Apple is said to release 5G-enabled iPhones in 2020. Rumours also claim that due to the 5G chip,  Apple may increase the price of its already-expensive iPhone 12. A new report by a reliable analyst states that the iPhone 12’s price may only be hiked by $50 (roughly Rs 3,500) in the US.

Ming-Chi Kuo, who has maintained an almost-accurate record on iPhone leaks, has revealed the price hike report in his latest investor note at TFI Securities. Kuo did not reveal the exact pricing, but claimed that it would not be more than $50 over the current iPhone’s pricing, said a report by Macrumors.

These new components could raise the production costs of iPhones between $30 and $100. Apple aims to offset the cost by reducing its supply chain expenses, which could also include dropping the non-recurring engineering payment to metal chassis and frame suppliers of the 5G iPhones. 

Apple is likely to bring the costs down by developing an in-house research and development team for researching, designing, developing, and testing a new product.

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