New Delhi: Reports indicate that the upcoming iPhone 15 Pro models are set to receive a significant price increase this year. Numerous leaks have surfaced regarding the pricing of the 2023 iPhones, with the latest revelation coming from respected Wall Street analyst Dan Ives. Ives, who had previously warned about the high price of the iPhone 14 series, stated in an interview with CNBC that Apple plans to raise the prices of the iPhone 15 Pro and iPhone 15 Pro Max by up to $200 (approximately Rs 16,490). Here are the details.
Although the exact price details have not been disclosed by the analyst, he predicts a hike of around $200 for the Pro models. This translates to approximately Rs 16,490 in India. This suggests that Apple intends to impose a substantial increase in price. According to the source, while the prices of the iPhone 14 Pro variants in the US remained unchanged, this year’s models will be considerably more expensive in that market. Unfortunately, international markets that already witnessed steep price hikes for the iPhone 14 Pro models will be subjected to another increase in 2023, according to the source.
To provide context, the base model of the iPhone 14 Pro was priced at Rs 1,29,900 in India, while it was announced in the US at $999 (roughly Rs 82,380). If the company indeed raises the price by $200, the US price would reach $1,199, which amounts to approximately Rs 98,850 in India. However, it is important to note that the Indian price of the iPhone 15 Pro will likely differ due to additional charges such as GST, customs, and other fees applied by the company. The Indian price of the iPhone 14 Pro model was nearly Rs 47,500 higher than the US market price. Consequently, it is expected that the iPhone 15 Pro models will be significantly more expensive.
Similarly, the iPhone 14 Pro Max was initially launched at $1,099 (approximately Rs 90,626). With a potential $200 hike, the price of the iPhone 15 Pro Max could reach $1,299 (roughly Rs 1,07,090). However, as with the iPhone 15 Pro, the Indian price is likely to differ. Last year, the iPhone 14 Pro Max was made available in India for Rs 1,39,900, resulting in a price gap of Rs 32,800 between the Indian and US markets.
There is a possibility that Apple might decide to maintain the same prices for the new iPhone 15 Pro models in India. Currently, there is no information available regarding the Indian prices. The prices of the iPhone 12, iPhone 13, and iPhone 14 remained unchanged. Therefore, several leaks have suggested that the iPhone 15 might also see a price increase, although there is no confirmation on this yet.
The launch of the iPhone 15 series is expected to take place in approximately two months, as Apple typically unveils its new iPhones in September. As we approach the launch event, more details about the 2023 iPhones will likely emerge.
