How many days do you have to work to buy an iPhone in Latin America?

How much does it cost to buy an iPhone in Latin America? The Apple phone is a valuable product on the market. This note took into account the selling value of this cell phone compared to the minimum wage in some Latin American countries.

In the research to be able to compare the different realities of the countries of the region, the amount of the minimum wage established by the official bodies was taken and they were reduced to the price of the dollar according to the rating of each currency. To establish a daily amount, the monthly salary was divided by 25 days worked, with the aim of unifying the criteria, although each country has different characteristics in terms of the labor market.

The badysis seeks to show the relationship between the minimum wage and the cost of a high-end product such as the iPhone and for that it is supposed that the worker would use the total of the impression perceived at the time of the purchase of the phone without facing another expense, not necessarily consistent with the reality of the typical employee.

As for the chosen iPhone model, the XS 64GB. C is one of the latest products presented by Apple so far. This is not the most expensive nor the least expensive of this last edition, so it was decided to take it as a reference.

As one can see, The country where the iPhone is less affordable is Venezuela. There, a person with a minimum income should work 5,000 days to buy the product. In addition, there is no official Apple Store and to buy this product, you must use online options, in which users sell the product and, as you can see, a large price disparity .

In the case of ArgentinaAlthough the minimum wage is neither much lower nor even higher, the report is exacerbated by the cost of the phone, which is in dollars up to 70% more expensive than in Mexico, with the cost of the phone. one of the lowest prices in the world. badysis. The paradox is that even though Mexico's minimum daily wage is lower in Mexico (US $ 7.20 versus US $ 11.14 in Argentina), a worker from South America would need nearly 20 days of additional salary to make this purchase.

It is followed by El Salvador, where the purchase of an Apple mobile phone requires a work of 185 days, and by Brazil, where it is necessary to dedicate what one earns in 183 days.

At the other end of the table is Costa Rica. This is the country where the iPhone is the most affordable, it would only take 65 days to buy it. This is the country, in badysis, where the highest salary is recorded.

Then come Chile, where we should work 82 days, and Paraguay, where we should spend 96 days. Behind are Uruguay, Ecuador and Bolivia.