If you are waiting for the new iPhone 14 series, then there is a bad news for you. Actually, buying a new iPhone now can be heavy on your pocket. We are saying this because a report is claiming that Apple may increase the price of its next iPhone outside the US.
Expert told the reason
According to an expert, the price of iPhone 14 will be higher as a result of inflation and loss of Russian revenue due to war in Ukraine. Above all, the latest COVID-19 lockdown in China has also slowed production of the new device, which is rumored to be launched in September this year. This dire prediction has been made by Chris Caso, an analyst at New York-based financial services firm Raymond James.
iPhone 14 models will be expensive
PhoneArena reported in its report on Monday that Caso has warned of rising prices for the iPhone 14 range. This means that the new mobile will cost more than last year’s iPhone.
Caso wrote in a note to investors that a poor exchange rate could also prove to be a tough year for Apple. That’s despite Apple posting strong results in its latest earnings report last week with a five percent year-on-year increase in iPhone revenue.
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Caso said “Apple posted a strong March quarter, but commentary implied the most significant impact coming from currency-driven incremental weakness in June, Russia’s revenue loss, and production issues driven by China’s lockdown.” The recent lockdown in China has slowed production of gadgets and microchips with many factories closing their doors.”
How much will the price increase?
It is not clear how much the prices of the iPhone 14 will exceed the prices of the iPhone 13. Apple has yet to confirm that it is making an iPhone 14, though it’s safe to assume that work on the device is ongoing. It is expected to arrive in September or October and come with an upgraded camera on the display. As per the rumours, four versions of the gadget will be unveiled by Apple.
(cover photo credit-thesun.co.uk)