LG Nexus 4 Might not be so cheap around the world

I know we all are excited about the new LG Nexus 4 smartphone. Especially here in the US and Eruope.  As you may know that the Nexus 4 will cost $299.99 here in the US.  But in other countries it might even be a lot hire than that.  In Italy, it may cost $768.99 USD. Now that is a lot of money for just one phone.  What is up with the prices being so high like that?  Will customers still buy this phone in other countries? Would you buy that phone if it were at $800 price tag?