iPhone 7: How Much Does It Cost Around The World?

iPhone 7: How Much Does It Cost Around The World?
Image Source: Apple Inc

If you want to know how much the iPhone 7 costs around the world, I am going to provide you with everything you need to know. As you are probably already aware, Apple books its sales in dollars. So if your country’s currency has fallen against the dollar, you will likely have to pay more.

Most expensive places to own an iPhone 7

Hungary is the most expensive place in the world to buy an iPhone 7. If you want to own one in this country, you are looking at having to pay a hefty 44% more.

However, it is not only Hungary that faces high prices. Consumers in Europe have to pay the highest prices in the world for the latest Apple device. The second most expensive in the world is Italy, followed by Norway. The cost to own an iPhone 7 is hundreds of dollars higher when you compare the prices to the relatively small amount paid by consumers in the U.S. and Canada.

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The U.K. and Brexit

The price of the iPhone 7 in the U.K. has risen by $79/ £60 compared to last year. However, this does not take into account the fact that Apple has changed the base storage level from 16GB to 32GB. As for the role Brexit has played in this price change, it has pushed the price up, but the U.K. remains one of the cheapest places in Europe to buy the iPhone 7.

iPhone 7 price and sales taxes

Wherever you are in the world, there’s a chance that the price will increase due to sales taxes. In most countries, sales tax is included in the price. However, in the U.S. and Canada, things can get a little tricky due to each state having its own tax laws. As such, some states add sales tax onto the price of the handset, while others don’t.

One example is New York, which takes 8.875%, so the iPhone 7 will set you back more than $700. But in other states, there’s no sales tax, so you could be lucky enough to pay $638.

Price increases and declines

As I mentioned earlier, the most expensive region in which to buy the iPhone 7 is Europe. Most countries on that continent have seen a price increase, with the U.K. at 11% and Ireland at 22%. Outside of Europe, the price in New Zealand has risen 16%.

However, the cost to buy an iPhone has not increased everywhere. There are, in fact, some places which have seen a decline in the price, including countries like Hong Kong, Japan, the UAE, and China. While the price drop in these countries is relatively minor, in places like Mexico and Russia, the price has fallen by 4.5% and 5% respectively.

Why have different prices in different countries?

For the sake of time and to touch just briefly on how complicated this question is to answer, here’s the layman’s answer to this question. Many different factors cause country-by-country price differences, such as foreign exchange rates, the cost of being in business, and as I mentioned before, local sales taxes. All of these factors and more have an effect on the final retail price seen by consumers.

iPhone 7 32GB Price around the World
Source: telegraph.co.uk

How much does the 32GB iPhone 7 cost around the world?

So let’s get to the part you’ve been waiting for. The cost of the 32GB iPhone 7 variant around the world in U.S. dollars and U.K. pounds:

  • Hungary: $922/ £700
  • Italy: $889/ £675
  • Russia: $876/ £665
  • New Zealand: $873/ £663
  • Ireland: $868/ £659
  • France: $858/ £651
  • Spain: $856/ £650
  • Mexico: $814/ £618
  • China: $798/ £606
  • United Kingdom: $789/ £599
  • Hong Kong: $713/£541
  • UAE: $699/ £531
  • Canada: $686/ £521
  • USA: $641/ £487

Source: telegraph.co.uk

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