Since the first iPhone debuted in 2007, they have grown more expensive by over 80 percent, according to a new study.
According to a study by Self, the price of the iPhone has risen 81 percent, an increase of over $ 400 since 2007. The study examined the price of the smartphone over the years from around the world and looked at the price of the original iPhone, as Steve Jobs famously revealed. It noted:
“Since its launch in the United States in 2007 and subsequent years in other countries, iPhone prices have risen by 81% across the globe. This means that by 2021, the latest flagship iPhone model will cost $ 437 more to buy in each of the 38 countries in which it is available than usual. ”
The price increase is accompanied by technological advances and regular increases in production costs. In addition, the rise in inflation is accelerated and Apple has to raise prices.
“However, many countries have experienced inflation and growth in purchasing power in recent years, and our research shows that Apple has risen iPhone prices 26% higher than local inflation rates. This means that the local affordability of a flagship iPhone costs people around the world $ 154 more real than the first models they could buy. ”
Self also created an interactive map highlighting changes in iPhone prices as a percentage of GDP over 14 years in 30+ countries around the world. The map revealed that the UAE experienced the largest increase in the iPhone price. In the UAE, the latest iPhone model costs twice as much as the original iPhone because prices rose 110 percent faster.
The Irish have seen iPhone prices fall by 29 percent because local inflation rose faster than the iPhone price. The iPhone 13 is the most expensive in India, where the average citizen would have to part with 14.75 percent of their average purchasing power to own a device.