In a recent report, analyst Ming-Chi Kuo predicts that the iPhone 14 will cost much more than its predecessor. He claims that both the iPhone 14 Pro and iPhone 14 Pro Max will cost more than its forerunners.
But this year’s arrival of the bigger iPhone 14 Max means there are some crucial features to remember.
The Impact Of An iPhone 14 Price Hike
Since the $999/$1099 pricing structure for the iPhone 11 Pro and iPhone 11 Pro Max was established, a lot has changed, so it’s hard to blame Apple for at least contemplating boosting costs for the iPhone 14 Pro and Pro Max. Component costs are at an all-time high due to supply constraints, inflation, and the pandemic itself.
But those financial difficulties don’t simply harm Apple. Nearly every purchase made by consumers now carries a higher price tag. They are therefore reducing their discretionary expenditure.
According to Apple, the iPhone is a need for many consumers. If you have to make the purchase, you do so. Consumers will spend less elsewhere before giving up their smartphones. Even in times of economic uncertainty, iPhone sales can be robust, as demonstrated by Apple’s Q3 financial figures.
But if a new iPhone is released and it costs even more than the previous one, this might not be the case.
Users of iPhones who planned to upgrade this year may postpone or abandon their plans. People migrating from Android to iPhone may decide to use a less expensive iPhone model or continue using an Android phone. A cheaper iPhone model or an Android handset could be chosen by first-time smartphone consumers.