Will The iPhone 16 Series Cost More Than Previous Lineups? Here’s What We Know

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Even though Apple releases new features with the baseline iPhone models, their starting price has remained the same for quite some time. For instance, Apple launched the iPhone 12 (64GB) in India for Rs. 79,900. The following year, the company released the iPhone 13, with an increased storage of 128GB, at the same price. Even the iPhone 15 debuted in the country at Rs. 79,900. However, this trend could change with the arrival of the iPhone 16 later this year.

Usually, when a company sticks with the same components (display, camera, battery, chassis, etc.) for several years, their manufacturing cost goes down. This is how Apple has kept the baseline iPhone’s price from increasing. However, as Apple plans to provide several new components with the iPhone 16 series, there’s a good chance we’ll see a price hike in September. 

ALSO SEE: Dolby Vision Mobile Phones Price List 2024 

Factors Contributing To The iPhone 16 Price Hike

Addition Of New Components And Features

iOS 18 compatibility list

The first and foremost factor that could contribute to an increase in the price of the iPhone 16 is the addition of new features. For instance, even the baseline iPhone 16 is touted to ship with several AI-based features. Further, all the models in the lineup will get new A18 chips carefully designed for handling AI workflows. The iPhone 16 Pro and iPhone 16 Pro Max could feature advanced camera systems, along with a thinner and lighter design. 

The introduction of so many novelties could force Apple to increase its prices, especially for the Pro models. According to a report by Nikkei Asia, the production cost of the regular iPhone 15 went up by 16%, the iPhone 15 Plus by 10%, the iPhone 15 Pro by 8%, and the iPhone 15 Pro Max by 12%. However, the company only increased the retail price of the iPhone 15 Pro Max by $100. 

ALSO SEE: Latest Realme Mobile Phones

Inflation And Adjusted Cost Of Production

The second reason could be inflation, which could indirectly impact the company’s manufacturing costs. Further, we should factor in the fluctuations in currency conversion rates. Since an increase in inflation often leads to the downfall of a currency, the iPhone 16 might cost more in some regions than others. 

In 2024, the production costs could go even higher. Hence, we expect the regular iPhone 16 to cost about Rs. 10,000 more than the baseline iPhone 15, while the other models could also follow suit. However, this remains a conjecture as we’ve yet to hear any solid rumors or confirmation from the company. 

ALSO SEE: Cars With Tyre Pressure Monitoring System (TPMS)

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Shikhar MehrotraShikhar Mehrotra
A tech enthusiast at heart, Shikhar Mehrotra has been writing news since college for an undergraduate degree in Journalism and Mass Communication. Over the last four years, he has worked with several national and international publications, including Republic World, and ScreenRant, writing news, how-to explainers, smartphone comparisons, reviews, and list-type articles. When he is not working, Shikhar likes to click pictures, make videos for his YouTube channel, and watch the American sitcom Friends.

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