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Show HN: The iPhone 14 Index

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Re: Show HN: The iPhone 14 Index

#3

Post by francisofascii »

An IPhone 14 base model in Nigeria costs $1,571.57 after taxes, where in the US, the cost is $881.64 ($799 + taxes). Why is the cost in Nigeria so much more? Tariffs? Taxes? Even with a US salary that would be pricy. Japan is the least expensive country, $831.43.

Re: Show HN: The iPhone 14 Index

#6

Post by ktpsns »

Nice page. I guess the actual numbers are way worse: For instance, in Germany ~34kEUR is the median gross income. The country has quite a high ratio on income tax and social insurance, making the net income typically in a regime of 30-60% of the gross income. Not to even start about living expenses and rent. Of course same applies for other countries. That's why I said things are even worse :)

Re: Show HN: The iPhone 14 Index

#7

Post by jbj »

since individual states in the US have different sales tax, and supposely also not the same overall median income, I wonder if this information would give any interesting insight.

Re: Show HN: The iPhone 14 Index

#8

Post by junar »

acchow wrote: post #5
PentiumBug wrote: post #2

Nigeria? Heh... I give you Cuba. Monthly average salary 3902 pesos which, converted to USD, yield 31.2. It would take, what? 50 months?

Why does xe.com show 3902 cuban pesos as $162 US? https://www.xe.com/currencyconverter/convert/?Amount=3902&Fr...

Apparently that exchange rate isn't real.

https://www.reuters.com/markets/us/cuba-more-than-quadruples...

Re: Show HN: The iPhone 14 Index

#9

Post by frxx »

francisofascii wrote: post #3

An IPhone 14 base model in Nigeria costs $1,571.57 after taxes, where in the US, the cost is $881.64 ($799 + taxes). Why is the cost in Nigeria so much more? Tariffs? Taxes? Even with a US salary that would be pricy. Japan is the least expensive country, $831.43.

It might be an exchange rate topic? Since you're highlighting Japan, then yen is very weak compared with the dollar right now, so it seems way less expensive. Compared with the previous generations I think it's quite a bit more expensive.

Re: Show HN: The iPhone 14 Index

#10

Post by PentiumBug »

acchow wrote: post #5
PentiumBug wrote: post #2

Nigeria? Heh... I give you Cuba. Monthly average salary 3902 pesos which, converted to USD, yield 31.2. It would take, what? 50 months?

Why does xe.com show 3902 cuban pesos as $162 US? https://www.xe.com/currencyconverter/convert/?Amount=3902&Fr...

That's old news. The state mandated rate is around 120 CUP per USD (with a little spread when buying/selling, and for other market fluctuations.) But almost no one uses that mechanism, as the state is profoundly insolvent.

The black market, or unofficial, rate is what everyone thinks about[2].

[1]: http://www.cubadebate.cu/especiales/2022/08/29/apuntes-sobre... [2]: https://eltoque.com/tasas-de-cambio-de-moneda-en-cuba-hoy

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