Apple launched the iPhone 14 series, starting from $799 in the U.S. ($829 if you decide to go the carrier-unlocked route), but that does not mean the latest lineup will carry the same price everywhere. In fact, according to the latest statistics, U.S. consumers, on average, only have to spend a fraction of their yearly salary to purchase an iPhone. In contrast, customers in other regions have to fork over more than 50 percent of it. Here are some percentages that you would love to read about.
Nigerian consumers have it the worst when wanting to purchase an iPhone 14, followed by Bangladesh
If you live in the U.S., a Twitter account called World of Statistics reveals that it only requires Americans around 1.8 percent of their total annual salary to purchase an iPhone 14. The account did not specifically share which model they were referring to, so we will assume that it is the base version featuring the lowest amount of internal storage, which is 128GB. These statistics also reveal that if you live in Luxembourg, you have to spend less than U.S. consumers to purchase an iPhone 14.
Apparently, Luxembourg residents are only required to use up 1.6 percent of their yearly salary to purchase the latest iPhone. Unfortunately, Nigerian consumers have it the worst, with figures stating that it takes 69 percent of their annual income to afford an iPhone 14, followed by Bangladesh at 59 percent. India, a country where a small percentage of the world’s iPhones are assembled, has yet to see an improvement because consumers living there have to spend 42 percent of their yearly salary on seeing an iPhone 14 in their possession.
How much of a yearly salary you need to spend to afford an iPhone 14:
— World of Statistics (@stats_feed) February 12, 2023
Do keep in mind that aside from the massive income disparity across the 14 countries listed in the tweet, governments impose various taxes on imported goods such as smartphones. Some European regions charge a higher VAT for such devices, meaning that it is expected to cost customers more if they live outside of the U.S. when acquiring consumer electronics. The affordability factor may be one of the biggest reasons why Apple intends to introduce its iPhone hardware subscription service in the future.
However, it is likely that the service will be introduced in the U.S. first, followed by other regions. Regardless, it is a step that should be appreciated, as it is not financially feasible for consumers to purchase high-quality products on an annual basis.
The post Statistics Show Which Country’s Individuals Have To Spend The Highest Yearly Salary To Purchase One iPhone 14 by Omar Sohail appeared first on Wccftech.