If you were to buy an iPhone outright – paying the full cost upfront – the average price of an iPhone is $758. Over a 24 month contract period, on average you would be paying $2,736 for the cell phone and the airtime plan. Each September, the latest range of iPhones are unveiled and released.
We estimate that the price of an iPhone rises by $81 with each new flagship. If the cost of a new phone keeps rising steadily like this, in 60 years’ time we’ll be paying around $6,309 for the latest iPhone.
With the $1,000 barrier now well and truly broken, this may not be a huge surprise.
However, these seemingly small increases soon add up. If you were to buy a new iPhone every year, you would end up paying a total of $103,000 in your lifetime.
Here’s how much the latest iPhone will cost over the next six decades, if the price continues rising in the same way:
