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Bacchus4.0

(6,837 posts)
Tue Jun 23, 2015, 04:59 PM Jun 2015

In Venezuela, An iPhone 6 May Cost You $47,678

http://www.nbcnews.com/news/latino/venezuela-iphone-6-costs-47-678-n380291



The IPhone 6 can cost up to $47,678 in Venezuela, the country with the world's highest inflation rate.

Venezuela is facing harsh economic times, and though the number of mobile users has shrunk by almost half since 2012, Bloomberg reports that those who want one have to go through the government-run phone provider amid a dollar shortage and a lack of inventory, making the cost very expensive.

A new-model Apple iPhone 6 is about 300,000 bolivars or $47,678 at Mercado Libre, a local e-commerce site. This is about 41 times the country's minimum wage.

Though the country recently raised its minimum wage by 30 percent, it is still about $30 a month at black market prices. A 3G Samsung Galaxy Fame cost more than two months pay for those making minimum wage.


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