Deutsche Bank: iPhone Most Expensive in Turkey, 2.2 Times US Price

A study by Deutsche Bank covering 41 countries reveals that Turkey has the highest iPhone prices. According to the report, the price of an iPhone sold in Turkey is approximately 2.2 times the US sales price. This is attributed to high tax rates and exchange rate fluctuations in Turkey. The research shows Turkey ranks first among countries where iPhones are sold at the highest prices. Deutsche Bank's data indicates that consumers in Turkey pay significantly more for iPhones compared to consumers in the US. This difference has become more pronounced recently due to the depreciation of the Turkish lira and inflationary pressures. The report attributes the variation in iPhone prices across countries to factors such as local tax policies, import costs, and exchange rates. High Special Consumption Tax (SCT) and Value Added Tax (VAT) rates in Turkey significantly increase the price of iPhones. Additionally, the rise in the dollar exchange rate is another factor driving prices up. This study by Deutsche Bank once again highlights the high cost of accessing technology products in Turkey. Particularly for luxury consumer goods like iPhones, prices in Turkey are well above the global average, negatively impacting consumers' purchasing power. This is not investment advice.