The iPhone 13 family consists of the 5.4 inches iPhone 13 mini which starts at $699, the 6.1 inches iPhone 13 which begins at $799, the 6.1 inches iPhone 13 Pro, the entry-level variant of which costs $999, and the 6.7 inches iPhone 13 Pro Max, which retails for $1,099.
Rumors have it that only the iPhone 14 Pro and iPhone 14 Pro Max will be powered by the new A16 Bionic chip. Reports indicate that chip-making has become a costly business and some Apple suppliers are planning to pass on that cost to the Cupertino giant.
New intel suggests prospective iPhone 14 buyers should brace for a price increase anyway.
Echoing industry sentiments, Ives said that prices have been rising across the supply chain and Apple may pass the costs to consumers.
CCS Insight’s Ben Wood believes that although the increasing production and component costs may necessitate a price increase, Apple may still not go forward with it because of the increasing cost of living.
Apple will have some tough decisions to make on pricing on iPhone 14. There is no question that production and component costs continue to rise for all consumer electronics makers, and in the case of the UK, exchange rates are a factor too. These elements would suggest a price rise may be necessary. But given the cost of living head-winds Apple may decide that increasing prices could be counterproductive.” – Ben Wood
Consumers will probably not be willing to pay higher prices for the standard models anyway, given that they will likely retain the design and rear cameras of their predecessors. The only significant improvement that is expected is that the iPhone 14 and 14 Max could get an improved selfie camera and satellite messaging capabilities.
The Pros, on the other hand, are rumored to get a new 48MP rear camera as well as a new front design, on top of the aforementioned new SoC.
