Blog By mariam | 26-07-19
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iPhone has no dearth of fans in India. If anything, India is one of the biggest markets of iPhone globally. No prizes for guessing that it costs different in different countries.
An average Indian spends anywhere around $505 to purchase an iPhone. Whereas the same phone costs around $470 in China and $414 in Japan. Than why are the prices so high in India? There are two main reasons.
Keep reading ahead to know both the reasons.
One of the major problems with India as a market is that India has very high tariffs and taxes, which prevent companies like Apple to sell the iPhone at an affordable price.
Therefore, Apple does not have their own store in India. They sell most of their products through third party re-sellers which is why, we have to pay some extra cost.
Keep reading ahead to know the second reason.
The second reason is that even the labour and the land cost plays a very important role in deciding the price of a product! In India, the prices are very high.
Cities like New Delhi and Mumbai have some of the most expensive real-estate prices in the world and this directly affects the price of any High end company!