Web

Currency Valuation Through A nano Lens

dell takes a slice at apple with super thin latitude z dellz closed

Some readers may be familiar with The Economist weekly financial magazine and its 20 year-old Big Mac Index. The basic idea is to compare the relative prices of a McDonald’s Big Mac sandwich in various countries around the world to get a rough idea of the purchasing power of a nation’s currency.

Now, the Commonwealth Bank of Australia is extending the idea into consumer electronics by comparing the price of the 2 GB iPod nano around the world, based on January 2007 prices. The results? The most expensive place to buy an iPod nano is Brazil, where a 2 GB nano will set you back a whopping USD $327.71. And the cheapest place is, oddly, Canada, where the same unit goes for a scant $144.20.

Apple’s most recent financial results find the company sold more than 21 million of its iPod music players during the quarter including the end-of-year 2006 holiday season, so using one of the company’s music-player products as a way of measuring currencies may not be all that farfetched. However, unlike a Big Mac, the 2 GB iPod nano isn’t going to be around very long: it’s already been replaced in U.S. markets with more capacious versions, and Apple will undoubtedly continue to revise the line, offering greater storage capacity, new features, and more attractive price points. And pricing policy, technology tariffs, and other external factors may skew the results.

Interestingly, the Unites States falls behind Hong Kong, Japan, and Canada in pricing for the 2 GB iPod nano, while the nation where iPods are manufactured, China, falls squarely in the middle of the pack.

Economists might interpret the index to indicate the U.S. dollar can rise against many major world currencies without harming American consumer; however, U.S. government economists might not like the Chinese yuan’s placement in the scale, since the U.S. wants to see China cease manipulation the price of its currency and have its value rise in relation to the U.S. dollar.

World prices for 2GB iPod nano:

  1. Canada $144.20
  2. Hong Kong $147.35
  3. Japan $147.63
  4. U.S. $149.00
  5. Mexico $154.46
  6. Singapore $161.25
  7. Taiwan $164.88
  8. Australia $172.36
  9. New Zealand $172.53
  10. Switzerland $175.59
  11. South Korea $176.17
  12. China $179.84
  13. Germany $192.46
  14. Italy $192.86
  15. Spain $192.86
  16. Netherlands $192.86
  17. Austria $192.86
  18. U.K. $195.04
  19. Ireland $205.79
  20. Finland $205.80
  21. France $205.80
  22. Belgium $205.81
  23. Denmark $208.25
  24. Sweden $213.03
  25. India $222.27
  26. Brazil $327.71

Source: Commonwealth Securities, Ltd.; Apple.

Computing

Happy 30th, World Wide Web. Here’s how you changed the world, for good and bad

Thirty years ago, Tim Berners-Lee proposed the basics of the World Wide Web to the European Organization for Nuclear Research. Here's how the web has changed the world, and how the world may soon change the web.
Movies & TV

The best movies on Netflix in March, from Buster Scruggs to Roma

Save yourself from hours wasted scrolling through Netflix's massive library by checking out our picks for the streamer's best movies available right now, whether you're into explosive action, witty humor, or anything else.
Mobile

Free yourself! How to unlock a phone from the icy hands of your wireless carrier

Do you want to know how to unlock a phone through your carrier or a third-party service like DoctorSIM? Regardless of which way you want to go, we've compiled a list of requirements and methods for doing so.
Gaming

Relive Nintendo’s handheld golden age with the 25 best Game Boy Advance games

The Game Boy Advance was the swan song of the Game Boy era. It also happened to have a boatload of amazing games. We decided to countdown our 25 favorite GBA games from both first-party and third-party.
Emerging Tech

We’re going to the red planet! All the past, present, and future missions to Mars

SpaceX isn't the only organization pining to visit the Red Planet. Here's a detailed list of all operational and planned missions to Mars, along with explanations of their objectives, spacecraft details, and mission proposals.
Music

The best free music download sites that are totally legal

Finding music that is both free and legal to download can be difficult. We've handpicked a selection of the best free music download sites for you to legally download your next favorite album.
Social Media

Twitter takes a cue from Instagram and Snapchat with new quick-swipe camera

Twitter is giving the "what's happening" treatment to photos and video by allowing users to access the in-app camera fast enough to catch and share the moment. The new Twitter camera is now accessible with a swipe.
Computing

Make a GIF of your favorite YouTube video with these great tools

Making a GIF from a YouTube video is easier today than ever, but choosing the right tool for the job isn't always so simple. In this guide, we'll teach you how to make a GIF from a YouTube video with our two favorite online tools.
Movies & TV

No TV? No problem. Here's how to watch the Final Four online

Whether you want to watch the Big Dance on your phone or on your smart TV, we have the lowdown on the ways to watch all the March Madness you can handle. Grab your foam finger and some nachos.
Social Media

Yep, it’s not just you. Facebook, Instagram, and WhatsApp are down for many

Facebook's family of apps has been suffering issues for much of the day. Instagram, WhatsApp, Facebook Messenger, and Facebook itself have been out of action for users around the world, with the company scrambling to sort it out.
Web

Privacy-focused DuckDuckGo added to Chrome as a default search option

DuckDuckGo is now listed as a default search option on Google’s popular Chrome browser. The privacy-focused search engine was added this week as part of the browser's latest update.
Computing

Netgear’s new Nighthawk Pro Gaming router keeps you connected at a nice price

Netgear's latest router expands its Nighthawk range with a $200 entry. It's still fast and helps reduce lag in gaming, but it does it at the lowest price of a Nighthawk Pro Gaming router yet.
Mobile

Hey Google, why did you kill off Allo, your best messaging app in years?

Allo, Google's messaging app, has shut down. I convinced my closest friends and family to switch to the app two-and-a-half years ago when it debuted, and we've been using it since. With its death, I'm feeling pain and sadness.
Social Media

Facebook explains its worst outage as 3 million users head to Telegram

Facebook, if you didn't already know it, suffered a bit of an issue on Wednesday, March 13. An issue that took down not only its social networking site, but also Instagram, WhatsApp, and Messenger. On Thursday it offered an explanation.