iPhone to Officially Debut in Argentina Next Month, Could Cost Double the Price of Models in U.S.

Discussion in 'iOS Blog Discussion' started by MacRumors, Mar 30, 2017.

  1. MacRumors macrumors bot

    MacRumors

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    All regulatory hurdles that previously made it difficult for Apple to sell the iPhone in Argentina are set to be removed next month, allowing Apple's suite of smartphones to be legitimately sold in the country for the first time in years. According to a person familiar with the Argentinian government's plans (via Bloomberg), President Mauricio Macri is seeking to lift restrictions placed by his predecessor in 2009 that pressured companies to assemble products locally.

    Some companies abided by these rules and opened factories in Argentina, including Samsung, but Apple never did. Now with the restrictions being lifted, Apple will be able to import and sell iPhones created elsewhere to customers in Argentina, although the company will face a hefty import tax. iPhones in Argentina could be "at least 25 percent more expensive" than smartphones assembled locally, according to Bloomberg's source.

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    One Apple reseller in the country, Hector Goldin, thinks it could cost even more than that. Goldin is already preparing pre-orders for iPhones, even though the customers placing the orders have yet to discover exactly how much they'll be paying for Apple's smartphone. Goldin is set to sell five iPhone models at his reseller location in Argentina beginning April 7, and is said to have been informed of the prices of each model, some of which could run "double the price in the U.S." In the past, Apple devices like the iPad have sold for three times as much in Argentina as they did in the U.S.
    Despite the steep price of the iPhone, local phone companies have been wanting to offer the smartphone "for high-end users" who aren't bothered by the expensive cost. Monthly installment plans will also be used by carriers in a bid to make iPhones "more accessible" to a wider group of Argentinians. Before the restriction's lift, iPhones found their way into users' hands in Argentina thanks to "gray market" resellers that imported the devices to sell online.

    Apple is also expanding into Argentina with a new retail location set to open up in Buenos Aires in 2018, which will become Apple's first official retail location in the country. It was reported last month that a group of third-party retailers will also begin selling Apple products in 2017, including electronics chain Frávega, and with today's news that should begin including the iPhone as well.

    Article Link: iPhone to Officially Debut in Argentina Next Month, Could Cost Double the Price of Models in U.S.
     
  2. unibility macrumors 6502a

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    That's one way to keep their shareholders happy and profit margins high. Next up the 10th anniversary iPhone X.
     
  3. Mr. Dee macrumors 68000

    Mr. Dee

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    If it cost that much, I would just wait until the iPhone 7s to get the best bang for my buck. Locally here in Jamaica, they cost at least $1,500 if you were to take into account import duties. I had to smuggle in my 6s in 2015. When customs saw it, he gave me a hard time.

    I wish I had the ability to teleport myself to the US; buy what I want then teleport myself back to my room without the unnecessary travel expenses. That more than $700 in travel fee's would be buying a brand new device every year or saved for other expenses like food.
     
  4. thisisnotmyname macrumors 68000

    thisisnotmyname

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    I guess those protectionist policies explain the booming economy Argentina has had in recent years.
     
  5. B4U macrumors 68000

    B4U

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    So, the consumers cannot buy it from overseas and bring them back to use?
     
  6. tomas.adrian macrumors newbie

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    Yes, we do that...but we're also supposed to pay taxes when entering foreign goods above U$S300.
     
  7. just.jon macrumors member

    just.jon

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    Apple does not earn any additional profit in this scenario. The additional cost to the customer is composed of import duties and sales tax that is collected by the government of Argentina.
     
  8. Abazigal macrumors G4

    Abazigal

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    It's an import tax. Apple doesn't keep a cent of that higher price. It all goes to the government.
     
  9. Penholder macrumors newbie

    Penholder

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    It would be cheaper to buy a flight to New York, buy an iPhone there, spend a few days in a hotel, and fly back, than to buy it here, technology prices are ridiculous here in Argentina
     

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