The selling prices of iPhone models in Vietnam decreased after the appearance of a flagships such as Samsung Galaxy S9 and Sony Xperia XZ2 at MWC (Mobile World Congress) 2018.

A new 64 GB iPhone X, the most expensive model of Apple, is sold at approximately VND24 million at some private shops in HCMC. Users only have to pay VND23 million for products with a warranty. 

In general, the prices of iPhone X imported from unofficial channels decreased by VND500,000 compared with pre-Tet days. Tet is the highest sales season of the year.

At some shops in Hanoi, the cheapest iPhone X version has a quoted price of VND24.5-24.8 million.

Analysts note that the new price levels in Vietnam are much lower than prices quoted at Apple Stores in the US, Singapore and Hong Kong (VND24.5 million, VND24.9 million and VND28.2 million, respectively).

The products officially distributed through authorized resellers have also become cheaper in comparison with the initially quoted prices. 

At some distribution networks, VN/A 64 GB and 256 GB versions are selling for VND26.5 million and VND30 million, respectively, though the official quoted prices are VND30 million and VND33.7 million.

The prices of iPhone 8 and iPhone 8 Plus have also dropped by several hundreds of thousands of dong. Private shops are selling 64 GB iPhone 8 at VND17 million and iPhone 8 Plus at VND23-23.5 million.

The manager of a retail chain on Thai Ha street in Hanoi said demand is always lower after Tet, but the decreases are very small compared with the selling prices. 

He also said iPhone X, like iPhone 8 and iPhone 8 Plus, would see sharp price decreases in the time to come, when more used products arrive in the market and new Android models hit the market.

Buyers who like iPhone products but don’t have enough money to buy officially imported iPhone X, have been advised to buy locked products, which are VND10 million cheaper. A 64 GB locked iPhone X now can be bought at VND20 million.

Locked iPhone X appeared in Vietnam last November, but the supply only became plentiful recently in Hanoi and HCMC, which caused the prices to drop.

However, to be able to use a locked iPhone X, buyers need a small circuit board attached to the main simcard. Use may be interrupted depending on the manufacturers’ policies.

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Thanh Mai