Apple’s major Iphone shock: No U.S. cost hikes

Apple’s major Iphone shock: No U.S. cost hikes


Apple released the Apple iphone 14 lineup, Apple Enjoy 8 products, and new AirPods Pro at an function in Cupertino, California, on Sept. 7, 2022.

Sofia Pitt, CNBC

During Apple’s once-a-year Iphone launch occasion on Wednesday, the company unveiled equipment with improved shows, cameras, a satellite messaging aspect, and a a bit new style on the Pro designs, changing the notch with a lesser, a lot more built-in cutout.

But the biggest surprise from Apple is anything that failed to take place: a selling price increase.

Regardless of surging inflation close to the planet and provide chain challenges that have built it much more hard to procure areas, Apple said the entry amount Apple iphone 14 will get started at $799, the same total that it initially charged for past year’s Iphone 13. The successor to the Iphone 13 Professional, the Iphone 14 Professional, continues to be at $999. Apple’s best-close Apple iphone, the Professional Max, still commences at $1099 for the new edition.

Analysts experienced been expecting some price tag hikes in Apple’s lineup. In holding continual, Apple didn’t want to further more dent demand from customers with the hazards of a deteriorating economic climate now threatening to crimp shopper spending. IDC expects international smartphone shipments to drop about 6% this yr, whilst largely in the decreased-finish types where by Apple isn’t going to contend.

Apple shares rose about 1.4% on Wednesday to $156.61.

Intercontinental rates could shift

Apple did make a person tweak to the lineup that could boost the common providing selling price of an Iphone. The organization removed the Apple iphone 13 Mini, which was the the very least highly-priced design, at $699. It really is been changed by the Apple iphone 13 Moreover, a more substantial design with a 6.7-inch display screen and an $899 rate tag.

Apple also released a pricey new Apple Watch, the Ultra, with a even larger monitor and more rugged titanium situation, which starts off at $799.

But even that unit is significantly less high-priced than Apple’s Edition styles, which value as substantially as $10,000 when introduced in 2014, and is in line with extra recent Editions with titanium instances that started out at $799. The other new Apple Watch styles, the Collection 8, are regular with preceding costs.

Apple lifted the entry-degree rate for a new Apple Look at by eradicating the Sequence 3, an older design that was retailing for $199. The minimum high priced new Apple Look at is now the SE, which starts at $249, or $30 less than the older SE version.

Apple also launched a new variation of its AirPods Professional wi-fi earbuds at $249, unchanged from the past model.

While U.S. selling prices have been mostly flat, Apple sets selling prices in each region and they can occasionally vary from the American price tag transformed into a foreign forex. The U.S. dollar is strong ideal now, and some units are a lot more pricey abroad. For illustration, Apple’s new Extremely view commences at $1,099 in Canada.

Enjoy: Apple’s product or service cycle is not a shock any more

Apple's product cycle is not a surprise anymore with new features and gadgets, says Carter Worth



Supply

CNBC Daily Open: Capex is the number to look at amid Big Tech earnings
Technology

CNBC Daily Open: Capex is the number to look at amid Big Tech earnings

Signage at Google headquarters in Mountain View, California, US, on Thursday, Oct. 23, 2025. Benjamin Fanjoy | Bloomberg | Getty Images The news is coming in fast and thick. Strap in. First, interest rates. The U.S. Federal Reserve lowered rates by 25 basis points, as expected by traders. But Chair Jerome Powell cautioned that another […]

Read More
Wall Street hates Meta’s AI spending guidance raise. We don’t
Technology

Wall Street hates Meta’s AI spending guidance raise. We don’t

Meta Platforms shares were taking a beating in extended hours trading on Wednesday after management raised its expense guidance and took a massive tax charge. Revenue in the three months ended Sept. 30 climbed 26% year over year to $51.24 billion, easily outpacing the consensus estimate of $48.14 billion, according to LSEG. Adjusted earnings per share […]

Read More
Fund managers reveal their bubble recipes and what to watch for as AI stocks soar
Technology

Fund managers reveal their bubble recipes and what to watch for as AI stocks soar

AI is tipped to transform the economy and eventually evolve into a $4.8 trillion market, but the question on everyone’s lips right now is: is the market in a bubble? Everyone from tech CEOs to asset managers and central bankers is worried the promise of AI could quickly turn sour if it doesn’t live up […]

Read More