The iPhone X costs £250 more in the UK than it does in America, and consumers are not happy.
Pronounced ‘iPhone 10’, the top tier model iPhone X costs ‘just’ $999 (£750) in the US.
However, Brits will be expected to fork out £999 for the high tech device which comes complete with Face ID and ‘augmented reality capabilities’.
when you get your hopes up about getting the iPhone X for christmas but you look at the price tag.. #AppleEvent pic.twitter.com/33mLU3oJ2j
— m. (@justmalizzle) September 12, 2017
When you thought it was safe and you were in the price range of the new iPhone 8, but then they hit you with that iPhone X. pic.twitter.com/F2uPoJWVel
— AdamWiepert (@AJWiepert) September 12, 2017
The dollar to pound exchange rate has been cited as a reason, with the weakness of the pound after Brexit being largely blamed for the price hike.
Plenty of UK Apple users feel they are being taken advantage of. $1 is currently worth 75p, which still doesn’t explain the extent of the price hike.
iPhone X USA price: $999
iPhone X UK price: £999
$999 = £752
Why are Apple charging Brits £247 more than the exchange value? #appleevent— Jack (@jacksmillie) September 12, 2017
@Apple Why is the UK & US version of the IPhone X the same price? Surely you's are pricing yourselves out of UK people wanting to buy this?!
— Jay Collins (@JayCrues) September 13, 2017
Customers have also been asked to bear in mind how the US price is quoted with the exclusion of sales tax.
This tax varies between states and is added on at the point of purchase. Whereas 20% VAT in the UK is already included within the price.
However, even taking into account all these factors, a margin is still left of nearly £100. This is of course a fairly substantial amount for your average British shopper.
there is NO price drop at all from US dollars to pounds in the UK for the new iPhone X, £999??? #AppleEvent pic.twitter.com/YDOa8iCpkZ
— ㅤً (@biebspurpose) September 12, 2017
iPhone X US price: $999
iPhone X UK price: £999
($999=£752)Classic "Rip-off Britain" parity move.
— Sid Verma (@_SidVerma) September 12, 2017
Speaking with the Financial Times, CCS insight analyst Ben Wood explained how Apple are ‘testing the patience and price sensitivity of its customers’:
Rivals will be watching how quickly Apple can meet demand for the iPhone X and begin to build margins on a new design with new components.
The relatively high prices of the iPhone X are a necessary and important mechanism to control demand in the near term.
Apple have still yet to provide a comment.
The spanking new iPhone X, iPhone 8 and iPhone 8+ models were unveiled during yesterday’s annual Apple event.
Despite a tech gaff by Apple’s senior vice president in demonstrating the Face ID function, the phone has blown up the internet with its new features, including wireless charge, OLED display, and lack of home button.
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iPhone X USA price: $999
iPhone X UK price: £999
$999 = £752
Why are Apple charging Brits £247 more than the exchange value? #appleevent— Jack (@jacksmillie) September 12, 2017
Will you be parting with £999 for the iPhone X, or will you just be keeping an eye out for the iPhone 7 price to drop?
Jules studied English Literature with Creative Writing at Lancaster University before earning her masters in International Relations at Leiden University in The Netherlands (Hoi!). She then trained as a journalist through News Associates in Manchester. Jules has previously worked as a mental health blogger, copywriter and freelancer for various publications.