Working days needed to afford an iPhone XS

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

On 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 Nigerians 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 the fastest 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 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 Nigeria the latest iPhone will cost 350000 naira. Under the assumption that average wage in Nigeria amounts to 80625 naira per month, it would take 91.2 days for an average Nigerian to earn enough to buy the new iPhone. Of course assuming that the other living costs would be zero.

It puts the Nigerians in the second place—they were surpassed only by the Filipinos. They would have to work the longest time to afford the iPhone XS—over 156 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 Jumia Nigeria, Jumia Kenya and Aliexpress.

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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