Canadians are Paying Less than U.S. Consumers for an iPhone: Report

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According to a new report from BNN, Canadians are actually paying less for an iPhone than the average consumer in the United States. A study reported that the best deals for the iPhone come for customers in Japan and Finland.

The study was released on Tuesday by Linio, the largest online retailer in Latin America, shows the cheapest and most expensive countries to purchase an iPhone. Overall, Canada finished in 14th place with an average price of $555.25 (USD).

In a statement, Managing Director of The Kerton Group Derek Kerton told BNN:

“The HST might add a few per cent to a cheaper country’s price, the dropping Canadian dollar surely plays a role, and Apple probably sets a wholesale cost in Canada that hedges for any risk of the loonie dropping further. Of course, if the Canadian dollar doesn’t drop more, the coffers in Cupertino are more than happy to scrape off a little more profit, compliments of their friends up North.

Occasionally, the pendulum swings the other way, and U.S. consumers come shopping in Canada. You can always find out which way the wind is blowing by talking to Canadians in Vancouver, Sarnia, Niagara Falls, or the Soo [Sault Ste. Marie], or Americans in Bellingham, Detroit, Buffalo, or, the Soo.”

The world’s most expensive iPhone can be found in Venezuela. The analyst said that the cost of $97,813.82 (USD) is due to hyperinflation. All the costs reported in the survey were strictly the cost of the phone itself, not including any carrier plan costs.

A software engineer with a passion for creation and innovation using technology. To learn more about me, check out my personal website, which contains links to my projects. Email: nick@iphoneincanada.ca

  • FragilityG4

    Was it BNN actually doing this alleged report? It might be worth noting they are owned by Bell.

  • FragilityG4

    I just read the BNN article (owned by Bell) and I wonder if the original report was actually posting the statistics of what each nationality is actually buying; i.e. The average price paid based on the model and capacity. I don’t think this has anything to do with the cheapest cost of the device as that is pretty much black and white. Essentially Canadians are choosing to purchase lower models and that’s why we average $555 USD.

  • MrXax

    And yet, I haven’t upgraded in over 4 years. Here’s the thing though; I’ll gladly pay more if they give us the monthly payment plan!

  • Yeah, that makes a lot more sense, as you’re right, the price differences and exchange rates are pretty much black and white, and basic math indicates that the price differences range between around 1.38 for the lower-end models through to around 1.36 for the higher end models — well above the average exchange rate over the past several months.

    That said, there was a 5-6 month time period from late 2014 until April 2015 when the iPhone was significantly cheaper in Canada simply because Apple hadn’t yet adjusted it’s Canadian pricing. When I got my iPhone 6 Plus in January 2015, the tax-in Canadian price actually came out to the same amount as the pre-tax USD retail price.

  • Dehop

    It was a week after the iPhone price got bumped in Canada that I went and got an iPad at 15% off at the Target closing sale. Even after tax, IIRC that ended up being almost $100 USD less than the US price.

    Apple ended up not increasing the iPad pricing until the late 2016 refresh.

  • mcfilmmakers

    They do. Its called a 2 year contract

  • MrXax

    I mean for the phone itself, not for services.

  • mcfilmmakers

    But you need services to use the phone. Why buy the phone with no services? Just buy an ipad.