Rising Production Costs Could Lead to Higher iPhone 16 Prices in 2024

High Costs of iPhone 15 Components May Impact Future iPhone Pricing

While the iPhone 15 has just made its debut, new rumors surrounding the iPhone 16 line are hinting at potential price increases in 2024, which might not be welcome news for Apple enthusiasts.

A recent report from Nikkei Asia sheds light on the unexpectedly high production costs of the iPhone 15 and its sibling models. These elevated costs could compel Apple to raise the prices of the iPhone 16 next year.