The iPod International Currency Index

Snad writes "The BBC is reporting that an Australian bank has adopted the price of Apple's iPod as a means of tracking international currency values. Similar to The Economist's Big Mac index, this 'iPod index' tracks the price of a 2-GB iPod Nano around the globe and uses purchasing power parity to determine relative currency value. A sample quote: '"The index suggests that the US dollar has potential to appreciate against a range of major currencies, with the Australian dollar about 15% overvalued against the greenback," said Craig James, Commonwealth Securities' head economist.' The cheapest place to buy an iPod is Canada — $144 (but Hong Kong and Japan are almost as cheap); the most expensive is Brazil — $327."

Comments

Re:*Yawn*, Slow newsday?

[MrNaz]

Dude. iRiver S10.

About the same size. A zillion squillion dzjillion times better. You think that's a made up number? You'll realize it isn't when you compare the two players side by side.

Re:*Yawn*, Slow newsday?

[thegnu]

You do realize that you need actual evidence to claim something is overpriced, correct?

You do realize you need evidence to claim you need evidence to claim something is overpriced, correct? Apple's hardware costs more than comparable hardware. It's a freaking fact. When they were selling PowerPC architecture, you could pretend this wasn't the case, but not anymore. And you can argue that the operating system is great, the Status Symbol White-colored cases are beautiful, etc. Not untrue. But their crap tends to cost 30% more over what other stuff costs.