Indonesians Must Work 87 Days to Buy an iPhone 7
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Indonesians have to work for 87 days using their entire salary to buy an iPhone 7 priced at USD 1,268 or Rp 16.4 million. This research, released by iPrice, assumes the average salary of middle-class iPhone consumers in Indonesia is USD 1.8 or Rp 23,400 per hour.
Indonesian iPhone consumers have to work longer than Malaysian buyers, who only need 24 days. The average salary in Malaysia is indeed higher than in Indonesia, namely USD 4.8 or Rp 62,400 per hour.
In Indonesia, the price of an iPhone 7 is equivalent to a motorcycle and three months' rent for an apartment in Central Jakarta. Indonesian middle-class consumers are willing to spend a large amount of money to gain the social status associated with owning an iPhone 7.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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