The upcoming iPhone 14 base model from tech giant Apple is rumored to cost $799, which is the same price as the iPhone 13.
The move is aimed at boosting sales of the model. The global smartphone market has experienced a tight squeeze and the tipster said Apple is adjusting to deal with reality, GizmoChina quoted a South Korean blog as saying.
The source of information is said to come from a major US financial institution.
The iPhone 14 lineup includes the iPhone 14, iPhone 14 Pro, iPhone 14 Max, and the 6.7-inch iPhone 14 Pro Max, which is the top pick.
According to media reports, the tech giant is likely to have discontinued the 5.4-inch iPhone mini this year.
While the Pro models are powered by the A16 Bionic chipset, the non-Pro models keep the A15 chip.
The iPhone 14 Pro and iPhone 14 Pro Max combine a circular punch cutout and a pill shaped cutout for their camera setup and Face ID functionality.
A recent report said that Samsung Display will apply different types of materials to the OLED panels it will produce for the upcoming iPhone 14 series, depending on the model tiers.
It will use its latest and most advanced material set for the higher-level iPhone 14 models, while it will use its earlier generation for the lower-end models. The move is done to save costs.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content was automatically generated from a syndicated feed.)