Apple’s iPhone X had a price ticket of $999 (about N365,000) on launch day in November 2017 making it the costliest model of the machine ever manufactured. It was much more costly exterior the U.S. more often than not attributable to gross sales and import taxes.
Swiss Financial institution UBS carried out an evaluation of the machine’s worth for somebody on a mean wage in 15 totally different professions in main cities.
It came upon that in Zurich which is extremely prosperous, anyone hoping to purchase an iPhone X on a mean wage must work virtually 5 days straight to get their palms on the iPhone X.
For a mean New Yorker, 6.7 days could be required.
If that appears like rather a lot, spare a thought for individuals in Africa dreaming of shopping for Apple’s flagship smartphone. In Lagos Nigeria, one of many world’s quickest rising cities and essentially the most populous metropolis in Africa, anyone hoping to purchase an iPhone X on a mean wage must work for 133 days. It’s because wages are nonetheless extraordinarily low right here.
Within the Kenyan capital of Nairobi, all you want is 72 days of labor on a mean wage to buy the handset.
The numbers replicate that labour is cheaper in African cities than their European and American counterparts. It additionally signifies the buying energy of the residents of those cities.
Please word that 1 working day right here = eight working hours.
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