Lon Coldwell
iPF Noob
Just got back from a visit in China and bought a new ipad air more than 100.00 cheaper than here in the USA. Bought from the Apple store in China.
The mysteries of world economics is not a subject that we, the unenlightened consumer, can possibly understand.
Or: There are lots of international tariffs, taxes, exchange rates, and regulations involved. Apple probably makes close to the same profit on a sale in China as they do in the United States. They change the price in each country to keep that profit margin.
If you want to see the expensive side of this equation check out the prices of Apple products in Brazil. I haven't looked myself, but I've been told the difference is scary.
First, Bob is back. Yeah, Go Bob go.
To answer your query, it has to do with the declining Yen vs. the proportionate diversionary funding of third world second tier bank debt, vs. the rise in the Euro plus the cost of the yen at its lowest third quarter level, minus the tertiary levels of the underlying securities bound to the debt.
See, it is simple.
In the Philippines it costs like 10 times the amount of pesos you have to pay for an iPhone 4S than in america when converted into pesos, it would only cost 2000 pesos.
So its like:
My country: 20,000
America: 2000
Basically the reason is because of international trades and economy. Since the Philippines sucks at that, well you know the drill.
According to Google's currency converter, the iPad Air at $499 US dollars is 21,781 Philippine Pesos: roughly a 1:43 exchange rate.
If you're paying 20,000 pesos for an iPad Air (base model), then you are getting a (slight) deal. At least at the moment. Exchange rates change constantly.
Or, I am missing something. Since you are there, and I'm not, that's very possible.
It kinda costs around 30,000 pesos or 40,000 here.
Kinda want to go to america for a greener pasture. But capitalism is something that worries me so.So, approaching twice as much as here. Painful.
Kinda want to go to america for a greener pasture. But capitalism is something that worries me so.
This is turning to a political discussion lol. Gotta stop before this grows.I was under the impression that the Philippines is a capitalist economy. Unless it has changed drastically from the early 80's it's not Socialist, and certainly not Communist.