Overpriced iPhones in Russia
Russia is on the rise and the people have gotten relatively rich in the last 2 decades after the collapse of the USSR. In fact, Moscow is now the most expensive city in the world to live in and boasts more billionaires than any other says Zune Accessories. It comes as no surprise that Russia carries a huge potential market for mobile phones and is the one of the highest with over 127 million subscriptions. The iPhone will begin selling on October 3rd and it is expected to sell over 150,000 before the year is out! 8 gigs go for 22,999 roubles ($923.6) and 16 gigs for 26,999 roubles or about $1,080.