You keep using that word. I do not think it means what you think it means.
"wage: a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker."
According to http://www.reinisfischer.com/average-salary-european-union-2..., minimum wage in Europe -- well, EU at least -- ranges from ~230 USD in Bulgaria to ~2600 USD in Luxembourg. An unlocked iPhone 6 costs ~650 USD.
So your lower bound is actually an upper bound: it's actually between 4 days and 2 months of minumum wages.
In Romania, the cheapest iPhone 6 is 736 euro, which is 4.5 times more than the minimum salary after tax or 2 times more than the average salary. But the average salary is skewed because we have a big income disparity. There are a few fields, like IT, that earn way more than the other fields.
Now, depending on his location, he'll have a different definition of Eastern Europe. If you're west of Romania, you'll probably say you're in Central Europe, that's usually the geographic definition. From what I can understand, for many people outside Europe, Eastern Europe means countries that were in the URSS' sphere of influence.
Wealthy people DO use really expensive watches to show off, and the Apple Watch Edition serves that purpose. But for most watch buyers in the US, their watch is more of a fashion statement than a wealth statement. It's saying "Look at my great taste and sense of style." That's part of what the iPhone and MacBooks do in the US, and that's the goal of the Apple Watch here as well.
I think overall, though, the Apple Watch is failing at that goal in the US. Most people I know think it's only slightly less dorky and useless than Google Glass.
This betrays a misunderstanding of how disposable income works. For monthly wages below some n (where is n is determined by the cost of living in your city), a person's disposable income is effectively $0. In other words, someone making $1200/month doesn't have twice as much disposable income as somebody making $0/month. They both have zero disposable income.
There's a lot of not expensive things that people on minimum wage can't afford because it's not a living wage.
If you ignore rent, utilities, food, that unexpected medical emergency, this months car repairs because you can't get to work without it, and you can't afford to save up to get a nicer car that doesn't always break down because of these constant repairs...
It's a "hey look at me, I'm rich" signal more than anything. Most people can't afford it, given that there are no carrier subsidies in Europe and current generation iPhone costs between two and four monthly wages, depending on which part of Eastern Europe you are in. It can also fall and break at any moment, making it rather risky thing to own - you can't just have to afford it once, you have to afford it repeatedly.
I guess Apple learned it's lesson here and is now trying to do the same in the US with different device.