As Apple prepares to launch its latest money-spinning status symbols, Commonwealth Bank of Australia published the annual tablet and smart phone index.
CommSec, the brokerage arm of Commonwealth Bank of Australia, launched the iPod index in January 2007. To compare the purchasing powers of consumers in 57 nations, CommSec's chief economist, Craig James lists the prices charged in dollar terms for the latest iPhones and iPads.
The index was designed as a new way of looking at the purchasing power theory. The «Economist» magazine was the first to come up with a famous consumer goods' index, comparing the price of McDonald's Big Mac charged across the globe.
Consumer Price Comparison
Australia, CommSec's home country, is the 25th cheapest place to buy an Apple iPhone 7, CommSec’s annual review of tech purchasing power showed.
The latest indexes also revealed that Latin American, northern and eastern European consumers are asked to pay the most for their tech devices. Australian customers remain in front of European customers in what they are charged for their iPads but have fallen below a number of European countries on iPhones.
Singapore in 45th Place
«On current exchange rates Hong Kong and Japan are cheapest to buy the iPad Pro 10.5-inch model. Saudi Arabia and Japan appear the cheapest places to buy an iPhone,» James said according to a statement. «On both iPads and iPhones, Brazilian and Argentinian customers pay the highest prices in the world to buy the latest technology.»
Singapore, along with a host of Southeast Asian nations followed in 45th place.
