WASHINGTON, Sept 16 (SEE)- Loup Ventures’ Analysts Gene Munster, Will Thompson said on Saturday that Apple will increase its average iPhone prices by 20% for the fiscal year 2019.
They observed that the average price of the iPhone is higher than the average sales price for the fiscal year 2018 at $ 745.
According to the analysts, the Apple iPhone is now available at a price of $ 449 to $ 1449, 20% higher than last year’s average of $ 636.
The low-priced Apple iPhone XR is expected to receive 38 percent of iPhone sales. The iPhone XS Plus, which is the most expensive and the iPhone XS will receive 12 percent and 9 percent of sales.
“iPhone will capture 59% of the total sales in the fiscal year 2019,” they added.
Analysts have not changed their expectations for iPhone’s total sales for the fiscal year 2019, and they still expect Apple to sell 225 million units.
Apple continues to increase customer loyalty and create more revenues by refining and improving their new products.