This year Apple surprised us with the prices of the iPhone 15: they are all cheaper than their predecessors. This does not mean that we are faced with a smartphone that is also still expensive. Prices starting from 959 Euros in Spain.

Certainly this is a particularly interesting point, because in reality how cheap or expensive the iPhone is for those who buy it depends not only on the price, but also on what that price represents in each person’s economy. At this point, a unique ranking emerges: Where is the most expensive or cheapest iPhone 15?

Logically, it is cheaper for those who earn more and more expensive for those who earn less. At CompareDial, they wanted to conduct a study that tried to reflect exactly how expensive or cheap the iPhone 15 is in different countries around the world.

They analyzed 85 countries in their list and in each of them the key factor that reflects how cheap or expensive the iPhone is for its citizens Average annual salary in these countries. Countries with the best salaries, on average, have a key advantage over those with the lowest salaries, and this gives iPhone 15 buyers an idea of ​​how expensive the iPhone 15 might look, depending on the country they live in.

This chart shows an interesting “iPhone 15 index” in percentage form on the right. This percentage represents: percentage of annual salary Cost of iPhone 15 for every citizen of each country, based on the average annual salary in the respective country.

The data comes from Our World in Data, the World Data Bank, and data published by each country. By clicking on any country on the comparison website you can view statistics specific to that country, giving us a quick idea of ​​how expensive or cheap the iPhone 15 is in each of the economies included in the comparison. .

Based on these data, it is easy to see what someone working in Spain should be like. Spend 4.83% of your annual salary Buying the iPhone 15 in its base model with 128 GB capacity. According to research data, the average annual salary in Spain (note that it differs from the average) is $21,308.85.

According to the data of this study, the cost of this iPhone is $ 1,029.66. That’s a pretty close conversion to the 959 euros it officially costs here; This works out to $1,024.58 based on the current euro-dollar exchange rate.

For example, in the United States, this index is 1.69%: Someone working there would have to spend this percentage of their average annual salary (the median is $50,371.33) to buy an iPhone. Meanwhile, the cost in dollars is also significantly lower, as they show that when taxes are included — although they vary by state — the base iPhone 15 costs $849.73.

What does this mean? Someone working in the United States at this reference salary earns a much higher figure than this average, so the iPhone 15 is “cheaper” for him. In fact, looking at the price difference after taxes and the euro-dollar exchange rate, the average income reveals: iPhone is nearly three times more expensive in Spain than in the United States according to this index.

Of course, there are many more possible comparisons: while the iPhone 15 is cheaper only in Luxembourg and Switzerland than in the US, the cost is absolutely prohibitive for a large number of countries where this index is more than 20% annually. wage.

In Mexico (average salary $5,922.89) the rate is 19.24%: there a worker spends almost a fifth of his annual salary on an iPhone. The situation is even worse in Argentina. Although the average salary is slightly higher at 6,793.32, the price of the iPhone 15 is the highest in the world: equivalent to $2,048.27, which is due to high inflation and import restrictions. This makes the iPhone rate there 30.15%: The cost of this mobile phone is almost a third of the annual salary in the country.

This data also includes countries such as China (11.58%), for whose citizens the iPhone 15 “costs” more than twice what it costs in Spain. These figures seem misleading because, according to CounterPoint Research, Apple ranked second in mobile phone sales to the Asian giant in 2022.

India, the world’s most populous country and Apple’s biggest commercial target for the future, Another contradictory example state of mobile phones: there the rate is 38.60%, so theoretically a 128 GB iPhone 15 costs Indian citizens almost 2/5 of their annual salary. Still, according to CMR, quarterly sales in the final quarter of 2022 were two million units; This appears to reflect the huge economic inequality of the country of more than 1.4 billion people.

Image | Nicolas Raymond | manzana

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