While you are eagerly awaiting the release of iPhone 12, we have got some bad news for you. According to a tipster on the Chinese micro-blogging website Weibo, the upcoming iPhone will be much more expensive than the iPhone 11.
The new iPhone will most likely cost $749, which is a little more than its earlier rumored price of $699. As per the tipster, the increase in price is due to 5G support in the iPhone 12 that has surged the bill of materials (BOM) . Furthermore, the tipster also claims that Apple might fall short of its target of 80 million iPhone 12 shipments this year.
Earlier, it was expected that iPhone 12 will cost less as compared to iPhone 11 because reports suggest that the new iPhone will come without a charger. Apple launched the Apple Watch Series 6 and Apple Watch SE without a charger.