India is the second most expensive market to buy an iPod nano

India is the second most expensive market to buy an iPod nano

Commonwealth Bank in Australia is interestingly using the Apple iPod nano digital music player to compare global currencies and purchasing power in 26 countries.

Their survey is considering the cost of purchasing the 2GB Nano in these markets. They found that Brazilians pay the most for an iPod.

The iPod nano costs around $327.71 in this market. India was the second most expensive market to purchase the device at a cost of $222.27.

Interestingly, the survey found that Canada was the cheapest market to purchase this device at just around $144.20. Australia itself ranked 19th at $172.36.

Craig James, the Chief Equities Economist at Commonwealth Bank spoke about China: “Interestingly, especially with freight costs close to zero, China is middle ranked in terms of global prices at US$179.84.”

He further said: “The results of the CommSec iPod index won’t provide joy to U.S. policy makers. They want the Chinese Yuan to appreciate, not fall in value against the U.S. dollar.”

The CommSec iPod Index according to the January prices of the iPod nano player:

01. Brazil $327.71
02. India $222.27
03. Sweden $213.03
04. Denmark $208.25
05. Belgium $205.81
06. France $205.80
07. Finland $205.80
08. Ireland $205.79
09. UK $195.04
10. Austria $192.86
11. Netherlands $192.86
12. Spain $192.86
13. Italy $192.86
14. Germany $192.46
15. China $179.84
16. South Korea $176.17
17. Switzerland $175.59
18. New Zealand $172.53
19. Australia $172.36
20. Taiwan $164.88
21. Singapore $161.25
22. Mexico $154.46
23. U.S. $149.00
24. Japan $147.63
25. Hong Kong $147.35
26. Canada $144.20