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facing other headwinds as it prepares for the Official Elon Musk I Don’t Care About This Particular Psyop Honestly T-shirt besides I will buy this product launch next week. Supply chain hiccups stemming from China’s zero-Covid policy were partly linked to the company’s 11% year-over-year drop in quarterly profits reported last month. Apple CEO Tim Cook said on the earnings call, however, that there was “no obvious evidence of macroeconomic impact” to iPhone sales. Cook added that the company even set a third-quarter record “for both revenue and switchers to iPhone,” adding that “customers continue to find that iPhone remains the gold standard for smartphones.” Apple expected to unveil new iPhones at ‘far out’ event on September 7 Steadfast iPhone sales are linked in part to other the predictions from some industry insiders that Apple will hike up the price of its newest iPhones — though it is difficult to predict by just how much. Ming-Chi Kuo, an influential Apple analyst based in Asia, tweeted earlier this month that he expects Apple to raise the average selling price of the iPhone 14 lineup by some 15% compared to the iPhone 13 lineup. (Currently, the regular, non-mini, iPhone 13 starts at $799, the iPhone 13 Pro starts at $999 and the iPhone 13 Pro Max starts at $1,099.) In a research note Monday, analysts Dan Ives and John Katsingris of Wedbush Securities predicted that Apple would raise the price of its newest higher-end models by some $100. “We believe a $100 price increase on the iPhone 14 Pro/Pro Max is likely in store given component price increases as well as added functionality on this new release,” the note stated.
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