Apple Iphone 7 Price In Nigeria

Apple iPhone 7

The iPhone 7 was released in 2016 and was the successor to the iPhone 6s. It was a highly anticipated phone, and many people were eager to see what new features it would bring. The iPhone 7 was praised for its camera, battery life, and overall performance. However, one of the most significant factors that people consider when purchasing a new phone is its price. In Nigeria, the price of the iPhone 7 varies depending on the storage capacity and where it is purchased.

The price of the iPhone 7 in Nigeria is influenced by several factors, including currency exchange rates, taxes, and import duties. As of March 2024, the price of the iPhone 7 in Nigeria ranges from ₦95,000 to ₦215,874, depending on the storage capacity and the store where it is purchased. Online stores like Jumia and PriceNow offer competitive prices for the iPhone 7, and customers can choose from a range of colors and storage capacities. It is essential to note that prices may vary depending on the store and location.

 

Current Apple iPhone 7 Prices in Nigeria

The iPhone 7 is a popular smartphone in Nigeria known for its excellent features and performance. As of March 2024, the price of the iPhone 7 in Nigeria ranges from ₦70,000 to ₦215,874 depending on the storage capacity, color, and seller.

Here is a breakdown of the current prices of the iPhone 7 in Nigeria:

  • iPhone 7 32GB: ₦70,000 – ₦118,900
  • iPhone 7 128GB: ₦139,000 – ₦215,874

It is important to note that prices may vary depending on the location and seller. It is recommended to purchase from authorized resellers to ensure authenticity and warranty coverage.

The iPhone 7 is a great option for those looking for a high-end smartphone with a great camera, long battery life, and powerful performance. It features a 4.7-inch Retina HD display, A10 Fusion chip, 12-megapixel camera, and up to 14 hours of talk time.

Overall, the iPhone 7 offers a great value for its price and is a reliable choice for those in need of a smartphone with impressive features and performance.

 

Factors Influencing iPhone 7 Pricing

When it comes to pricing the iPhone 7 in Nigeria, several factors come into play. These factors can either increase or decrease the price of the device. Here are some of the key factors that influence the pricing of the iPhone 7 in Nigeria.

Import Duties and Taxes

One of the major factors that influence the pricing of the iPhone 7 in Nigeria is import duties and taxes. The Nigerian government imposes a 20% import duty on smartphones, which means that the iPhone 7 attracts an import duty of 20% of its value. Additionally, there is a 7.5% Value Added Tax (VAT) on all goods and services in Nigeria, including smartphones. This means that the final price of the iPhone 7 in Nigeria is significantly higher than its original price in the US or other countries.

Exchange Rates

Exchange rates also play a significant role in determining the price of the iPhone 7 in Nigeria. The value of the Nigerian Naira (NGN) against the US dollar (USD) is constantly fluctuating, and this affects the price of imported goods like the iPhone 7. When the Naira is strong against the dollar, the price of the iPhone 7 in Nigeria is lower. However, when the Naira is weak against the dollar, the price of the iPhone 7 in Nigeria increases.

Retailer Pricing Strategies

The pricing strategies of retailers also influence the price of the iPhone 7 in Nigeria. Retailers in Nigeria often markup the price of the iPhone 7 to make a profit. This markup can be as high as 50% or more in some cases. Additionally, some retailers may offer discounts or promotions on the iPhone 7 to attract more customers. It is important to shop around and compare prices from different retailers to get the best deal on the iPhone 7 in Nigeria.

Overall, the pricing of the iPhone 7 in Nigeria is influenced by a combination of factors, including import duties and taxes, exchange rates, and retailer pricing strategies. By understanding these factors, consumers can make informed decisions when purchasing the iPhone 7 in Nigeria.

 

Comparative Analysis

Price Comparison with Previous Models

The iPhone 7 was released in 2016, and it was a significant upgrade from the iPhone 6s. The iPhone 7 had a faster processor, a better camera, and improved battery life. However, the iPhone 7 was also more expensive than its predecessor.

In Nigeria, the price of the iPhone 7 has decreased over time. In 2024, the iPhone 7 price in Nigeria ranges from ₦70,000 to ₦150,000, depending on the storage capacity and the seller. This price is relatively moderate compared to its launch price in 2016.

Price Comparison with Other Brands

Apple is known for producing high-end smartphones, and the iPhone 7 is no exception. However, the price of the iPhone 7 in Nigeria is relatively similar to other high-end smartphones in the market.

For instance, the Galaxy S21, which is one of the closest competitors to the iPhone 7, is priced between ₦200,000 and ₦300,000 in Nigeria. On the other hand, the Huawei P40 Pro is priced between ₦250,000 to ₦300,000.

Therefore, in terms of pricing, the iPhone 7 is a great option for people who want a high-end smartphone at a moderate price. The iPhone 7 has excellent features and performance, making it a worthy investment for anyone looking for a reliable and long-lasting smartphone.

