It is cheaper for a Hungarian to buy a return flight to Hong Kong or the United States and buy the new iPhone X there than it is to buy it in Hungary.
The price of the iPhone X (64GB) in countries:
Hungary — $1,481
Italy — $1,425
Ireland — $1,413
India — $1,390
Germany — $1,376
U.K. — $1,325
China — $1,284
Australia — $1,269
Singapore — $1,225
Hong Kong — $1,099
U.S. — $999
For consumers in Hungary, Ireland, India, and the U.K., the prices are significantly higher than the U.S. price due to sales tax or value added tax (VAT).
USD 1,481 is 230% of the average monthly salary in the country. But repeat after me: Hungary is cheap. Totally. When you come as a tourist and compare the prices in the restaurant. Not much else.
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Data: Vice
