Apple plans on launching its iPhone 14 series at the ‘Far Out’ event scheduled for September 7, next month. As is the case with every Apple launch event, Apple users are excited about the new features and upgrades that the iPhone 14 will offer. Perhaps the most common question on everyone’s mind is the price of the new iPhone 14. In this article, we take a closer look at how much the new iPhone 14 may cost and if it will be more expensive than the iPhone 13.
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iPhone 14: Rumoured price and the factors surrounding it
According to Apple analyst Ming-Chi Kuo, Apple could increase the price of the iPhone 14 by about 15%. Currently, iPhone 13 is priced at $799 (Rs 63,990 in India) with prices rising to $999 and $1099 for the Pro (Rs 1,19,900) and Pro Max (Rs 1,29,9000). The iPhone 13 Mini is priced at $699 (Rs 69,900), but it is heavily rumoured that the iPhone 14 will not come with a mini version. According to Kuo, the Average Selling Price (ASP) of the iPhone 14 could be between $1,000-$1,050. The price hike has been chalked up to the price hike of the iPhone Pro and a ‘higher shipment proportion’.
Hon Hai/Foxconn is one of the winners of the increased ASP of iPhone 14 series. I estimated iPhone 14 series ASP would increase by about 15% (vs. iPhone 13 series ASP) to $1,000-1,050 (USD) due to two iPhone 14 Pro's price hikes & higher shipment proportion. https://t.co/UgiW0kom4F
— 郭明錤 (Ming-Chi Kuo) (@mingchikuo) August 10, 2022
Wedbush Securities analyst Dave Ives believes that the new iPhone 14 could be priced around $100 more than the iPhone 13 due to the rising supply chain costs. So, after launching the iPhone 13 for exactly the same price as iPhone 12, it seems that Apple will be hiking the price of the new iPhone this year. Prices in India could also be affected by inflation and the Rupee taking a hit against the dollar.
Frequently Asked Questions
Will there be an iPhone 14 Mini?
Rumours suggest that Apple could discontinue the iPhone mini with iPhone 14. This means the least expensive iPhone will cost at least $799.
Will the price of the iPhone 13 drop after the release of the iPhone 14?
Going by previous trends, Apple will reduce the price of the iPhone 13 after the launch of the iPhone 14.
What new features can be expected from the iPhone 14?
Apple is looking to replace the notch on the display with a notch and pill design on the iPhone 14. The iPhone 14 is also expected to come with a new A16 chip and an Always-on display.