Key Takeaways
1. The iPhone Affordability Index shows significant global disparities in the number of workdays required to purchase an iPhone 17 Pro, with the U.S. averaging just four days of labor.
2. In India, acquiring the iPhone 17 Pro takes about 160 workdays, highlighting extreme cost differences compared to wealthier nations.
3. Other countries with high workday requirements include the Philippines (101 days), Vietnam (99 days), and Turkey (89 days).
4. Switzerland and Luxembourg have the lowest affordability, needing only about three days of earnings to buy the iPhone 17 Pro.
5. The index relies on the official U.S. retail price of $1,099, and calculations may not reflect actual take-home pay, as seen in Germany where it effectively costs nearly two weeks of salary.
Tenscope has revised its iPhone Affordability Index, using the newly launched iPhone 17 Pro as a reference point. This index provides insights into the differences in wealth and income around the world. For example, in the United States, an average worker only requires four days of labor to buy an iPhone 17 Pro (256 GB).
Global Disparities in Pricing
In stark contrast, in India, this new flagship phone costs about 160 workdays, which translates to 32 weeks or 8 months of labor when calculated on a 5-day workweek. The iPhone 17 Pro is also extremely pricey in other nations like the Philippines (101 days), Vietnam (99 days), and Turkey (89 days). On the flip side, individuals in Switzerland and Luxembourg find the iPhone 17 Pro most affordable, as they only need about three days of earnings to acquire the device.
Pricing Considerations
It’s important to mention that Tenscope based their analysis on the official US retail price of $1,099, even if the costs may differ across regions. Additionally, the calculations for the index sometimes rely on gross income. For instance, in Germany, while the average gross income is around €4,700 ($5,533), the actual take-home pay is significantly lower at about €2,950 ($3,473). This implies that the iPhone 17 Pro realistically costs nearly two weeks’ worth of salary in Germany. Therefore, the findings in the iPhone Affordability Index should be interpreted as a rough estimate.
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