iPhone Price Predicted to Reach USD 6.000 in 2032

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Around 2016, six years ago,Six years ago, a smartphone price tag of over USD 700 was considered a luxury. But now it seems to be commonplace.

Apple's 2017 iPhone X was the first phone to sell for USD 999. Even though it was expensive at the time, the iPhone X was very popular and successful. Before long, competitors, including Samsung, and even the Chinese manufacturer, which prided itself on its low price tag, followed in Apple's footsteps.

Mozillion has analyzed the rise in smartphone prices over the last decade. And based on that, have made some predictions about how much more smartphone prices will rise over the next ten years. Mozillion says that we could pay more than USD 6,000 for a premium phone by 2032.

iPhone has a bigger price increase than any other smartphone. The price of the flagship iPhone rose sharply from $199 in 2012 for the iPhone 5 to $1,099 for the iPhone 13 Pro Max, an increase of 452 percent. If this trend continues, the iPhone 2032 could be priced at USD 6,069.

Surprisingly, Motorola and Huawei came in second and third in the list of phones that experienced the biggest price increases in the last ten years. High-end phones from Huawei could sell for over $3,300 by 2032, assuming the current trend continues.

Before the US put Huawei on the ban list, Huawei phones used to be 30 percent cheaper than competitors. However, the company is now struggling to find components, due to shortages in the market, which has led to price increases.

Meanwhile, the price of Motorola's high-end phones has increased from $299.99 in 2012 to $999.99 in 2022, making it 233 percent more expensive. And if this trend is maintained, premium phones from the brand could cost more than USD 3,333 by 2032.

Samsung is in fourth place with an increase of about 184 percent for the best phone with the most specifications. Meanwhile, the price of Nokia's premium phones has increased the least in the last decade, only 55 percent.

Although interesting, the report should not be considered as definitive data. With the price of food to fuel rising and shortages of resources plaguing the world, prices could go up a lot more than that. In addition, consumers who are not domiciled in the country of origin of the product also have to pay import duties and taxes.