Apple iPhone 16 series will be on the more expensive side as per the reports. One of the reasons is rising Component prices globally, there are also some rumors claiming price drops for non-pro Variants with A17 Bionic Chipsets.
However, the final prices remain uncertain till Apple’s official Statement or Announcement.
About Apple Iphone 16 Series
Apple iPhone 16 series is the most anticipated mobile series globally, Apple launches their iPhone series which are successor of their previous ones every September.
Also this year Apple is expected to launch the iPhone 16 series in September. Like the previous series, this upcoming line also includes four models iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max.
Pricing of Iphone 16 Series
According to the reports, the Baseline Models will cost around $800 at launch time and may be reduced significantly after 1-2 months of Launch.
However, the Pro and Pro Max Variants might hike their prices. Previously, iPhone 15 Pro Max was Launched at $1200 last year which was $100 more than its predecessor iPhone 14 Pro Max.
Why iPhone 16 Series getting More Expensive?
One of the major Behind the rate hike may be increased production costs that are forcing Apple to raise prices for its upcoming iPhone 16 Lineup.
Reportedly, the cost of the components used in the previous lineup is a bit higher compared to the upcoming models.
Additionally, The cost of production of the iPhone 15 Pro went up by 8%, The Plus by 10% and the Standard Model by 16%.
Even though their cost of production is increasing apple has increased the retail prices so it becomes a necessity to increase the price of the upcoming lineup to balance out the profit margins of the company.
Additionally, Apple will be adding better and more advanced Cameras in the iPhone 16 Series. So, it is quite a signal to expect a significant price hike.
