As of September 2023, an average Filipino has to work for 79.5 days to afford the latest iPhone 15 Pro, with a storage of 128 gigabytes, which retails at around 71 thousand Philippine pesos. To afford that, an average worker who earns roughly 18.7 thousand Philippine pesos net wage monthly will have to spend all their earnings to buy the new Apple iPhone model. The number of working days an average Filipino needs to work to afford the latest iPhone model has gradually declined since 2018.
Number of working days needed to afford a new iPhone in the Philippines from September 2018 to September 2023
(in days)
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Number of working days
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The figures were calculated based on the official prices of the new iPhone model in relation to the average wage. In 2023, the average wage in the country according to Numbeo was roughly 18.7 thousand Philippine pesos while the new iPhone 15 Pro with 128 gigabytes was priced at around 71 thousand Philippine pesos.
Monthly wages were divided by 21 – the average number of working days in a month.
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Businessworld. (September 13, 2023). Number of working days needed to afford a new iPhone in the Philippines from September 2018 to September 2023 (in days) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1331127/philippines-number-of-working-days-needed-to-afford-new-iphone/
Businessworld. "Number of working days needed to afford a new iPhone in the Philippines from September 2018 to September 2023 (in days)." Chart. September 13, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1331127/philippines-number-of-working-days-needed-to-afford-new-iphone/
Businessworld. (2023). Number of working days needed to afford a new iPhone in the Philippines from September 2018 to September 2023 (in days). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1331127/philippines-number-of-working-days-needed-to-afford-new-iphone/
Businessworld. "Number of Working Days Needed to Afford a New Iphone in The Philippines from September 2018 to September 2023 (in Days)." Statista, Statista Inc., 13 Sep 2023, https://www.statista.com/statistics/1331127/philippines-number-of-working-days-needed-to-afford-new-iphone/
Businessworld, Number of working days needed to afford a new iPhone in the Philippines from September 2018 to September 2023 (in days) Statista, https://www.statista.com/statistics/1331127/philippines-number-of-working-days-needed-to-afford-new-iphone/ (last visited July 22, 2024)
Number of working days needed to afford a new iPhone in the Philippines from September 2018 to September 2023 (in days) [Graph], Businessworld, September 13, 2023. [Online]. Available: https://www.statista.com/statistics/1331127/philippines-number-of-working-days-needed-to-afford-new-iphone/
