Isn’t this just lowest median salary displayed a different way?
Sort of, they also use the local price. So tarrifs play a role.
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
Although, the US price is without tax, while the danish price probably is (can only speak for Germany but to my knowledge, this is the same for all of Europe). Doesn’t make up the entire difference but at least some of it.
It never occurred to me to look at things I buy as a percentage of my yearly salary and now I am terrified.
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.
Yes that new USBC technology, real ground breaking shit
Do not underestimate Apple’s R&D costs. While yes, the new iPhones barely look different, their internals sometimes change drastically and especially the new processors are quite a feat every year. Apple‘s ARM SoCs have consistently been either among the top performers in the industry or, especially lately, the top chips outright. There’s massive R&D behind that. If course, they still have a hefty profit margin on every iPhone but it’s not just slapping a USB-C port into last year’s devices.
Thank you!
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.
Worth mentioning that this looks to be based on mean salaries rather than median so your real world percentages would likely be higher.
The footnote explicitly says “median”. What makes you doubt that?
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.
Agreed
I assume it is based on net income, correct?
No, it literally says it’s based on the median at the bottom.
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
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But this one is very likely really one of the reasons.
And all the Applefanboys will be like “shut up and take my money”.
And all the colored girls say doo do doo doo do doo doo doo
I think baby shark says that one
Would this look any different if it displayed average salary instead of iPhone price as a percentage of average salary?
Yes because items are priced differently in different countries
