Monday, October 18, 2010

I-Pad price in selected countries...Useful in comparing retail price differences across borders

The price of an I-Pad in various countries.  It is also a good illustration on the differences in sales taxes in said countries as well. The price is across the top on the graph in increments of $100.  I am a little curious as to why it is so costly in China.  The Big Mac Index shows we can get a hamburger for less dollars, why not the I-Pad. I honestly don't know the answer...Any ideas???
The Economist
From The Economist: ""IF YOU fly from Hong Kong to Frankfurt or Paris and look suspiciously like a gadget lover, chances are that you will be searched by customs officers: an iPad with Wi-Fi and 16 gigabytes of memory costs $200 less in the former British colony than in Germany and France. Given the risk of having to pay extra duty (and the price of the flight), potential iPad buyers in both countries ought to consider a trip to nearby Luxembourg, where Apple's popular device is $35 cheaper. The sales tax is only one reason for such differences in price. Consumers in Hong Kong also get a better deal because iPads are assembled in mainland China. Buyers in Switzerland have to pay more because there is less competition between retailers. In China and Mexico, the device may be cheaper because people are poorer. Incidentally, if income is taken into account, consumers in Luxembourg get the best deal: they only have to spend about 0.8% of the city-state's GDP per person on an iPad.""
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