Wall Street analyst sees Apple raising iPhone 15 prices this year

and mentioned that he sees ASPs increasing. The alphabet soup stands for Average Selling Prices and with Ives expecting a rise, it means that he is forecasting a price hike for this September's new iPhone models although he didn't specifically mention U.S. prices.

When it comes to forecasting iPhone price hikes, Ives has a good track record. He correctly called forto raise iPhone 14 prices internationally which is what did happen. But in the states , prices were static. Some of the overseas adjustments were necessary because of currency fluctuations last year which resulted in a stronger dollar. When the dollar is strong, it means overseas sales convert into lower amounts of greenbacks which led Apple to raise iPhone prices in some countries.

Ives also is bullish about Apple's second-largest business segment, Services. When it comes to this business, he says that"Apple is playing chess, others are playing checkers." He sees Apple's valuation rising from the current $2.85 trillion to $3.5 trillion-$4 trillion in the next 18 to 24 months. Most analysts, notes, see Apple jacking up iPhone 15 prices-especially the premium Pro models-by as much as $200.

The iPhone 14 is priced at $799 and up and the iPhone 14 Plus will cost you $899 and more. The iPhone 14 Pro starts at $999 and the iPhone 14 Pro Max will run you $1,099 and up. Ives believes that there are 250 million iPhone units that have not been upgraded over the last four years which could produce a windfall for Apple should many of them replace their handsets this year.

The Wall Street analyst predicts that Apple will ship 235 million to 240 million units of the iPhone 15 this year. Even if Apple were to raise iPhone 15 prices by an average of $100, that would be an additional $23.5 billion in revenue for Apple.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Up your summer fitness with $200 off select Garmin smartwatchesThe Garmin sale will save you money on many wearables, including the Forerunner and Instinct series, plus other GPS-enables accessories.
Source: PopSci - 🏆 298. / 63 Read more »

Save over $200 on this refurbished Dell Optiplex desktop computer with Windows 11 ProBuilt for professionals and power users, this refurbished Dell Optiplex 5060 desktop computer allows for professional-grade multitasking.
Source: PopSci - 🏆 298. / 63 Read more »

Fox News opinion hosts go wall-to-wall in Trump's defenseFox News opinion hosts offered up, without hesitation, a full-throated, wall-to-wall defense of twice-indicted Trump
Source: BusinessInsider - 🏆 729. / 51 Read more »

Billy Crudup, Naomi Watts Spark Marriage Speculation With Wedding GearBilly Crudup and Naomi Watts are exuding serious marriage vibes!
Source: etnow - 🏆 696. / 51 Read more »

Naomi Watts Confirms Marriage to Billy Crudup: 'Hitched!'The duo has been romantically linked since early 2017.
Source: etnow - 🏆 696. / 51 Read more »

Dyson Flash Sale: Save $200 on the TP7A Air Purifier & Fan During This Limited-Time Deal - E! OnlineIf you've been dealing with irritating symptoms due to poor air quality these days, you need to shop this amazing Dyson deal.
Source: enews - 🏆 466. / 52 Read more »