Are You Ready To Pay More For Your Next Smartphone? Here's Why You Might Have To
Portfolio Pulse from Rounak Jain
Smartphone prices are expected to rise due to increased costs of components and new features. Apple Inc. (AAPL) is expected to increase the price of its iPhone 15 Pro and Pro Max by $100-$200. Google's Pixel 8 series, under Alphabet Inc. (GOOG, GOOGL), is expected to start at a higher price point of $649, up from Pixel 7's $599. Samsung's Galaxy S24 series is also expected to get more expensive. The upcoming Qualcomm Inc. (QCOM) Snapdragon 8 Gen 3 chipset is rumored to be priced higher, which will directly impact upcoming Android flagship phones.
August 17, 2023 | 12:46 pm
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NEUTRAL IMPACT
Apple is expected to increase the price of its iPhone 15 Pro and Pro Max by $100-$200.
The price increase could potentially affect sales volumes, but Apple's strong brand and loyal customer base may mitigate this impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Google's Pixel 8 series is expected to start at a higher price point of $649, up from Pixel 7's $599.
The price increase could potentially affect sales volumes, but Google's strong brand and loyal customer base may mitigate this impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The upcoming Qualcomm Snapdragon 8 Gen 3 chipset is rumored to be priced higher, which will directly impact upcoming Android flagship phones.
The price increase could potentially affect sales volumes, but Qualcomm's strong brand and loyal customer base may mitigate this impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70