iPhone prices rise after US interest rate hike

by time news

Published Saturday 07 May 2022 | 07:23

The global price of iPhones depends mainly on the US dollar, so with the new economic changes Apple will have to raise the prices of iPhone 14 phones globally.

Despite the outstanding financial performance of Apple in the first quarter of 2022, the American company is facing some difficulties during the second fiscal quarter, as it is expected to continue for the period of this year.

It is expected that Apple’s revenue will decrease during the current fiscal quarter by about 4 to 8 billion dollars, due to several different factors, including the partial closure imposed by the Chinese government on some cities to limit the spread of the Corona virus again, noting that most of Apple’s offers and products are located In China.

iPhone 14

There is a new challenge facing Apple, which is the expected rise in the exchange rate of the US dollar against local currencies, and for this also its economic reasons represented in raising interest rates within the US market and the demand of investors to buy the United States.

This expected rise in iPhone prices globally will have negative effects on the demand for iPhone and other Apple products, with increasing fears of a global recession that may extend its effects to the long term.

iPhone 14

In addition to other important factors such as the loss of the Russian market as a result of US economic sanctions on Russia, the global supply chain crisis, and many other things.

iPhone 14 Max price and specifications

Leaks revealed the price and specifications of the iPhone 14 Max phone, which will be released in the upcoming iPhone 14 series in September, as the phone will be a qualitative leap in the next series, as it will be an alternative to the small mini phone, which has not achieved satisfactory sales for Apple during the past two years.

According to Notebookcheck, the iPhone 14 Max will get a larger size than the cheaper iPhone 14 in the series, and it will also be cheaper and less capable than the iPhone 14 Pro models.

iPhone 14

The iPhone 14 Max will come with a 6.7-inch OLED screen, 1,284 x 2,778 resolution with a 90Hz refresh rate per second, a smaller notch with Face ID, a 48-megapixel primary camera, and a 12-megapixel front camera.

The iPhone 14 Max will work with the latest A16 Bionic processor for iPhone phones, with 6 GB of RAM of LPDDR4X type, 128 GB and 256 GB of internal storage, and the phone will also get a significant battery upgrade.

The iPhone 14 Max will reach a price of about $1,000 after raising the interest rate, which is equivalent to about 18,500 Egyptian pounds, for the smallest version.

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