Apple's upcoming iPhone 16 series is expected to launch in about four months, and will bring with it a slew of new features and improvements. However, there is increasing speculation that the iPhone 16 models will have a higher price tag, largely due to the addition of high-end components and other factors that influence production costs. This follows the trend of last year's iPhone 15 Pro Max, which saw a retail price increase of $100.
The price increase of the iPhone 15 Pro Max was attributed to the expensive telephoto camera, A17 Pro chipset, titanium frame and high-end Samsung display. According to a Nikkei Asia report, these elements pushed the production cost to $558, about 12 percent higher than that of the iPhone 14 Pro Max. Meanwhile, the base iPhone 15 and iPhone 15 Plus managed to maintain their prices despite significant upgrades, even though their production costs had also risen.
Rumors suggest that Apple's iPhone 16 Pro and iPhone 16 Pro Max will feature lighter and thinner designs, advanced camera systems, and new A18 chipsets. Additionally, these devices are expected to feature artificial intelligence (AI) technology, which could further contribute to higher production costs. These factors, combined with inflation and a generally higher production rate, are considered the main reasons why the iPhone 16 series may see a price increase.
While it remains unclear whether the price hike will extend to all models in the iPhone 16 lineup, experts suggest the Pro models are most likely to be affected. Final prices for the iPhone 16 series will likely remain uncertain until closer to the official launch.
As the launch date approaches, Apple enthusiasts and industry analysts are keeping a close eye on the company's announcements. Given the expected technology and design upgrades, expectations are high, and many are curious to see how Apple will meet the challenges of rising production costs while maintaining consumer interest.
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Published: May 2, 2024 4:51 PM IST