iPhone 15 Pro Predicted to See First Price Increase Since iPhone X

Apple's next-generation iPhone 15 Pro and iPhone 15 Pro Max will likely be more expensive than previous Pro models, according to Jeff Pu, a tech analyst at Hong Kong-based investment firm Haitong International Securities.

iphone 14 pro max deep purple feature purple
In a research note this week, Pu predicted the iPhone 15 Pro models will see a price increase due to several rumored hardware upgrades, including a titanium frame, solid-state buttons with haptic feedback from extra Taptic Engines, an A17 Bionic chip, increased RAM, a periscope lens for increased optical zoom on the Pro Max model, and more.

This is the second time that a price increase has been rumored for iPhone 15 Pro models, following an unverified claim on Chinese social media website Weibo in January, but whether Apple finally raises pricing for the devices remains to be seen. In the U.S., the Pro model has started at $999 since the iPhone X was released in 2017, while the Pro Max has started at $1,099 since the iPhone XS Max launched the following year.

Outside of the U.S., Apple has increased the prices of iPhones multiple times in recent years, largely due to foreign currency fluctuations. In the U.K., for example, the iPhone 14 Pro starts at £1,099, compared to £949 for the iPhone 13 Pro.

A price increase in the U.S. is plausible given above-average inflation rates. Apple has managed to keep starting prices unchanged for six straight generations of Pro models, but prices will likely have to increase eventually for the company to maintain its profit margins. It's unclear if the standard iPhone 15 and iPhone 15 Plus would also see a price increase over the iPhone 14 and iPhone 14 Plus, which start at $799 and $899, respectively.

Apple is expected to announce the iPhone 15 series in September as usual. All four devices are rumored to feature a USB-C port, the Dynamic Island, and a slightly more curved frame, while over 10 additional features and changes are rumored for the Pro models.

Related Roundup: iPhone 15 Pro
Tag: Jeff Pu

Top Rated Comments

HobeSoundDarryl Avatar
15 months ago
We will sling the new standbys of "inflation" and "supply chain" with maybe a sprinkle of "covid" at each other to be followed by Apple Inc reporting record profits. Apparently inflation/supply chain/covid only affects us consumers. :(
Score: 88 Votes (Like | Disagree)
Jimmy_Banks Avatar
15 months ago
The average person can barely afford food and rent due to inflation, tech companies are firing workers despite record profits, Apple is holding back bonuses on it's employees.

But Tim the bean counter decides now is a good time to increase prices.
Score: 77 Votes (Like | Disagree)
lanomds1 Avatar
15 months ago
In Europe the iPhone Pro price tag is already a joke. Can’t believe it’s going up again
Score: 60 Votes (Like | Disagree)
hacky Avatar
15 months ago
Totally get that. Current price is absurdly low.
/s
Score: 52 Votes (Like | Disagree)
temende Avatar
15 months ago
Well that makes this is an easier decision than usual, sounds like I'll be keeping my 13 Pro another year.
Score: 33 Votes (Like | Disagree)
PauloSera Avatar
15 months ago
After how well iPhone 14 Pro sold, you know Tim is just drooling over the prospect of a price increase. It is his mission in life to see how much money he can get from one person for essentially the same thing.
Score: 27 Votes (Like | Disagree)

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