Working days needed to afford an iPhone XS

This is an archived report. The latest ranking is available here.

On the 12th of September, Apple Inc. introduced their latest products, including the most expensive smartphone in the company’s history—iPhone XS Max.

The Analysis Department of Picodi decided to check how many days Australians and citizens from other countries have to work to afford the novelty from Apple. The results of our research are based on iPhone XS 64Gb prices in various countries and official statistic data about average wages in each of them.

You could suppose that the best average wage/price ratio would be in the US—the most important market of Apple. However, it turns out that the ones who would be able to afford Apple’s newest product are people in the developed countries and the UAE. For example, an average Swiss would have to work 5.1 days, the citizens of Luxembourg—less than 7 days, and Norwegians—7 and a half day. Among the countries where you have to work the least amount of days are also the United Arab Emirates—money earned for 7.6 days are enough to buy the newest iPhone. In the US, on the other hand, one would have to work 8.4 days.

It’s already known that in Australia the latest iPhone will cost 1629 dollars. Under the assumption that average gross wage in Australia—according to data from Australian Bureau of Statistics—amounts to 1,207.40 dollars per week, it would take 8.6 days for an average Aussie to earn enough to buy the new iPhone. Of course, assuming that the other living costs would be zero.

Australia’s neighbour, New Zealand, placed few ranks below with the difference of three days. According to Stats NZ Tatauranga Aotearoa, an average New Zealander earns 997 NZD per week, which means it would take 11.6 days to buy the latest iPhone.

The longest time to afford the iPhone XS would have to work the Filipinos—over 156 days. It won’t be so easy also in Pakistan—with the local earnings and prices an average Pakistani would have to work over 88 days.

Although the new iPhone can be a rather expensive gadget, it is possible to buy it cheaper through official resellers. All you have to do is sign up to Picodi.com and activate cashback while shopping in stores such as Kogan, Dick Smith, digiDirect, Mwave and eBay.

Methodology

This analysis was based on the official prices of iPhone XS 64 GB in 42 countries and publicly available data about average wages in those countries for the year 2017 or the last period accessible.

Public use

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