The craze for buying Apple iPhone is increasing among people in India. Apple's sales figures also give proof of this. But does your salary allow you to buy an iPhone, or are you just harming yourself for the sake of showing off?

Who doesn't want to buy an iPhone, but does your pocket allow it? If you have also planned to buy an iPhone thinking that everyone in America uses the iPhone, or coming under the influence of a friend, or just to show off, then it is very important for you to understand this calculation.

The latest series 16 of the iPhone is currently available in India. The official price of its base model is Rs 79,900. Whereas the same model is priced at $ 799 (about Rs 67,835) in America. Now according to this, calculate the average salary of you and American citizens.

4 months' salary will be spent to buy an iPhone

If we take the minimum wage in India as the basis, then the monthly salary of most people here is between Rs 18,000 to Rs 20,000. Whereas in America, the average salary of a person is around $ 6,000 (about 509,700) per month. In such a situation, how good a deal is it to buy an iPhone?

Now if you go to buy an iPhone, then an American will have to spend his 4 days salary to spend $ 799. Whereas if a common Indian earns even Rs 20,000 a month, then almost 4 months of his salary will be spent on it. Even if a person's salary is Rs 50,000 a month, he will have to spend almost 1 month and 18 days of his salary to buy an iPhone 14.

When will it be right to buy an iPhone?

Now let's know when it will be right for you to buy an iPhone, or how much money should you spend on buying a smartphone. For this, first of all, it is important to understand that your smartphone is also a depreciating asset like your car. This means that its value keeps decreasing year after year.

Generally, people's smartphones either last for 3 years or replace it after 3 years. In the case of the iPhone, the phone usually slows down after 3 years. Now let's do a calculation. Suppose you bought an iPhone 16 for Rs 79,900 and it lasted for 3 years, that is, its cost will be Rs 2,220 per month. On the other hand, if you buy a normal phone for up to Rs 30,000, then your monthly expenditure on the smartphone will come down to Rs 834.

Experts advise that you should spend 5 to 10 percent of your annual income on your personal items. In such a situation, if your salary package is Rs 10 lakh, then you can think of buying an iPhone. However, it also depends on your other expenses, what is your priority.

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