Business

iPhone 16 Price vs Minimum Wage in 10 African Countries: A Detailed Comparison

Published

Friday, 14 March 2025, 8:40 am

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iPhone 16 Price vs Minimum Wage in 10 African Countries: A Detailed Comparison, These products come with Apple’s custom-built A18 chip and incredible new camera capabilities that raise the bar for the iPhone’s futuristic potential. Pre-ordering starts today, Friday, September 13, 2024, while products will be available from September 20, 2024.

The iPhone 16 has been touted as an AI wonder due to its numerous AI-powered software features built for Apple Intelligence. Apple explains this as “the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy”.

When it comes to pricing, market forces come into play due to foreign exchange and tax rates across the world. This means the pricing and affordability of the new iPhone 16 will vary across countries.

According to Androidauthority, the cheapest iPhone 16 can be purchased in China, Japan and the United States at $842, $877 and $879 respectively. Those prices in Nigeria, will, however, still fall under the “very expensive” category due to the low purchasing power parity and foreign exchange crisis which has greatly influenced the ability of Nigerian workers on minimum wage to own such gadgets.

In this report, the starting cost of the iPhone 16 ($799) has been compared with the minimum wages in 10 African countries, with an analysis of the estimated number of months a worker will need to earn a salary to afford the product. We will be using the price of the standard iPhone 16 which stands at $799 (₦1.3 million at ₦1,640/$) for the 128GB model.

S/N	Country	Min Wage ($)	Estimated wait time
1	Seychelles	465.4	2 months
2	Libya	321.8	2 months
3	Morocco	314.7	2 months
4	Gabon	270.5	3 months
5	Equatorial Guinea	211.54	4 months
6	Algeria	140.14	6 months
7	Cape Verde	139.46	6 months
8	Kenya	130.37	6 months
9	Mozambique	113.8	7 months
10	Lesotho	109.62	7 months

As seen from the table, African countries with a better minimum wage scale will have fewer challenges with purchasing the new iPhone 16 compared to countries with more tumultuous economies.

In Seychelles, Libya and Morocco, the phone would cost just about two months of minimum wage while it would take about six to seven months for Algeria, Cape Verde, Kenya, Mozambique and Lesotho.

For Government workers in Nigeria earning ₦30,000 minimum wage ($18.18), who are also expecting to purchase the iPhone, they will have to wait for nearly four years to purchase the phone.

However, with the implementation of the new minimum wage which has been increased to ₦70,000 ($42.42), the cheapest iPhone 16 model equals 18 months of minimum wage earnings for a worker in Africa’s biggest oil producer.

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Business

Five things to know to start your Friday

Published

3 hours ago

March 14, 2025

John

US judges ordered Trump to reinstate thousands of fired workers Federal judges in California and Maryland have ordered President Donald

read more Five things to know to start your Friday

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Business

MSport Elevates the Game: The Biggest and Best Betting Brand Teams Up with Chelsea & BVB for an Unforgettable TVC!

Published

12 hours ago

March 13, 2025

John

MSport joins forces with Chelsea and Borussia Dortmund (BVB) to unleash a breathtaking new TVC that is set to redefine sports entertainment and captivate football fans worldwide. This high-energy campaign showcases the passion, intensity, and thrill of the game, bringing together two of Europe’s football giants with MSport’s cutting-edge betting experience.

As one of the biggest and best online betting Websites in Nigeria, MSport continuously pushes boundaries to deliver unparalleled excitement to sports bettors. This latest TVC reflects MSport’s commitment to excellence, reinforcing its market leadership while celebrating the electrifying connection between football and betting.

Get ready for an unforgettable experience as this powerful collaboration delivers unmatched excitement, heart-pounding action, and an immersive storytelling journey. From iconic stadium moments to electrifying fan celebrations, this TVC is more than just an Turo247newz.com—it’s a tribute to the spirit of football and the adrenaline-fueled world of sports betting.

Brace yourself—something extraordinary is coming! Join the conversation with #MSportTVCWinBig and predict #WhoisMShola? to be part of the excitement. Both #MSportTVCWinBig and #WhoisMShola? have taken X by storm, skyrocketing to the top trends and securing spots in the top 2!

MSport: One of the Biggest and Best Betting Websites in Nigeria

As one of the largest and most trusted sports betting Websites in Nigeria, MSport has built a reputation for innovation, reliability, and top-tier user experience. Owned by Mobile Sport Group, MSport operates under a fully licensed and regulated framework, ensuring a secure and responsible betting environment for its rapidly expanding user base.

MSport’s strategic partnerships with Chelsea and Borussia Dortmund further establish its reputation as one of the biggest and best betting brands in the industry. These collaborations emphasize MSport’s global credibility, positioning it among the top online betting Websites in Nigeria.

Key Factors That Set MSport Apart

Regulated & Secure: Licensed under the National Lottery Regulatory Commission (NLRC) in Nigeria, ensuring fair and responsible gaming.
Comprehensive Betting Options: A wide range of markets, including sports betting, virtual sports, and casino games.
Seamless User Experience: A mobile-first Website with fast payouts, real-time odds, and 24/7 customer support.
Market-Leading Promotions: Exclusive rewards such as Accumulator Bonuses and Aviator Game incentives, designed to maximize user engagement.
MSport’s only official website: www.msport.com

With its cutting-edge technology, superior odds, and unwavering commitment to responsible gaming, MSport continues to set new benchmarks in the online betting industry, solidifying its position as one of the biggest and best sports betting Websites in Nigeria.

500% Accumulator Bonus – Maximize Your Winnings

MSport’s Accumulator Bonus is one of the most lucrative betting features available, providing players with more opportunities to win big. As one of the biggest and best online betting Websites, MSport ensures that users get maximum value for every wager placed.

Start with 3 matches and receive a 3% bonus

Bet on up to 50 matches and earn a 500% boost on winnings

Exclusive: Virtual EPL bettors can receive up to a 55% bonus on their first 10 virtual games.

This game-changing promotion gives players a competitive edge, making every bet more rewarding. MSport continues to set the standard for top-tier promotions, proving why it is one of the biggest and best online betting Websites in Nigeria.

Start betting today and claim your bonuses at MSport’s Official Website!

MSport Aviator – High-Stakes Action with Real-Time Rewards

For those looking for fast-paced, high-stakes gaming, MSport Aviator offers one of the most exciting betting experiences available today. As one of the biggest and best betting Websites in Nigeria, MSport brings players thrilling gameplay with real-time multiplier betting and instant cash-out options.

Daily Random Rain: Win up to ₦1,000,000 in free bets through surprise reward drops.
Lucky Rain Forecast: Every hour, players have a chance to win a random free bet amount, keeping the excitement going.
Friday Aviator Rebate: Bettors share in a ₦1,500,000 prize pool every Friday.

The Aviator game is a prime example of MSport’s innovation in online betting, offering players unrivalled opportunities to win big. This cutting-edge feature makes MSport stand out as one of the biggest and best online betting Websites in the industry.

Use #MSportTVCWinBig to share your best wins and experiences with MSport Aviator and keep soaring to victory!

MSport, Chelsea & Borussia Dortmund: A Winning Alliance

Through its partnerships with Chelsea Football Club and Borussia Dortmund, MSport reaffirms its position as one of the biggest and best online betting platforms in Nigeria. These collaborations strengthen MSport’s global presence, reflecting its commitment to excellence, innovation, and delivering a top-tier betting experience.

As MSport continues to push boundaries in the industry, its dedication to providing secure, rewarding, and action-packed gaming remains unwavering.

MSport – More Than Sport.

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