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Brazil Is The Most Expensive Place In The World To Buy An iPhone 5s

Gold Champagne iPhone 5S from TLDToday

Apple opened its first store in Brazil over the weekend — with around 1,700 impatient South American Apple lining up to be the first through the doors.

The Apple Store, located in Rio de Janeiro, holds the (dubious) distinction of offering the highest priced iPhone 5s currently available on the market. The 16-gigabyte, contract-free model is selling for 2,799 Brazilian reals — a figure that translates as $1,174.

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