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And consumers are most likely to feel the sting.
Looking ahead, theiPhone 17 serieswould likely see price hikes as well.
The iPhone 17 Pro Max, rumored to start at $1,199, could balloon to over $1,700.
And for the option with 1TB of storage, that price could jump to $2,300.
Another respected technology analyst suggests that could even be a conservative estimate.
However, not everyone believes the situation is quite so dire.
But a sharp price hike would seriously dampen demand for Apple’s smartphones.
