The iPhone keeps getting more and more expensive

The price of the iPhone 13 is 81% higher ($437) on average around the world than the first iPhone models, according to a new study by Self, Inc., a “credit builder account company.”

In the U.S., the cost of iPhones has risen over 60% since launch in 2007, outstripping local purchasing power (42%) meaning an iPhone now costs $88 more in real terms. Around the world, flagship iPhones have risen an average of 7.75% per year in price, compared to purchasing power which has risen 3.75% per year.

Self’s report also notes that:

° In real terms, that means an iPhone costs $154 more today than when it was originally launched for all people around the world.’

° Residents in the UAE have seen iPhone prices rise the fastest of all countries compared to local inflation, with prices rising 110% faster. ° Residents of Ireland has seen prices fall by 29% in real terms, because of local inflation rates rising faster than iPhone price increases. 

° The iPhone 13 is most expensive for people in India, who have to spend 14.75% of their yearly purchasing power to own one. In comparison, people in the US need to spend just 1.17% (the 4th lowest around the world).

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.