According to a study by CompareMyMobile, the prices of iPhones have increased by 81% since the launch of the first iPhone in 2007. The study analyzed the prices of all iPhones released since 2007 and found that the average price has increased from $499 in 2007 to $899 in 2021.
The study also found that the most expensive iPhone models, such as the iPhone 11 Pro and the iPhone 12 Pro Max, have contributed significantly to the overall increase in prices. These models are priced at $999 and $1,099 respectively.
The study suggests that the increase in iPhone prices is due to a combination of factors, including the rising cost of materials, the increasing complexity of smartphone technology, and the high demand for iPhones in the market. Additionally, the study notes that the introduction of new features and technologies, such as 5G connectivity and improved cameras, has also contributed to the increase in prices.
However, the study also acknowledges that while iPhone prices have increased, so have the features and capabilities of the devices. This has led to a debate over whether the higher prices are justified by the improved functionality and user experience offered by the latest iPhones.
Overall, the study highlights the significant increase in iPhone prices over the past decade and a half. While some users may be willing to pay the premium for the latest iPhone models, others may opt for older, more affordable models or switch to other smartphone brands.