With the iPhone 16 series official launch, it’s likely that the price of older models, such as the iPhone 11, may decrease. This is a common strategy used by Apple to clear inventory and make room for newer products.
Why buying the iPhone 16 is a challenge for most FIlipinos?
While the iPhone 16 was a highly anticipated release, the pricing may pose a challenge for many Filipinos due to several factors:
- Depreciating Peso: The Philippine peso’s decline against the US dollar has led to increased prices for imported goods like the iPhone.
- Rising Cost of Living: Inflation and rising expenses for essential goods and services have limited Filipinos’ disposable income.
- Alternative Options: The Philippines offers a range of affordable smartphone options, making the iPhone a luxury rather than a necessity for many.
While some Filipinos may be able to afford the iPhone 16, it’s likely to remain out of reach for the majority of the population. This disparity can lead to feelings of exclusion and may limit access to innovation and economic opportunities.
