Why do people buy iPhones when they are so expensive?

Brand Value & Currency Apple also keeps considerable profit margins for its smartphones, which many industry experts have said to be somewhere around 500 percent! Currency depreciation is another major factor why the iPhone is expensive in India and relatively cheaper in countries like Japan and Dubai.

In which country iPhone is most expensive?

iPhone 13 is most expensive in Brazil, India and other countries, cheapest in the US

• iPhone 13 models sell at the most affordable price point in the US.
• The maximum price for the phones is seen in Brazil.
• Turkey also ranks as the costliest place to get some models of the new iPhone series.

Why is it so expensive to upgrade your iPhone?

Sawhney: Apple does something else that’s a bit sneaky, which is that when you’re buying the iPhone, you can’t add memory to it. So if you want more memory, you have to pay more Apple tax. Narrator: With Apple’s computers, these upgrades get even more expensive.

Why is the iPhone 11 so expensive?

1 Apple’s reputation and brand allow it to charge a premium for its high-end products like the iPhone 11 Pro Max. 2 And adding memory or storage to these products increases the cost even more. 3 Because of this “Apple Tax” Apple products are often more expensive than its competitors. 4 Visit Business Insider’s homepage for more stories.

Why are Apple products so expensive?

Because of this “Apple Tax” Apple products are often more expensive than its competitors. Visit Business Insider’s homepage for more stories. Following is a transcript of the video. Narrator: In 2016, the iPhone 7 started at $649. Three years later, Apple’s flagship iPhone cost 54\% more. It’s even more dramatic for the Mac Mini.

Why do people buy new iPhones so often?

The answer lies in Apple’s software, and it’s a key part of the company’s strategy to keep millions of people buying new iPhones. Apple releases a new mobile operating system every year, and that keeps a powerful cycle in motion.