IPhone prices have risen more than 80 percent in the last 14 years
The first iPhone arrived in 2007 and since then, various models of this smartphone have been available to buyers. Now, new research has shown that the price of the iPhone has grown by more than 80% during its 14 years on the market.
This New study It has been done by “Self” website and the price of iPhone has been studied in different countries during the last 14 years. According to the report, the price of new iPhones in the global market has increased by 81% compared to the original iPhone. So on average, users have to pay more than $ 400 more to buy a new iPhone than the original iPhone:
“Since the launch of the first iPhone in 2007 and their sales in various countries, their price worldwide has grown by 81%. “This means that in 2021, the price of Apple’s newest flagship will be $ 437 more than the first iPhone in 38 countries.”
While we are facing a significant price increase, Apple has used more advanced technologies in the new iPhones and also increased the cost of producing smartphones. Apart from this, we should also mention the inflation in different countries that has caused the Cupertinos to increase the price of iPhones:
“Most countries faced inflation and, of course, increased purchasing power during this period. Our research shows that Apple has raised the price of iPhones by 26% above inflation. “With that in mind, new iPhones cost buyers $ 154 more than the original iPhone.”
In this report, we also come across an interactive map that shows the price of iPhones in more than 30 countries over the past 14 years. According to the map, iPhone prices in the UAE have risen 110 percent over the past 14 years.
Overall, the price of iPhones worldwide has grown by 7.75% annually, while the purchasing power of individuals has grown by 3.75% annually.