How Many Hours of Work Does It Take to Buy the iPhone 14?

Apple’s dominance over the smartphone sector is astounding considering it offers almost exclusively premium phones, but in spite of the fact that this is the case it has managed to keep its growth steady over the past few years. However, one issue that some aspiring buyers face when they are trying you are located.

With all of that having been said and now out of the way, it is important to note that the cheapest iPhone available will always be in the United States since this is where the parent company is headquartered.

An American earning an average salary would need to work just 50 hours to be able to afford this phone, so the low price coupled with the high average income makes this product highly affordable in that market. That means that US citizens would need to work around 6 full days before they have the money for this phone.

While this is definitely a potent combination, the iPhone 14 is still more affordable in two countries namely Switzerland and Luxembourg. That’s mostly thanks to the very high salaries that people in these nations earn. In the US, the latest iPhone will set you back around $830, while in Switzerland it would cost $966 and in Luxembourg $982. Despite that, people in these countries earn a lot more so the phone is more affordable to them as a result.

Moving on to the other end of the spectrum, the country where the iPhone 14 is most expensive is Turkey. This nation has been experiencing a lot of devaluation in its currency which drives the price up because of the fact that this is the sort of thing that could potentially end up making their own currency worth less. However, the iPhone is also far more expensive in dollar terms, costing just under $1,700 which makes it twice as expensive in Turkey than it would be in the US.

If you live in Turkey and earn an average salary, you would need to work a whopping 765 hours to have enough money for the latest Apple flagship with all things having been considered and taken into account. That comes up to 95 working days, so the Turkish people might find this phone to be out of their reach right now.

The Philippines are also a bad place for people that want to buy the iPhone 14. Filipinos have it almost as bad as Turkey, requiring around 756 hours at an average rate of pay for the asking price. Interestingly, the iPhone is not nearly as expensive in this nation as it is in Turkey. The standard iPhone 14 asking price in this island nation is $997 which is comparable to Austria and Hungary. The reason why it takes so many hours to be able to afford one is that the Philippines is a very poor country and people there usually don’t earn a lot.

Global inflationary pressures as well as a series of economic mishaps are making iPhones quite difficult for people to buy. They are often making do with older models, and it will be interesting to see if this impacts Apple’s business strategy moving forward since it wouldn’t want to alienate so many buyers.

H/T: Nukeni

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by Zia Muhammad via Digital Information World