iPhone 15 Pro price hike likely! Phone to cost over $1000

Photo Credit: Apple

 iPhone 15 Pro price hike is coming. So, if you are saving up to buy this iPhone after launch, remember to save more than what you had thought.(Representative photo)

Photo Credit: Apple

iPhone 15 Pro price hike will push the purchasing cost to levels never seen before. (Representative photo)

Photo Credit: HT Tech

Apple iPhone 15 launch is slated for sometime in September, 2023. (Representative photo)

Photo Credit: HT Tech

There are various reasons behind this likely price hike move by Apple. (Representative photo)

Photo Credit: Apple

The first is that iPhone 15 Pro will undergo a huge number of upgrades. That means the cost of production is set to rise. (Representative photo)

Photo Credit: Apple

Also, an unverified source on Weibo suggested that Apple is planning to widen the gap between iPhone 15 Pro and iPhone 15 Plus models, as per MacRumors. (Representative photo)

Photo Credit: HT Tech

Resultantly, this also will translate into an increase in price for the iPhone 15 Pro. (Representative photo)

Photo Credit: HT Tech

The starting prices for the latest iPhones, iPhone 14 Pro and iPhone 14 Pro Max, are $999 and $1099 respectively. (Representative photo)

Photo Credit: Apple

Therefore, any price hike for the iPhone 15 Pro will push the starting price above the $1000 mark for the first time ever.  (Representative photo) 

Photo Credit: Apple

 Another reason for the hike may be that Apple has maintained the same starting price for six consecutive generations of iPhone Pro models. (Representative photo)

Photo Credit: Apple

How long it can continue doing so without affecting profits is unclear yet. (Representative photo)

Photo Credit: Apple

However, it is still unclear whether Apple will hike the prices of the standard iPhone 15 and iPhone 15 Plus. (Representative photo)

Photo Credit: Apple

iPhone 14 and iPhone 14 Plus prices start at $799 and $899, respectively. (Representative photo)