When a new iPhone is released, it not only generates hype but also a tsunami of memes, jokes, and discussions—particularly on its ever rising price. This also applies to the iPhone 16. Following Apple’s announcement of its newest model, social media was inundated with amusing commentary on its exorbitant price. Many users mockingly lamented the fact that owning an iPhone had become a luxury that only a select few could afford.

But beyond the laughs, there’s a serious query: how much does the iPhone 16 cost in various nations? To put things in perspective, Picodi.com just published its 2024 iPhone Index, which offers startling insights into how long people will have to labor in different nations in order to own the iPhone 16 Pro.

Global Disparities in iPhone Affordability

Switzerland is the nation where purchasing the new iPhone is the easiest, according to the report. To save enough money for the iPhone 16 Pro, an average worker there would just need to labor four days. The time it takes to afford the newest Apple device is 5.1 days in the US, 5.7 days in Australia, and around 5.7 days in Singapore. These figures demonstrate the glaring disparity in purchasing power between countries. 

A Tougher Reality for Indian Consumers

For Indian consumers, the situation is far more difficult. In India, it takes an astounding 47.6 workdays on average to afford the iPhone 16. When it comes to affordability, this puts India well behind many other countries. The cost of acquiring a high-end gadget such as the iPhone can significantly burden the nation’s average wage workers.

Other Countries Facing Similar Struggles

The struggle is not unique to India. To purchase the iPhone 16, an employee in Turkey would have to work an incredible 72.9 days on average. The newest iPhone may be afforded in roughly 68.8 and 68.6 days, respectively, in the Philippines and Brazil. According to these figures, many people still cannot afford high-end electronic products, which makes them more of a status symbol than a typical device.

The Calculation Behind the iPhone Index

The iPhone Index 2024 was determined by calculating the difference between the average pay in each country and the cost of the iPhone 16 Pro (128 GB) from authorized retailers or local Apple stores. Official government statistics provided the wage data, which was then adjusted using salary calculators for net wages. In order to ensure accuracy, monthly wages were split by 21 working days, and the amounts from nations that provided weekly pay data were divided by 5.

In summary, the financial burden associated with obtaining an iPhone 16 varies significantly depending on one’s location, even though many people consider it a necessity. The iPhone continues to be a global icon that comes at a very different price, whether it is used for only four days of work in Switzerland or for more than two months in Turkey.

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