Last month, Apple announced that for the first time in the history of the company, cash on hand was more than $200 billion. The reason for this is due to eight years of selling iPhones to people all over the world. These phones aren’t cheap, but people are buying them left and right. Generally, the average consumer is going to pay approximately $200 for a new iPhone, but Apple sells these phones to carriers for $600 or more. On average, the selling price is around $660. When you think of the amount of people who are buying these phones, you can easily see why Apple is doing so well.
One thing to keep in mind when looking at the cost of an iPhone is that the cost differs from country to country. There are several reasons for this, from currency fluctuations to tax laws in various localities. The chart below shows how much the costs differ around the world. Remember, you can save money on a new iPhone when you sell your iPhone and put the money towards a new one.
The infographic by WebpageFX shows that the cheapest place in the world to buy a new iPhone is in Canada, and the most expensive place to buy one is in Brazil. If you look at the cost of the phone compared to the average income, the iPhone is the most affordable in South Korea and the United States, and it is the most expensive in Indonesia, India, and the Philippines.
Featured photo credit: Steve Rhodes via flickr.com
The post You’ll Be Stunned: How iPhone Costs Differently Around The World appeared first on Lifehack.