Earlier this year, Samsung launched its foldable smartphone, the Galaxy Fold, with a hefty price tag of $1,980 dropping many jaws. A similar reaction was observed when Huawei announced its own foldable phone, the Huawei Mate X, at an even higher price of ~$2600.
To put things into perspective, Apple, which usually launches the most expensive phones, launched the iPhone XS Max at $1,099 — half the price of the Galaxy Fold.
So buying a foldable smartphone isn’t everyone’s cup of tea. But let’s assume you want to buy a foldable phone anyway (even though there are multiple reasons not to buy a Galaxy Fold). Here’s how much you’d have to work to buy one based on your current location in the world.
Bank My Cell, a mobile phone trade-in website based in the US, has put together a detailed chart displaying the average compensation stats in worldwide locations. This chart gives us an idea of how much an average person needs to work in order to buy a Galaxy Fold or a Huawei Mate X.
How many days wages does it take to buy a Samsung Galaxy Fold?
As seen from the chart, a person living in Addis Ababa, Ethiopia, will have to work the most number of days, i.e., 228.3 days (62.54% of the year) to buy an entry-level Galaxy Fold. It is based on the fact that the average daily wage in Ethiopia is $8.67 after tax.
Whereas residents living in Zurich, Switzerland, will have to work only 8.3 days (2.27% of the year, which is the least number of days required to buy the foldable phone. It is to be noted that the average daily wage in Switzerland is $272.39 after tax.
How many days’ wages does it take to buy a Huawei Mate X?
Just like the Galaxy Fold, Bank My Cell also gathered some interesting insights on the Huawei Mate X too.
The most working days required to buy the entry-level Huawei Mate X are 299.8 days (82.13% of the year) for the residents of Addis Ababa, Ethiopia.
Whereas people living in Zurich, Switzerland, need to shell out just 9.5 days (2.6% of the year) worth of salary to buy the same device.
Here are some other interesting tidbits:
For more insights on the same, you can read the full report here.
Just in case you are wondering whether buying a Samsung Galaxy Fold is a good idea, this video will definitely give you some clarity: