A few weeks ago, Apple released the iPhone 11 with a price tag that was more cheaper when compared to the previous flagship models. Such as the iPhone XR.
For the info, the price of the iPhone 11 is priced around 699 US dollars cheaper than the iPhone XR, which sold 749 US dollars at the beginning of its show in October last year.
Some people might not respond to this price difference as a problem to buy the new iPhone products.
But interestingly, some others consider the launch of the iPhone 11 as the right moment to buy the previous iPhone model.
Based on these guess, iPrice Group hold a study on the price of the iPhone, especially for models that were launched earlier. Such as the iPhone 7, 8, X and XS.
The aim of this study is to find a pattern of the falling iPhone prices since it was first released, 6 months after release and 12 months since release.
This data found unique and interesting facts about the decline in iPhone prices since its first release.
To get an iPhone that is almost half the original price, consumers have to wait 3 years since the first release of it.
This decline is supported by data that the iPhone 7 has decreased 55% since it was first released in September 2016. Besides, the iPhone prices will decline 6 months after release with an average price decline of around 5%.
While 12 months after the launch of a new product, the average iPhone price fell around 16% from the initial price of release.
iPhone X is the Apple phone with the most significant decline. In the first 6 months since its launch, the price decreased to 11%, and after 12 months the decline reached 27%.
This happened because Apple stopped production of the iPhone X after a year of release and they focused on producing the iPhone XS.
If you see a trend of falling prices, there is a possibility the iPhone 11 will be “more” affordable after 6 months of release. Even after 3 years, the projected decline will be 55% of the original price when it was released.