Where to Buy iPhone 7 in Nigeria

If you’re looking to buy an Apple iPhone 7 in Nigeria, you have several options to consider. In this section, we will explore some of the most popular places to purchase an iPhone 7 in Nigeria.

Authorized Apple Retailers

The most reliable place to purchase an iPhone 7 in Nigeria is through an authorized Apple retailer. These retailers offer genuine Apple products, including the iPhone 7, at competitive prices. Some of the most popular authorized Apple retailers in Nigeria include iStore Nigeria, Slot Nigeria, and Finet Experience Center.

Online Marketplaces

Another option to consider when purchasing an iPhone 7 in Nigeria is through online marketplaces. Online marketplaces like Jumia, Konga, and Slickmobile offer a wide range of smartphones, including the iPhone 7, at competitive prices. However, it is important to exercise caution when purchasing from online marketplaces to avoid scams and fake products.

Local Electronics Stores

Finally, local electronics stores are another option to consider when purchasing an iPhone 7 in Nigeria. These stores offer a more personalized shopping experience and may offer competitive prices. However, it is important to ensure that the store is reputable and offers genuine Apple products before making a purchase.

In summary, there are several options to consider when purchasing an iPhone 7 in Nigeria, including authorized Apple retailers, online marketplaces, and local electronics stores. It is important to exercise caution and ensure that you are purchasing genuine Apple products to avoid scams and fake products.

Tips for Getting the Best Deals

If you’re in the market for an Apple iPhone 7 in Nigeria, there are a few things you can do to maximize your chances of getting an attractive price on your device. Here are some tips to help you get the best deal:

Seasonal Discounts and Promotions

One of the best ways to save money on an iPhone 7 is to take advantage of seasonal discounts and promotions. Many retailers and websites run regular deals and promotions, especially during major holidays such as Christmas, Black Friday, and Cyber Monday. Keep an eye out for these deals and promotions and take advantage of them when they become available.

Negotiating for Better Prices

Another way to get a better deal on an iPhone 7 is to negotiate with the seller. If you’re buying from a physical store, try to negotiate with the salesperson to see if they can offer you a better price. If you’re buying online, reach out to the seller and see if they’re willing to negotiate on the price. Be polite and respectful when negotiating, and be prepared to walk away if you can’t get the price you want.

In addition to these tips, it’s also important to do your research and compare prices from different retailers and websites. Look for deals and promotions, and don’t be afraid to negotiate for a better price. By following these tips, you can save money on your Apple iPhone 7 purchase in Nigeria.

Warranty and After-Sales Services

When purchasing an iPhone 7 in Nigeria, it is important to consider the warranty and after-sales services available. Apple offers a limited warranty on its products, including the iPhone 7, which covers defects in materials and workmanship for one year from the date of purchase. This warranty does not cover accidental damage or damage caused by unauthorized modifications.

To check if your iPhone 7 is covered by the limited warranty, you can enter the serial number of the device on the Apple Support website. If your device is not covered by the limited warranty, you may still be eligible for repair services through Apple’s out-of-warranty repair program.

In addition to the limited warranty, Apple also offers AppleCare+ for the iPhone 7, which extends the warranty coverage to two years and includes coverage for up to two incidents of accidental damage. AppleCare+ also provides technical support from Apple experts.

If you experience any issues with your iPhone 7, you can take it to an official Apple service center in Nigeria, such as iService Nigeria, which is one of the major Apple partners in Nigeria that engages in sales and repairs of Apple products such as iPhones. They offer repair services for a fee, and their address is 40 Alhaji Muili Str off Kudirat Abiola Way Ikeja, Lagos.

It is important to note that if your iPhone 7 has been modified or repaired by an unauthorized third party, it may not be eligible for warranty or repair services from Apple. It is recommended to only have repairs done by official Apple service centers to ensure the best possible service and to avoid voiding the warranty.

Future Price Trends of iPhone 7

The iPhone 7 was released in 2016 and has remained a popular choice for many smartphone users in Nigeria. As newer models have been released, the price of the iPhone 7 has gradually decreased. However, it is important to note that the price of the iPhone 7 may still fluctuate depending on various factors such as demand, supply, and inflation.

Looking into the future, it is expected that the price of the iPhone 7 will continue to decrease gradually. This is due to the fact that newer models will continue to be released, making the iPhone 7 a less desirable option for some users. Additionally, as technology advances, the price of older models tends to decrease.

However, it is important to note that the price of the iPhone 7 may also be affected by external factors such as inflation and currency exchange rates. If the value of the Nigerian Naira decreases in comparison to the US Dollar, for example, the price of the iPhone 7 may increase.

Overall, while the price of the iPhone 7 is expected to continue to decrease, it is important to consider external factors that may affect its price in the future. As always, it is recommended to research and compare prices from various sources before making a purchase.

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