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i-Worry! iPhone 14 Pro Max cost is MORE than iPhone 13 Pro Max

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This year, the latest Apple iPhones have created a big problem for Apple- their production cost has skyrocketted to an all-time.

The latest report by Nikkei Asia has revealed that the component prices for the latest iPhone 14 lineup soared 20 percent. The report further specified that the cost of the iPhone 14 Pro Max is $501, which is a massive jump from the previous iPhone 13 Pro Max $461 production cost.

One of the primary reasons is the new A16 Bionic chipset which costs $100 all alone. Generally, since 2018, the top-end Pro Max models of the iPhone had a range between $400 and $450, Nikkei report has mentioned.‘'The company has not raised prices for its latest model in the US and some other markets, but higher production costs mean that the company's profit margin has likely shrunk,'' the report suggested.

It says that the newly arrived A16 Bionic chipset, which exclusively is available to the Pro models of the iPhone 14 series, costs 2.4 times more than its predecessor A15 Bionic chipset.

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