iPhone 18 Pro and Foldable iPhone Tipped to Get Price Hikes Too
Key Points:
- Apple's upcoming iPhone 18 Pro lineup and first foldable iPhone are expected to launch with higher prices than initially predicted, with the foldable model possibly costing 10% to 20% more than earlier estimates.
- The foldable iPhone could exceed $2,000 in the U.S., potentially reaching over $2,500 for higher storage variants, making it the most expensive iPhone to date.
- Chinese leakers suggest the iPhone 18 Pro series may see an 11% to 20% price increase compared to the iPhone 17 Pro, which could translate to starting prices around $1,220 to $1,400 in the U.S. for non-foldable models.
- Rising production costs, particularly for DRAM and new camera systems, are driving these price hikes, with estimates showing a 25% increase in the bill of materials for the iPhone 18 Pro.
- Apple recently raised prices on most devices due to soaring memory and storage chip costs, marking a shift from its usual practice of absorbing component cost increases rather than passing them on to consumers.