New iPhone to cost the most in Hungary
apple
The newly revealed iPhone 7 will cost the most in Hungary anywhere in the world, with Hungarians required to pay approximately 44% more for the device than in the United States for an entry-level model, according to calculations published by U.K. online news site The Telegraph.
The new iPhone 7. (Photo: Apple)
The Telegraph said that Europe is the region where the handset will hit shelves at the highest prices. In Hungary, the device is expected to retail at around HUF 256,058, The Telegraph reported. The new iPhone’s predicted price is only a few dollars short of the country’s average gross monthly wage, which was measured at HUF 259,875 in June this year, and a net HUF 172,818 per month.
However, Hungarian online daily index.hu points out that the U.S. price does not include taxes, which vary in different states around the country, while European prices all include VAT. Even so, the price of the phone including VAT is still expected to be lower in the U.S. compared to Europe.
Prices in countries are determined by many factors, such as the tax system, exchange rates and shipping costs.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
