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Iphones at discounted prices?

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Wd40
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Iphones at discounted prices?

Postby Wd40 » Mon, 23 Dec 2013 7:09 pm

I thought Iphones are sold at the same price everywhere? No?

While googling I found this store that sells Iphone 5C at $688 compared to the apple store price of $848

http://redwhitemobile.com/new-phones/

I am considering picking up a white Iphone 5C for the wife, but wondering if theres any catch.

ZZM any comments?

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Postby zzm9980 » Tue, 24 Dec 2013 9:44 am

There's usually a 10-15% range you can see the devices discounted. This shop seems to have really good prices on them. I'm guessing they really overestimated the demand. Their other prices (say on things such as iPads) seem more realistic. I'd suggest going there in person and making sure it's not a refurb.

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Postby zzm9980 » Tue, 24 Dec 2013 9:46 am

Oh, I found the catch WD:

Are our price inclusive of GST?
As we are not GST registered company so all our prices listed here is nett price.


So add 7%. Apple price includes GST already.

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Postby Wd40 » Tue, 24 Dec 2013 10:00 am

Thanks ZZM, I will go there and check.

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Postby x9200 » Tue, 24 Dec 2013 10:06 am

Another thing to check is the warranty. Some have "international", some something what the called "Apple warranty set". I am not sure about Apple but for photographic equipment the type of warranty may have a significant impact on the price.

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Postby zzm9980 » Tue, 24 Dec 2013 5:18 pm

x9200 wrote:Another thing to check is the warranty. Some have "international", some something what the called "Apple warranty set". I am not sure about Apple but for photographic equipment the type of warranty may have a significant impact on the price.


Yeah, the shop's site also mentions that. Some have warranty, some don't. If
'apple warranty set' means standard Apple Warranty for SG, then it will be valid in Singapore and Hong Kong.

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Postby Strong Eagle » Wed, 25 Dec 2013 7:01 am

zzm9980 wrote:Oh, I found the catch WD:

Are our price inclusive of GST?
As we are not GST registered company so all our prices listed here is nett price.


So add 7%. Apple price includes GST already.


Not true. If they are not a GST registered company it means:

a) Their annual turnover is under 1 million, and
b) They cannot collect GST because they do not remit it.

Therefore, if they say $100, they cannot add anything to it.

In fact, with the exception of restaurants, any retail operations prices must be the final price, whether or not the GST tax is included or not.

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Postby x9200 » Wed, 25 Dec 2013 8:02 am

Yeah, but it is still a pretty common practice not to include GST to the price. The company can be reported to IRAS. Sometimes, I believe, the sell can be enforced at the lower price.

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Postby Wd40 » Wed, 25 Dec 2013 10:16 am

The website mentions that the prices are "Nett".
In Singapore, "Nett" means everything included.

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Postby zzm9980 » Wed, 25 Dec 2013 6:29 pm

Wd40 wrote:The website mentions that the prices are "Nett".
In Singapore, "Nett" means everything included.


I'm unsure on this, and the first link that came back via Google (wiki answers) specifically said it didn't include GST. I'll admit though I won't take WikiAnswers as definitive proof. but, that combined with my experience in Singapore of any advertised price for a popular electronic that sounds "too good to be true" is usually grey-market and/or without GST.

http://wiki.answers.com/Q/Does_nett_pri ... T?#slide=2

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Postby zzm9980 » Wed, 25 Dec 2013 6:30 pm

Strong Eagle wrote:
zzm9980 wrote:Oh, I found the catch WD:

Are our price inclusive of GST?
As we are not GST registered company so all our prices listed here is nett price.


So add 7%. Apple price includes GST already.


Not true. If they are not a GST registered company it means:

a) Their annual turnover is under 1 million, and
b) They cannot collect GST because they do not remit it.

Therefore, if they say $100, they cannot add anything to it.

In fact, with the exception of restaurants, any retail operations prices must be the final price, whether or not the GST tax is included or not.


So if point A and B are true, does that mean there is no GST required to be paid, or the burden lies on the costumer to report and pay it? (Like online sales tax in the US)

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Postby Wd40 » Wed, 25 Dec 2013 7:39 pm

zzm9980 wrote:
Wd40 wrote:The website mentions that the prices are "Nett".
In Singapore, "Nett" means everything included.


I'm unsure on this, and the first link that came back via Google (wiki answers) specifically said it didn't include GST. I'll admit though I won't take WikiAnswers as definitive proof. but, that combined with my experience in Singapore of any advertised price for a popular electronic that sounds "too good to be true" is usually grey-market and/or without GST.

http://wiki.answers.com/Q/Does_nett_pri ... T?#slide=2


Actually, after I made the original post, I checked out a few more sites and the price is very similar.

http://www.mobilesquare.com.sg/products ... asp?cid=22

This is a very popular shop and their prices are with GST and the price is only slightly higher($700) compared to the shop in the original post.

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Postby zzm9980 » Wed, 25 Dec 2013 8:27 pm

Wd40 wrote:
zzm9980 wrote:
Wd40 wrote:The website mentions that the prices are "Nett".
In Singapore, "Nett" means everything included.


I'm unsure on this, and the first link that came back via Google (wiki answers) specifically said it didn't include GST. I'll admit though I won't take WikiAnswers as definitive proof. but, that combined with my experience in Singapore of any advertised price for a popular electronic that sounds "too good to be true" is usually grey-market and/or without GST.

http://wiki.answers.com/Q/Does_nett_pri ... T?#slide=2


Actually, after I made the original post, I checked out a few more sites and the price is very similar.

http://www.mobilesquare.com.sg/products ... asp?cid=22

This is a very popular shop and their prices are with GST and the price is only slightly higher($700) compared to the shop in the original post.


I'm surprised then. Grats, looks like you found yourself a deal. The 5S and 5C's prices are slightly higher than equivalent older models, so I wonder if Apple kept the wholesale price the same and just gave the retails that extra margin as room for discounts.

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Postby Strong Eagle » Wed, 25 Dec 2013 11:35 pm

zzm9980 wrote:
Strong Eagle wrote:
zzm9980 wrote:Oh, I found the catch WD:

Are our price inclusive of GST?
As we are not GST registered company so all our prices listed here is nett price.


So add 7%. Apple price includes GST already.


Not true. If they are not a GST registered company it means:

a) Their annual turnover is under 1 million, and
b) They cannot collect GST because they do not remit it.

Therefore, if they say $100, they cannot add anything to it.

In fact, with the exception of restaurants, any retail operations prices must be the final price, whether or not the GST tax is included or not.


So if point A and B are true, does that mean there is no GST required to be paid, or the burden lies on the costumer to report and pay it? (Like online sales tax in the US)


It means no GST. When my company revenues were under 1 million, my clients' invoices for professional services did not include GST.

After I broke the million dollar barrier, I added 7 percent GST so that a 1000 bill became, $1070. But, none of them cared because they were also GST registered and they got to deduct GST paid before making GST payments to the government. Same for me. I paid GST on supplies and equipment for my company but deducted that from the GST I owed when making quarterly GST tax payments.


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