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How Much Will the iPhone 16 Cost? Is a Price Hike Coming?

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Big screen, bigger price—what's the iPhone 16 really going to cost you?
Apple is ready to shake up the iPhones pricing, and your wallet might not like it.
Price hikes, storage changes, and carrier deals—here’s what’s brewing for the iPhone 16.
The iPhone 16 Pro could cost more—thanks, inflation (and no 128GB option).

Apple's upcoming iPhone 16 series is generating quite a buzz, with its anticipated release date approaching rapidly. Among the various questions swirling around, one of the most pressing is: How much will the iPhone 16 cost?

A concept image of the upcoming iPhone 16 Pro series, expected to debut in a new gorgeous color.

iPhone 16 Models and Pricing

The iPhone 16 lineup is set to include four distinct models: the standard iPhone 16, the iPhone 16 Pro, the iPhone 16 Plus, and the iPhone 16 Pro Max. Apple enthusiasts can expect the pricing structure to largely mirror that of previous models, with only the Pro variant potentially seeing a price hike.

Why the Price Hike?

The possible $100 increase for the iPhone 16 Pro might be attributed to a combination of rising component costs and Apple's decision to eliminate the 128GB storage option, leaving the 256GB variant as the entry-level model. This move echoes recent pricing trends in the smartphone market, with competitors like Samsung and Google also raising their prices earlier this year.

Photo via Tom's Guide // A "leaked" image of what appears to be unreleased iPhone 16 models.

What Are the Rumored Prices?

While exact figures are yet to be confirmed, here’s a rundown of what you might expect:

iPhone 16: Expected to remain around $799.
iPhone 16 Plus: Likely to start at $899.
iPhone 16 Pro: Potential increase to around $1,099.
iPhone 16 Pro Max: Could see pricing start at $1,199 or higher.

Deals and Offers

For those eyeing the iPhone 16, deals from carriers such as Verizon, AT&T, and T-Mobile are anticipated to resemble those of last year’s iPhone 15. Expect trade-in offers, payment plans, and potential discounts that might ease the blow on your wallet.

Verizon: In 2023, Verizon offered the iPhone 15 Pro at $0 upfront with a qualifying plan and trade-in. Expect similar deals for the iPhone 16.
T-Mobile: Previously, customers could get up to $650 off with a Magenta MAX plan. Look out for comparable offers this time around.
AT&T: Known for offering the iPhone 15 Pro for free with eligible plans, AT&T might continue this trend with the iPhone 16.

Photo via MobileSyrup // Will you be upgrading to the iPhone 16 this year, or will you wait for next years iPhone 17? Let us know down in the comments.

A Closer Look at Features

The iPhone 16 is expected to be packed with new features that might justify its price tag. Here’s a quick overview:

Design and Display

Pro Models: Expect larger displays with thinner bezels—6.3 inches for the iPhone 16 Pro and 6.9 inches for the Pro Max.
Capture Button: All models will introduce a new "Capture Button," allowing users to snap photos or videos with just a quick tap.

Camera Upgrades

Pro Models: The Pro variants will feature a new 48MP ultra-wide camera and the 5X telephoto camera that first appeared in the iPhone 15 Pro Max.
Standard Models: The iPhone 16 and iPhone 16 Plus will adopt a vertical camera layout, marking a return to a design not seen since the iPhone 12. This change is intended to enable spatial video capture, perfect for the Apple Vision Pro headset.

Performance

Chips: The standard iPhone 16 models will run on the A18 Bionic chip, while the Pro variants will get the more powerful A18 Pro, both built on a 3nm process.

Final Thoughts

The iPhone 16 is shaping up to be an exciting release, packed with new features that push the boundaries of smartphone technology. While the potential price increase on the Pro model might give some pause, the upgrades, particularly in camera and display technology, could make it worth the investment.

For those looking to upgrade, keep an eye out for deals from carriers and Apple’s iPhone Upgrade Program, which can make owning the latest iPhone more accessible.

So, will the iPhone 16 be your next purchase? As always, the decision comes down to personal preference and, of course, your budget. But one thing is certain—Apple's latest lineup is sure to turn heads.

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Published to Apple Scoop on 31st August, 2024.

Carlos Collins

Creative Director / Content Curator

Carlos is Apple Scoop’s Creative Director and Content Curator, specializing in visuals, HD wallpapers, and fun facts about Apple. With 6 years of experience in design and content curation, Carlos ensures every piece of content is visually engaging and aligns with the brand’s aesthetic. He also oversees the creation of trivia and engaging listicles that keep readers coming back for more.

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