New Delhi: It appears that this year’s iPhone may not be priced as low as the iPhone 13 series, and those who are waiting to buy the 2022 variant may have to pay more for the base model as well. The iPhone 14 series can cost as much as $100 more than the iPhone 13 series, which is a significant price increase.
Due to high import duty, GST duty and other factors, iPhone price in India is already quite high as compared to US market. As production and component costs are rising for all makers of consumer electronics, people should be prepared for price increases, according to Wedbush Securities analyst Dan Ives. Apple may choose to pass on the increased cost to the customers by making the price of the iPhone 14 series higher. Read more: Elon Musk breaks silence on being sued by Twitter to terminate $44 billion acquisition deal, says THIS
“We think the price of the iPhone 14 will go up to $100,” Dan of Wedbush Securities told The Sun. Cupertino will have to pass these expenses along to the user with this release as prices continue to move up across the supply chain, he continued. Read More: iPhone 14 Launch Date Revealed! Apple will unveil the iPhone 14 series on September 13
If that’s the case, then there is a possibility that the iPhone 14 could be priced higher than last year’s smartphone – possibly up to Rs 10,000. In India, $100 is roughly equivalent to Rs.8,000, while Apple usually values $1 as Rs.100. Hence, a price increase is expected near Rs 10,000.
The starting price of iPhone 13 in India is currently Rs 79,990. In short, this means that the iPhone 14 could cost around Rs 90,000. However, we do not expect the corporation to increase the price so much. Analysts also say that Apple may elect to retain its current price point, which could boost sales of the iPhone model. Considering that the price of iPhones is already quite high for many Indians, it is likely that due to its high cost some people will be able to buy the iPhone 14 series.
Considering that the iPhone 14 Pro variants are expected to receive significant design and camera upgrades, it is possible that the company may opt to increase the cost of these models. The generic version of the iPhone 14 series is not expected to see significant improvements in these areas, but the Pro variants are rumored to receive the upgraded chipset as well. We still have a way until the iPhone 14 is released, as Apple is rumored to be hosting an event on September 13.