Loading the Elevenlabs Text to Speech AudioNative Player...
🌐
Insight Loop is now weekly! It's Techloy’s insight-based newsletter for paid subscribers that dives deep into groundbreaking technology, products, and the numbers behind them.

Apple's iPhone 18 Pro starts at $1,199 in the US, with 256GB as its base storage. But move the same phone across borders, and that number changes quickly. 

In Nigeria, iStore lists the 18 Pro at ₦2.269 million. South Africa’s iStore lists it at R28,799, Apple India at ₹164,900, and Indonesia’s Digimap at Rp27.499 million. 

Using Wise’s 7 October exchange rates, those prices work out to roughly $1,671 in Nigeria, $1,741 in South Africa, $1,710 in India and $1,540 in Indonesia. South Africa is about 45% above Apple’s US list price. India is 43% higher, Nigeria 39%, and Indonesia 28%. 

But why do we have such a big gap?

If we start with the baseline, Apple’s $1,199 US price excludes state and local sales tax. India’s listed price already includes Goods and Services Tax (GST), and smartphones attract 18% GST. Remove that tax from India’s converted price, and it’s still roughly 21% above the US pre-tax price.  

Even though tax explains some of the difference, it doesn’t explain all. 

Meanwhile, the South African Revenue Service charges 15% Value Added Tax (VAT), while smartphones priced above R2,500 attract a 9% ad valorem excise duty.

For imports, VAT is calculated on a base that includes the customs value, a 10% uplift, and applicable duties. So, the tax is applied to more than the phone’s underlying import value.  

Subscribe for paid membership to continue reading this article

Subscribe Subscribe

Already have an account? Log in