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SYDNEY Christian Yelich Jersey , Sept. 11 (Xinhua) -- Last year Australia was the 17th cheapest country in the world to buy an iPhone, but on the eve of Apple's 2017 iPhone 8 (or iPhone X) launch, Australia has fallen to No. 25.

With many left asking the question why Australians are paying so much for the device, a new report by Commsec on Monday believed they may have found the answer.

"It could be argued the Aussie dollar is too high against major currencies on current fundamentals," Commsec economist Craig James said in the iPhone price index report.

"Certainly at current exchange rates Australian consumers would find the latest iPad or iPhone less expensive to buy in a raft of Asian countries together with the United States and Canada."

In 2016 Cameron Maybin Jersey , the Aussie dollar was buying around 0.76 U.S. cents and in the previous year, it was sitting even lower at 0.69 U.S. cents.

However, strength in commodity prices and weakness in the greenback have seen a surge in the local currency this year, with the Australian dollar around two-year highs at 80.5 U.S. cents.

On current figures, an iPhone 7 (32 GB) purchased downunder will cost 1 Bryan Holaday Jersey ,079 Australian dollars or 869.67 U.S. dollars when adjusted with exchange rates, but in America the price is 24 percent lower at 649 U.S. dollars.

"When the currency strengthens it does pose challenges for Aussie retailers," James said.

"If they don't pass on the benefits to customers in the form of cheaper imported goods, Aussie consumers may go online and source the goods from abroad."

"Or Aussie tourists may purchase goods abroad in preference of buying goods locally."

Although many Australians may feel as though they are getting a raw deal, most analysts still expect Apple's new model to secure record sales downunder.

A boost is much needed for the brand Brian Anderson Jersey , which was overtaken in global sales for the first time by Chinese smartphone giant Huawei, according to Counterpoint Research's June and July figures for 2017.

But not all currency experts agree that "over-valuation" of the Australian dollar is to blame for the inflated price of iPhones.

"The report is a measure of purchasing power parity, where one good is priced relative to another, but when it comes to things like the iPhone, where it's made and the cost of electronic goods more broadly Brad Ziegler Jersey , they're just more expensive in Australia then they are in the U.S," IG chief market strategist Chris Weston explained to Xinhua.

"It's a structural issue, I don't think it's reflective of exchange rates or other forces, it's just a reflection that electronic goods in America have been cheaper for a long time."

"We're a massive island in the middle of nowhere, they can charge us whatever they like and we will end up paying it."

Although he disagreed with the iPhone index report's evaluation of Australia's currency Andre Dawson Jersey , Weston admitted the information could still be useful for Aussie consumers.

"From a trading perspective I wouldn't give it any consideration whatsoever and from a monetary policy perspective I wouldn't give it any consideration either," Weston said.

"But from a view of where in the world should I buy an iPhone, then maybe."

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ISLAMABAD, Sept. 12 (Xinhua) -- At least 21 people were killed and several others injured in two separate road accidents in northern and southern part of the country on Tuesday Cheap Marlins Hats , local media reported.

According to a spokesperson for the National Highways and Motorways Police, at least 14 people were burnt to death and six others got injured when a passenger van caught fire after colliding head-on with a trailer in Pakistan's Rawalpindi district, a city in Punjab province.

Immediately after the accident, the fire brigade officials reached the scene and doused the fire, said rescue officials.

The injured were shifted to the Pakistan Institute of Medical Sciences in Islamabad Cheap Marlins T-Shirts , a hospital in the capital city of the country, where some of the injured people reported to be in critical condition, said the hospital sources.

The ill-fated passenger van was coming from Jhang, a district in Punjab, to Rawalpindi when the accident happened.

The motorway police said the identities of the deceased passengers have yet to be determined.

In another accident Cheap Marlins Hoodies , which happened at about 7:30 a.m. local time, at least seven people were killed and five others sustained injuries in a collision between a passenger van and a truck-trolley in the country's southern port city of Karachi.

The rescue teams and police reached the spot after the accident and shifted the bodies and injured, which included women and children, to a nearby hospital where the condition of the two injured is said to be critical.

According to initial investigations, over-speeding was the cause of both accidents.

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