The average price of the iPhone 13 was spotted increasing after the release of the new iPhone 14. The newer Apple smartphone launched all four models on October 7.
Four Apple iPhone 14 Series Models were Launched on October 7
According to the story by Giz China, all four models of the Apple iPhone 14 series were launched on October 7. This meant that users who were previously able to make pre-orders for the model finally got it.
While new buyers could get their hands on the iPhone 14, the interesting thing is that the prices of the iPhone 13 also started to increase. The interesting discovery was explained in the latest marketing research report coming from CounterPoint Research.
Prices for the iPhone 13 Dropped by an Average of 11% With Its Demand Remaining Strong
As per the latest report, when the iPhone 14 series officially launched, prices for both the used and refurbished iPhone 13 started increasing. Its price increase was said to be an average of 11%, especially because the demand for the previous Pro models remained strong.
The article noted that although the iPhone 14 was supposed to be a huge thing, it was the first time in history that Apple had not made any performance improvements. There was reportedly no boost in performance for the models launched this year.
Increases in the iPhone 14 Prices Despite Only Two Major Upgrades
The two major upgrades were also not useful enough for the average buyer. The iPhone 14 promised satellite communication and car accident detection, which seems to be a niche function and won't be commonly used by regular buyers.
However, the price of the new iPhone 14 has risen despite the lack of major performance updates. Only the price of the entry-level version has increased, while other versions' prices have increased.
iPhone 14 Pro Max was Opened Up to See Its Difference Compared to the iPhone 13 Pro Max
With the increase in price for the standard version, they are now equal to the new third-party iPhone 13 Pro. The prices of other refurbished and second-hand versions of smartphones are also expected to be lower.
The article by Giz China notes that naturally, users with a tighter budget will choose the more affordable iPhone 13 Pro. A Japanese publication called Nikkei also decided to open the iPhone 14 Pro Max smartphone to calculate how much it costs compared to the iPhone 13 Pro Max.
iPhone 14 Pro Max Components were Found to Cost 20% More Compared to the iPhone 13 Pro Max
They found that the calculated cost of components for the iPhone 14 Pro Max was a whopping 20% increase compared to the iPhone 13 Pro Max components. The iPhone 14 Pro Max reportedly costs around $501, which is $60 more than the iPhone 13 Pro Max.
The Pro Max models' component prices have reportedly ranged from $400 up to $450 ever since they were introduced in 2018.
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This article is owned by Tech Times
Written by Urian B.
