New Delhi: In the past few years, with rising input and manufacturing costs, the prices of smartphones have increased significantly. However, according to a new report, there may be a significant increase in the prices of smartphones. For example, the report states that the Apple iPhone could cost more than Rs 4.7 lakh in the year 2032, 10 years from now. If you find that expensive, then you should note that even today, foldable phones are selling for up to Rs 2 lakh per device. So, Rs 4.7 lakh for an iPhone in 2032 may not shock Apple fans or interested buyers.
Currently, brands try to make smartphone buying more affordable by offering discounts like card discounts, cashback offers and exchange offers. However, if phone prices rise sharply in the coming years, it may become more difficult to woo customers with such deals. (Also read: DeltaTech Gaming files IPO documents worth Rs 550 cr with SEBI)
A report published by smartphone marketplace Mozillion suggests that the flagship iPhone could cost over Rs 4.7 lakh. It is important to note that Apple was the first company to launch a phone above $1000 with the iPhone X in 2017. (Also read:
The report states that the price of iPhone models has increased significantly over the past decade, with the iPhone 5 launching in 2012 at a starting price of $199. In comparison, the iPhone 13 Pro Max was launched at an initial price of $1,099. Rates are expected to go up further. (Also read: Paytm CEO Vijay Shekhar Sharma buys firm shares worth Rs 11 cr, stock rises nearly 5%)
The report also said that apart from Apple, other smartphone makers are expected to increase the prices of their devices. For example, Huawei’s high-end smartphones may cost more than Rs 2.57 (at the current rate) in 2032. Similarly, Motorola’s flagship smartphones could cost over Rs 2.6 lakh by 2032.