Apple hikes iPhone prices amid telco efforts
Reports indicate that American telecom companies have strengthened their promotional offers on iPhones to offset the price hikes announced by Apple this year. They increased the maximum trade-in value to $1,200, up from $1,100 previously and $1,000 two years ago, which boosts demand for the new lineup. Financing programs and 36-month installment plans linked to telecom services help reduce the cost of purchasing devices and encourage upgrades, especially among iPhone 14 users and newer models. Although these offers do not cover the full cost of the phone, they contribute to driving demand by motivating customers to upgrade, and also benefit telecom companies through extended service subscriptions.
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