Apple CEO Tim Cook confirms iPhone price hike is coming: Here's how much your next iPhone could cost

Apple's current iPhones could get more expensive within weeks, not months. After CEO Tim Cook warned that price increases are "unavoidable," analysts and supply-chain watchers now expect Apple to raise prices on its existing iPhone 17 lineup as soon as this month—well before the iPhone 18 arrives in the fall. "We've been trying to shield our customers from the increases, but the situation has become unsustainable," Cook told The Wall Street Journal last week, in an unusually blunt admission from a company that rarely signals its pricing in advance.The cause is a global memory-chip shortage Apple can't absorb any longer. AI and data-center companies are buying up DRAM and NAND flash storage faster than suppliers like Samsung, SK Hynix and Micron can make it, and prices for both have quadrupled since last year. Cook called the swing unlike anything in his four decades in the business: "This is a hundred-year flood." Samsung, Microsoft, Sony and Dell have already raised their own prices, and Apple—which has guarded its margins fiercely for years—is expected to follow.

Why the iPhone could get a price hike within next few weeks

Cook declined to say which devices would rise or when, but Bloomberg's Mark Gurman believes the timing of his comments points to increases that are "imminent"—and explicitly "not a fall thing" tied to the iPhone 18 launch. Gurman links the move to Apple's annual Back to School sale, the June promotion offering students and teachers free accessories or gift cards with a Mac or iPad. It typically lands around WWDC—in three of the last five years, 8 to 10 days after the keynote—which could put it as early as this week, possibly bundled with the price rise to soften the blow.

Supply-chain leaker Ice Universe echoed the timing over the weekend.

What you'd pay now, and what's coming in the fall

Apple's lineup currently starts at $599 for the iPhone 17e, $799 for the iPhone 17, $999 for the iPhone Air, $1,099 for the iPhone 17 Pro and $1,199 for the iPhone 17 Pro Max—numbers that may not hold much longer. There's no official word yet on what this year's models will cost, but any increase is expected to stay under $100.The fall iPhone 18 Pro looks set to climb further still: to protect its margins, Apple would need to add about $270 to the next Pro, research firm TechInsights estimates, pushing it to roughly $1,299, while the WSJ's own analysis puts the ceiling at $1,399 once a pricier camera system is factored in. Macs and iPads could move first—Apple quietly raised the Mac Mini's starting price last month. The takeaway from the analysts is blunt: if you were planning to buy a current model, sooner may beat later.