If you are planning to buy an iPhone in Mexico, you might be wondering how much it costs and how to find the best deal. The answer depends on several factors, such as the model, the exchange rate, the taxes, and the availability. 

In this article, we will give you an overview of the iPhone prices in Mexico, the factors that affect them, and some tips to save money when buying an iPhone.

Overview of iPhone Models Available in Mexico and Their Prices

Apple offers a range of iPhone models in Mexico, from the latest iPhone 15 series to the older iPhone 14 series. The prices vary depending on the storage capacity, the color, and the carrier. 

Here are the official prices of the iPhone models available in Mexico as of February 2024, according to Apple’s website:

  • The iPhone 15 Pro Max: from MXN 32,999 to MXN 40,999
  • iPhone 15 Pro: from MXN 28,999 to MXN 36,999
  • iPhone 15: from MXN 19,999 to MXN 25,999
  • The iPhone 14 Pro Max: from MXN 26,999 to MXN 34,999
  • iPhone 14 Pro: from MXN 22,999 to MXN 30,999
  • iPhone 14: from MXN 15,999 to MXN 21,999

These prices are for the unlocked versions of the iPhones, which means you can use them with any carrier of your choice. However, some carriers may offer discounts or installment plans if you buy an iPhone with a contract or a plan.

Factors that Affect iPhone Prices in Mexico

The prices of the iPhones in Mexico are not fixed and may change over time due to various factors. Some of the main factors that affect the iPhone prices in Mexico are:

Exchange Rates

The iPhone prices in Mexico are based on the US dollar prices, which are converted to Mexican pesos using the current exchange rate. Therefore, if the peso depreciates against the dollar, the iPhone prices in Mexico will increase, and vice versa. For example, in October 2020, the iPhone 12 cost US$943 in the US and MXN 22,499 in Mexico, which was equivalent to US$1,003 at the exchange rate of 22.4 pesos per dollar. However, in February 2024, the iPhone 15 costs US$999 in the US and MXN 19,999 in Mexico, which is equivalent to US$857 at the exchange rate of 23.3 pesos per dollar.

Taxes and Import Duties

The iPhone prices in Mexico include the value-added tax (VAT) of 16%, which is added to the base price of the iPhone. Additionally, the iPhones are subject to import duties, which vary depending on the country of origin and the trade agreements. For example, the iPhones that are made in China are subject to a 15% import duty, while the iPhones that are made in India are subject to a 0% import duty, due to the free trade agreement between Mexico and India.

Availability

The availability of the iPhones in Mexico may also affect the prices, as the supply and demand may fluctuate depending on the season, the popularity, and the stock. For example, when a new iPhone model is launched, it may be in high demand and low supply, which may drive up the prices. Conversely, when an older iPhone model is discontinued, it may be in low demand and high supply, which may lower the prices.

Tips for Finding the Best iPhone Deals in Mexico

If you want to buy an iPhone in Mexico, you may want to look for ways to save money and find the best deal. Here are some tips that may help you:

Shop During Major Sales

One of the best times to buy an iPhone in Mexico is during major sales, such as Black Friday, Cyber Monday, Buen Fin, or Navidad. During these sales, you may find discounts, coupons, or cashback offers from various retailers or carriers, which may reduce the price of the iPhone significantly.

Consider Purchasing from Authorized Retailers

Another way to save money when buying an iPhone in Mexico is to purchase from authorized retailers, such as Apple Stores, iShop, MacStore, or Liverpool. These retailers may offer better prices, warranties, services, and support than unauthorized or unofficial sellers, which may sell counterfeit, refurbished, or stolen iPhones.

Look for Special Promotions or Bundle Deals

You may also want to look for special promotions or bundle deals that may offer you additional benefits when buying an iPhone in Mexico. For example, you may find promotions that offer you free accessories, such as AirPods, cases, or chargers, when you buy an iPhone. Alternatively, you may find bundle deals that offer you discounts when you buy an iPhone with other Apple products, such as an iPad, a Mac, or an Apple Watch.

Conclusion

Buying an iPhone in Mexico can be a rewarding experience if you know how much it costs and how to find the best deal. By following the tips in this article, you may be able to save money and enjoy your iPhone to the fullest.