8th September 2022 – (Hong Kong) For the fifth time, the Picodi.com team juxtaposed the local iPhone 14 Pro (128 GB) prices with average earnings in different countries and calculated the iPhone Index, which is the price of the smartphone expressed in man-days.
In Hong Kong, the iPhone 14 Pro in its base version (128 GB) was priced at HK$8,599. Although the price in the USA is $999, it is worth noting, that this is the net price, valid only in four states where the sales tax is 0%.
According to the latest C&SD data, the average wage in Hong Kong is HK$17,146 gross (HK$16,138 net). This means that an average Hongkonger has to work for 11.2 days in order to purchase the iPhone 14 Pro, provided that all the money earned is saved for this purpose. Compared to the previous year, the number of days required decreased by 0.1 days.
This is what iPhone Index looked like in Hong Kong in the last 5 years:
- 2018 – 11.5 days
- 2019 – 10.8 days
- 2020 – 10.7 days
- 2021 – 11.3 days
- 2022 – 11.2 days
An average citizen of Switzerland will earn money for the newest iPhone the quickest – only 4.6 days. An average American will be able to afford the newest gadget after working for 5.7 days, and Australian– after 6.1 days.
Among the countries included in the ranking, the worst result was noted in Turkey, where the iPhone is worth 146.7 man-days. The second and third worst result belongs to the Philippines and Brazil – 90.9 and 74.2 days respectively.