How Many Days Do People Need to Work in Various Countries to Afford iPhone 16

To afford iPhone 16, people across the globe need to work varying amounts of days, depending largely on the local cost of the phone and the average wages in each country. The iPhone Index for 2024, an annual analysis by Picodi.com, reveals how many working days it takes in different nations to buy the latest iPhone model.

This year’s index was calculated using the price of the iPhone 16 Pro (128 GB) and the average net wages in each country. Let’s take a look at the global comparison.

The iPhone Index gives us fascinating insight into global purchasing power. In countries where the wages are high, people can afford an iPhone with relatively few days of work. However, in nations where the cost of living is higher in proportion to wages, individuals need to work much longer to afford the device.

The number of days required to afford iPhone 16 varies significantly from one country to another, ranging from just over four days in Switzerland to nearly 73 days in Turkey.

Read : Samsung Trolls Apple After iPhone 16 Launch: Let Us Know When It Folds

Read : Prices of iPhone 16 Across Different Countries

In this blog, we’ll discuss the results of the iPhone Index 2024, how many days people in various countries need to work to afford iPhone 16, and what this reflects about wage disparities and living standards around the world.

iPhone Index 2024: Working Days Needed to Afford iPhone 16 Pro (128 GB)

Rank	Country	Working Days to Afford iPhone 16
1	Turkey	72.9
2	Philippines	68.8
3	Brazil	68.6
4	Vietnam	53.1
5	India	47.6
6	Thailand	42.3
7	Mexico	40.3
8	Chile	34.1
9	Montenegro	30.8
10	Greece	26.6
11	Malaysia	25.3
12	China	24.7
13	Hungary	23.8
14	Portugal	23.1
15	Slovakia	22.7
16	Latvia	21.6
17	Croatia	19.9
18	Lithuania	19.4
19	Poland	18.6
20	Taiwan	18.3
21	Slovenia	17.5
22	Czechia	17.3
23	Malta	17.1
24	Estonia	16.8
25	Italy	16.0
26	Spain	15.0
27	Cyprus	13.1
28	Japan	12.4
29	Hong Kong	10.4
30	Belgium	10.3
31	Austria	9.9
32	France	9.8
33	Sweden	9.7
34	South Korea	9.7
35	Puerto Rico	9.6
36	Finland	9.3
37	Netherlands	9.3
38	United Kingdom	9.1
39	Germany	9.1
40	Ireland	8.0
41	New Zealand	7.8
42	Norway	7.7
43	Canada	7.6
44	UAE	7.3
45	Denmark	6.7
46	Luxembourg	6.1
47	Singapore	5.7
48	Australia	5.7
49	United States	5.1
50	Switzerland	4.0

Key Insights from the iPhone Index 2024

Turkey tops the list, with citizens needing to work an average of 72.9 days to afford iPhone 16 Pro. High inflation, coupled with relatively lower wages, contributes to this high figure. Similarly, in the Philippines and Brazil, people need to work over 68 days to purchase the new iPhone.

India ranks fifth on the list, with an average of 47.6 working days required to afford iPhone 16 Pro. Despite being one of the largest smartphone markets, the combination of the iPhone’s high price and the average wage in India pushes the number of working days higher than in more developed economies.

Read : iPhone 16: Apple’s AI-Powered Revolution – Everything You Need to Know

On the other end of the spectrum, Switzerland has the shortest time to afford iPhone 16, with just 4 days of work required. Countries like the United States, Australia, and Singapore also rank among the shortest, with citizens needing just 5 to 6 days of work to purchase the device, thanks to higher wages.

What Does the iPhone Index Say About Global Wealth Disparity?

The iPhone Index sheds light on global income disparities. For example, in wealthy countries with high wages, fewer days of work are required to buy luxury goods like the iPhone 16. In contrast, developing nations with lower wages require significantly more work to afford the same product, highlighting the gap in purchasing power.

In countries like Turkey and the Philippines, even though smartphones are considered essential, the financial burden of purchasing premium devices like the iPhone is much heavier. This index is a stark reminder of how economic conditions, such as inflation, taxes, and wage stagnation, affect the ability of people to afford technological products globally.

The iPhone Index 2024 shows the wide variation in purchasing power worldwide when it comes to affording high-end tech products like the iPhone 16 Pro.

While countries like Switzerland, the United States, and Singapore have high purchasing power with minimal workdays required, nations like Turkey and the Philippines face far more challenges. As global wages fluctuate and inflation rates rise, this index serves as a valuable tool for understanding economic disparity and the cost of living in different regions.