Apple May Hike iPhone Prices by $200 Next Week

Apple may raise iPhone prices starting from next week, with a rumored price hike of up to $200 for the iPhone 18 Pro and iPhone 18 Pro Max. This potential increase comes after the company raised prices for Macs and iPads in June due to soaring memory and storage costs.

The iPhone 17 Pro and iPhone 17 Pro Max currently start at $1,099 and $1,199 respectively, or ₹1,34,900 and ₹1,49,900 in India. In contrast, the more affordable iPhone 17e and iPhone 17 start at $599 and $799.

Apple is expected to launch the iPhone 18 Pro, iPhone 18 Pro Max, and its first foldable iPhone next month. The iPhone 17 is set to remain Apple's mainstream option well into next year.

The company has also adjusted its trade-in values across several iPhone, iPad, Mac, and Apple Watch models. This move, combined with the potential price hike, may impact consumer purchasing decisions.

## Why it matters The potential price hike is not an isolated incident, as several companies have raised prices for their products amid a memory chip crunch and a general rise in component prices. Apple has stated that the consumer electronics industry is facing an unprecedented challenge due to the rapid expansion of AI data centers, which has created an extraordinary surge in demand for memory and storage.

## What happens next As the launch of the iPhone 18 Pro lineup approaches, analysts expect a real price hike for these models. The question remains whether Apple will work on major improvements to make its products more appealing at the new prices. With the company reducing production capacity for current models, it is likely that the price hike will have a significant impact on the market.