9/12/2019

What the iPhone Index says about the Eurozone

There is the United States of America and then there is the supposed United States of Europe aka European Union. Both US have their own currency, but only one has a sovereign currency and that shows.

Apple introduced its newest iPhones just days ago. Here is the iPhone Index. It shows the average days a potential buyer would need to work to be able to afford one (see link as to which model and the specs).

Research Picodi.com
It takes an average of 5.8 days in the US. In the EU it is rather different and this difference shows, yet again, who is the real beneficiary of the Euro in the Eurozone. Let's have a look.

A citizen of Slovakia would need to work 31.7 days for a new iPhone. A Greek 27.7 days and someone from Malta 19.2 days. A Spaniard would need to toil for 15.7 days while someone from Belgium just 11.3 days. OK, some of these countries have lower living costs etc.

A German citizen would need to work less than 10 days to afford one. Coincidentally, the same time as an Austrian. No comment here.

Someone from THE tax haven, money laundering locale of the highest order would need to move his ass to work for just 6.7 days. Let's take this as a mere outlier in the Eurozone.

However, and this since Italy dominates the news for political reasons for more than a year, a comparison with Germany offers a striking discrepancy. An Italian would need to work 6 days, or 2/3s, longer than a German for an iPhone.

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