iPhone 14 prices in Vietnam cheapest in the world only after US
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Low demand has driven iPhone 14 prices in Vietnam to the second lowest levels in the world after only the U.S. According to German data portal Statista, the price starts at US$799 in the U.S. while authorized Apple resellers in Vietnam sell it at VND19.7 million ($834.7).
“The iPhone 14 is not popular, and so stores are selling them at close to import prices to recover capital,” said Thanh Son, the owner of a mobile phone showroom in HCMC’s District 1.
But in other Asian markets, the prices are higher. They start at VND22.3 million in Singapore, VND20.7 million in Hong Kong, and VND23 million in Thailand.
In Vietnam, the prices of two high-end models, 14 Pro, and 14 Pro Max, are only VND1 million lower than in the U.S.
The iPhone 14 Pro Max costs VND28 million, down VND3.5 million within just one month. “This is an unexpected development because in previous years, it was not until June or July that iPhone prices fell steeply,” Nguyen Lac Huy, a manager at retail chain CellPhoneS, said.
Unlike at the end of last year, the supply of iPhone 14s is now abundant, so people can choose colors and capacities.
Nguyen Minh Khue, a manager at another retail chain, Viettel Store, said the prices of the entire iPhone 14 range were recently cut by up to VND2 million due to the falling demand and increasing supply.
Some other Apple products are also among the cheapest in the world in Vietnam. An iPad 9 starts at VND7.5 million and a MacBook Air M1 at VND19.9 million, while in the second cheapest market, Hong Kong, the latter still sells at VND23.4 million.
Questions & Answers
Q.What is the primary reason for the low iPhone 14 prices in Vietnam?
What is the primary reason for the low iPhone 14 prices in Vietnam?
The main reason for the reduced prices is low demand for the iPhone 14. Stores are reportedly selling units close to import prices to recover capital due to this lack of popularity.
Q.How do Vietnam's iPhone 14 prices compare to other Asian markets mentioned in the article?
How do Vietnam's iPhone 14 prices compare to other Asian markets mentioned in the article?
Prices for the iPhone 14 in Vietnam are considerably lower than in Singapore, Hong Kong, and Thailand. For example, it starts at VND19.7 million in Vietnam, compared to VND22.3 million in Singapore.
Q.When did iPhone prices typically fall in previous years, compared to this year's trend?
When did iPhone prices typically fall in previous years, compared to this year's trend?
In previous years, iPhone prices usually saw steep declines around June or July. This year, the price drops occurred much earlier, which was an unexpected development for retailers.
Q.Are other Apple products also significantly cheaper in Vietnam, similar to the iPhone 14?
Are other Apple products also significantly cheaper in Vietnam, similar to the iPhone 14?
Yes, other Apple products are also among the cheapest globally in Vietnam. An iPad 9 and a MacBook Air M1 are noted as having very competitive prices compared to other markets, such as Hong Kong.
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