Can You Afford an Apple iPhone with Your Salary?

Whether or not you can afford the latest Apple iPhone model with your salary is influenced by several key factors, including your income level, the cost of the iPhone, your monthly expenses, and your savings goals.

Key Factors to Consider

Salary Amount: This is your monthly or annual income, which forms the base of your budget. iPhone Price: The latest iPhone models, such as the iPhone 12 series, can range from approximately ?800,000 to over ?1,200,000, depending on the storage capacity and any promotions. Living Expenses: This includes rent, utilities, food, and other financial obligations. Savings Goals: If you’re saving for other priorities, such as a down payment on a house or an emergency fund, it may impact your ability to make a purchase.

For a specific evaluation, you should consider your financial situation and the exact price of the iPhone model you are interested in.

Personal Experiences and Perspectives

Some people have personal experiences that support their ability to afford the latest iPhone model, while others have reservations based on various factors. Let's explore some viewpoints.

One user, noting a brand new iPhone 12 and iPad Air 4 as a gift, states:

"Yes, I can buy an iPhone 12 model or perhaps the iPhone 12 Pro Max, but I usually wait a year between flagship phones to see if there is a better option or if the prices drop."

Another individual questions the value of spending a large sum on a phone that becomes outdated within a year, preferring to invest in stocks or other assets with potential returns:

"The latest Apple iPhone is currently the iPhone 12 series. I can buy any model except the iPhone 12 Pro Max versions. But would I buy it? No. Would I buy any Apple product in my lifetime? No. Why? Because I think it's a waste of money. I would rather invest my money somewhere I anticipate to have good returns."

Another perspective emphasizes the evolving nature of technology, where new products are often overpriced due to their demand:

"The thing with technology is that it will get cheaper as time passes by, and new technology is always way costlier. I have seen people standing in line to buy the latest model as soon as it's released, though they had a previous version. I don't understand why there is an obsession. Of course, people can buy it if they can afford it, but I should not comment on them. Not only iPhone, I would not spend excess on any tech product. I might go for a product that got introduced 5 years ago."

One individual owns a Samsung Galaxy M20, a less expensive model, which works perfectly for their needs. They recommend changing the model every 2-3 years to keep up with technological advancements without overpaying:

"Currently, I own a Samsung Galaxy M20 which I had bought 1.5 years ago for ?12,000, which works perfectly with respect to my requirements. Good thing with buying cheaper phones is that you can change the model every 2-3 years if you want. Similarly, for laptops, I would never spend more than ?50,000."

Conclusion

The decision to buy the latest iPhone model depends on your individual financial situation and priorities. While some see it as an essential purchase, others view it as a less worthwhile investment. Understanding your financial goals and weighing the pros and cons can help you make an informed decision.

For a deeper dive into the latest iPhone models and their pricing, you can explore the Apple official pricing page to see the exact costs and configurations.