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facing other headwinds as it prepares for the product launch next week. Supply chain hiccups stemming from China’s zero-Covid policy were partly linked to the company’s 11% year-over-year drop in quarterly profits reported last month. Apple CEO Tim Cook said on the earnings call, however, that there was “no obvious evidence of macroeconomic impact” to iPhone sales. Cook added that the company even set a third-quarter record “for both revenue and switchers to iPhone,” adding that “customers continue to find that iPhone remains the gold standard for smartphones.” Apple expected to unveil new iPhones at ‘far out’ event on September 7 Steadfast iPhone sales are linked in part to other the predictions from some industry insiders that Apple will hike up the price of its newest iPhones — though it is difficult to predict by just how much. Ming-Chi Kuo, an influential Apple analyst based in Asia, tweeted earlier this month that he expects Apple to raise the average selling price of the iPhone 14 lineup by some 15% compared to the iPhone 13 lineup. (Currently, the regular, non-mini, iPhone 13 starts at $799, the iPhone 13 Pro starts at $999 and the iPhone 13 Pro Max starts at $1,099.) In a research note Monday, analysts Dan Ives and John Katsingris of Wedbush Securities predicted that Apple would raise the price of its newest higher-end models by some $100. “We believe a $100 price increase on the iPhone 14 Pro/Pro Max is likely in store given component price increases as well as added functionality on this new release,” the note stated.
facing other headwinds as it prepares for the product launch next week. Supply chain hiccups stemming from China’s zero-Covid policy were partly linked to the company’s 11% year-over-year drop in quarterly profits reported last month. Apple CEO Tim Cook said on the earnings call, however, that there was “no obvious evidence of macroeconomic impact” to iPhone sales. Cook added that the company even set a third-quarter record “for both revenue and switchers to iPhone,” adding that “customers continue to find that iPhone remains the gold standard for smartphones.” Apple expected to unveil new iPhones at ‘far out’ event on September 7 Steadfast iPhone sales are linked in part to other the predictions from some industry insiders that Apple will hike up the price of its newest iPhones — though it is difficult to predict by just how much. Ming-Chi Kuo, an influential Apple analyst based in Asia, tweeted earlier this month that he expects Apple to raise the average selling price of the iPhone 14 lineup by some 15% compared to the iPhone 13 lineup. (Currently, the regular, non-mini, iPhone 13 starts at $799, the iPhone 13 Pro starts at $999 and the iPhone 13 Pro Max starts at $1,099.) In a research note Monday, analysts Dan Ives and John Katsingris of Wedbush Securities predicted that Apple would raise the price of its newest higher-end models by some $100. “We believe a $100 price increase on the iPhone 14 Pro/Pro Max is likely in store given component price increases as well as added functionality on this new release,” the note stated.
Here’s what might drive up the prices on the newest iPhones By Catherine Thorbecke, Business Updated 2019 GMT (0419 HKT) September 1, 2022 A Dominion voting machine ended up on eBay. Here’s how much it sold for Why it’s so critical for Artemis I to launch a mannequins only crew Rogan grills Zuckerberg on how Facebook moderates controversial content He was a famous hacker. Now, he’s detailing his main concern with Twitter Some Tesla drivers use kids as a prop to test ‘full self-driving’ feature ()With Apple widely expected to unveil the new iPhone 14 lineup at its upcoming event next Wednesday, a big question mark still surrounds how much, in this economy, the tech giant will charge for its latest-and-greatest smartphones. Apple has some famously loyal customers. Yet as broader economic forecasts get downgraded left and right, it might be a hard time to convince people to upgrade their iPhones. “Apple faces a real conundrum of pricing,” said Ben Wood, chief analyst at market research firm CCS Insight. On top of inflation and cost-of-living pressures wreaking havoc on consumers, he noted that Apple simultaneously faces rising costs associated with iPhone components and transportation. “My expectation is that Apple will probably have to nudge prices up,” Wood told Business. But given the strain consumers are facing, he thinks Apple will also do “everything they can to make that as minimal as possible.” Beyond the broader signals of a worsening economy, Apple is also
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