences can help you make a more informed purchasing decision.
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