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Home Mobile

Malaysia Cheapest Place in the World to Buy an iPad

by Pang Tun Yau
September 23, 2013
128GB 4th Gen iPad Now Available At Apple Malaysia Online Store, Price Starts At RM 2399
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4th Gen iPad with 128GB storage

A price index by the Commonwealth Bank in Australia has revealed that Malaysia is the cheapest place in the world to purchase an iPad. As a means of determining whether currencies are valued appropriately, CommSec – a unit in the Commonwealth Bank – has both an iPod and an iPad index.

WSJ states according to the economic theory of purchasing power parity, a product should retail at the same price in every country when converted to a common currency (usually in US dollars). As the chart below shows, that isn’t the even remotely the case. An iPad Retina 16GB (WiFi Only) has a retail price that varies as much as $620 around the world. Argentina’s local price for the iPad is the costliest, at a cool $1094 (around RM3440) while Malaysia has the lowest iPad retail price around the world, at $474 (around RM1490 – pretty accurate to the RM1499 price listed on Apple’s online store).

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commsec-ipad-cheapest-world

While CommSec does not have an index for the iPhone, a recent price comparison for global iPhone 5, 5c and 5s prices also reveal that Malaysian retail prices for the iPhone 5 stays largely true to US prices, and the trend should continue with Apple’s latest iPhones.

Cheers for the tip, Laineehhh!

(Source: WSJ)

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