According to the fresh report, in the upcoming years Apple iPhone models could cost more than Rs 4.7 lakh. The starting price of iPhone 5 was $199 and next to it iPhone 13 Pro Max was launched at $1,099. Simultaneously, other brands’ smartphones also tend to increase their prices.
The costs of smartphones have been recorded to increase significantly in the past few years according to its rising input and manufacturing costs. In the future there is a huge chance of proposing a remarkable hike in the prices of smartphones. Apple iPhone could cost more than Rs 4.7 lakh in the upcoming year 2032 approximately 10 years from now. Even today the foldable phones are marking heights with a range up to Rs 2 lakh per device.
Whereas on the contrary brands try to make smartphones much more affordable by offering card discounts, cashback offers, and exchange offer discounts. If the price of phones shoots up rapidly in the coming years then it will become impossible for the layman to deal with the costs.
It is of utmost importance for us to get notified with the fact that Apple was the first company to launch a phone above the $1000 mark with iPhone X in 2017.