iPhone price hike coming next week? Apple may raise prices from tomorrow: Report
Reports suggest Apple may increase iPhone prices starting next week due to rising component costs and memory chip shortages. Analysts speculate that the upcoming iPhone 18 Pro series could see a price hike of up to $200.
Why it matters
As a market leader, Apple's pricing strategy often sets the trend for the broader consumer electronics industry, impacting global affordability and inflation.
After hiking MacBook and iPad prices earlier this year, a new leak has suggested that the Cupertino-based tech giant is looking to raise the prices of iPhones starting from next week.As per tipster Fixed Focus Digital on Weibo, Apple is planning to raise the prices of iPhones very soon. The tipster notes that this is still a rumour but added that the price hike could come into effect from 10th August onwards, i.e. Monday.The tipster also notes that Apple has decided to decrease the production capacity for current models.
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