It is reported that the production cost of the new iPhone 14 models is 20% more than the iPhone 13. For example, the top-of-the-line iPhone 14 Pro Max costs $501 to manufacture. That’s higher than the iPhone 13 Pro Max’s $461 production price.

According to the report, the main reason for this price increase is the new A16 Bionic chipset, which costs $110. That’s 2.4 times more expensive than last year’s A15 chip. In addition, the addition of Sony’s new CMOS sensors also affects the price.

Source: Ferra

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