Worth mentioning that this looks to be based on mean salaries rather than median so your real world percentages would likely be higher.
Calculating the UK out:
- £799 for the phone
- 2.91% of pay
- Salary they calculated it at is £27,457
That sits abit lower than the median here in the UK but the mean is much higher
The UK government says the median household income is 32,349£, the mean is 39,328£ in 2022. Data from 2020: the median was 29,900£, while the mean was 36,900£.
In both cases the median comes way closer to the £27,457 you calculated than the mean.
Isn’t this just lowest median salary displayed a different way?
Is the cost of an iPhone in usd in all these different countries available in the same format?
Its over 300 dollars more expensive in Denmark than in the US…
1115 dollars here
800 msrp in the US
Yeah, for some reason electronics are one of the few items that basically cost the same in Switzerland as in the neighbouring countries, which make them fairly cheap in terms of buying power.
The food prices though …
Homegrown problem
Importing food is made deliberately difficult and expensive in order to support Swiss agriculture.
https://www.quora.com/Why-is-food-so-expensive-in-Switzerland
They are made in the countries where people can’t afford to buy them too.
Absolutely insane amount of profits for these things.
Probably costs like 100 dollars per phone to make. Would be interesting to know.
According to Nikkei it costs $501 to make an iPhone 14 Pro Max which is sold at $1099. It’s still very fat, but there’s no way something like this only costs $100 lol.
You’re also paying for researching new technologies. They don’t just magically slap the parts together every year and come out with a new iPhone.
i remember hearing a few years ago about it costing around $200 to make the latest and greatest galaxy note 10, and it had an msrp around the thousand dollar mark. phones have MASSIVE profit margins and honestly its probably just been getting bigger and bigger since then.
I couldn’t find your $200 figure, all I found was that the note 8 costed $369 against a price of $950 and that the note 20 ultra costed $549 against an initial price of $1299.
Interesting seen this way.
Word of note though. Salaries are quiet spread out. The people likely to buy new iPhones are likely people earning top 1% of salaries in most countries in Africa.
If this viz is focusing on average salary, then it is a general description and should not be compared to other countries with different income spreads (min-max). It can be quite deceptive. Upper middle class in a place like Kenya or Myanmar live a far more better life overall than say lower middle class folk in the US.
