Revealed - Cheapest and most expensive places to buy iPad

iPad Index 2013: How much does the iPad costs in 46 countries

The UAE is among one of the cheapest countries to buy the fabled Apple iPad, a new report has revealed.

The iPad Index 2013 ranks 46 nations on a unique parameter – the price of the 16GB iPad with retina display, and the UAE features among the top 15 cheapest countries in that ranking.

CommSec, or Commonwealth Securities, is an Australia discount stockbroking firm operated by the Commonwealth Bank of Australia.

Its latest research, the iPad Index 2013, released last week, compares the price of the 16GB WiFi-enabled iPad in 46 countries across the world and tracks the impact of currency changes on consumer spending, globalisation and retailer margins.

CommSec economists Craig James and Savanth Sebastian maintained in their presentation of the findings that such a price comparison identifies countries with currencies that are either overpriced or underpriced, and could be a good gauge for forex and other investors.

This ranking isn’t too different in principle from the Big Mac Index, which is published by The Economist, and is an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries.

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