Flagship Apple iPhone price may be over Rs 4 lakh by 2032: Report

According to Mozillion, which is a smartphone marketplace, by 2032, the smartphone market will have flagship iPhones that would cost over Rs 4.7 lakh. This is a pretty huge deal for a price-sensitive market like India.

iPhones over Rs 4 lakh by 2032

This doesn’t come as surprise considering Apple was the first to breach the $1000 mark with the iPhone X back in 2017. Soon after the launch, Samsung and Sony followed the Cupertino giant. We can only assume the same might happen in the near future as well. Mozillion’s analysis analyses the prices of smartphones over the last 10 years and made a prediction for the next 10 years.

According to Mozillion, the price of the iPhone increased from $199 (then Rs 45,500) in 2012 (iPhone 5) to $1,099 (Rs 1,29,900 for iPhone 13 Pro Max) in 2021. This is a whopping 452 percent price hike. The report says that if the trend continues over the next 10 years, the 2032 flagship iPhone will cost $6,069 (Rs 4.7 lakh at current rate). After Apple, Motorola and Huawei flagships are next on the list of phones that have seen the biggest price hike in the last 10 years. High-end phones from Huawei could be priced above $3,300 (Rs 2.57 lakh at current rate) in 2032.

After the US Ban on Huawei, it is struggling to find components hence there is a shortage of its devices in the market, which has led to a price hike. Similarly, the price of high-end Motorola phones has risen from $299.99 (then Rs 16,000 approximately) in 2012 to $999.99 (approximately Rs 78,000) in 2022, thereby making them 233 percent more expensive. If this premium is sustained, the Motorola phones could cost more than $3,333 (around Rs 2.8 lakh at current rate) by 2032.

Samsung comes in the fourth spot with an increase of approximately 184 percent for its high-end flagships. The premium Nokia phones have seen the least price hike in the last decade, just 55 percent. OnePlus phones might cost as much as $2,342 (around Rs 1.8 lakh at current rate) after a 142 percent increase by 2032.

While these are shocking numbers to believe, the report should not be taken as a definitive forecast. There could be slight differences (above or below) considering everything from fuel, food and other supplies are seeing a price hike in recent times.