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Filipinos need to save for 88 days to afford iPhone 12 Pro

An average Filipino needs to work and save up all his income for 88.2 days to afford the new iPhone 12 Pro which is worth more than P60,000, according to the latest iPhone Index 2020 prepared by Picodi.com.

This represents the longest work hours that any citizen needs to exert and save up for the latest iPhone and is about 20 times longer than an average Swiss who requires just 4.4 days for the same purpose.

"It is the worst score among countries where the new iPhone’s price is already known. Still, compared to the last year, the Philippines’ result improved by 8 days," Katarzyna Kobyłka of Picodi.com, a bargain-hunting site, said via e-mail

"The Swiss should be able to afford iPhone 12 Pro in only 4.4 days," she said.

In Indonesia and Malaysia, this new gadget is worth 54.4 and 29.1 workdays.

iPhone Index 2020 by Picodi.com
Picodi.com analytics compared iPhone 12 Pro (128 GB) prices with the average wages in selected countries to count the number of workdays required to buy Apple’s latest flagship.

The official price of iPhone 12 Pro in 128 GB version in the Philippines is going to be P62,990. However, buyers will find neither a charger nor earphones in this year’s flagship’s box.

According to the latest Numbeo data, the average wage in the country amounts to P14,999.02 (net). It means that an average Filipino would have to work for 88.2 days to afford the iPhone 12 Pro.

In comparison with the last year iPhone Index, the Philippines’ result improved by 8 days.

High earnings in Australia, the United States and Switzerland allow their average citizens to buy the new iPhone in 6.6, 6.1 and 4.4 days respectively.

Picodi.com said the iPhone Index 2020 was calculated on the basis of iPhone 12 Pro prices announced publicly on local Apple or authorised seller websites.

The average salaries come from the countries’ official ministry or statistical office pages and are valid for the date of publishing iPhone prices in the respective countries.

Net wages were obtained using local salary calculators. In the absence of official up-to-date information, the average wage is based on Numbeo data for October 2020.

Monthly salaries were divided by 21--the average number of workdays in a month. In countries where statistical offices use weekly wages, we divided the salary by 5.

 

Topics: iPhone Index 2020 , Picodi.com , average Filipino , 88 work days
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