In Singapore, Apple's iPhones witnessed an average of 8.19% drop in pricing 12 months after it's launched.

Published 2019-09-20 13:43:12

Snaking long queues have formed outside Apple’s Orchard Road flagship store since Thursday night in anticipation of the new line of iPhones.

The newly-released iPhone 11, iPhone 11 Pro and iPhone Pro Max finally made its sales debut in Singapore today (Sept 20), with prices starting at $1,149, $1,649 and $1,799 respectively.

If you’re planning to get your hands on these new devices but are deterred by the hefty price tag, meta-search platform iPrice says you simply have to hold out a little longer.

Based on their proprietary data on pricing of Apple’s previous smartphones, you should wait at least six to 12 months from the release date to see a price reduction.

In Singapore, Apple’s iPhones witnessed an average of 8.19% drop in pricing 12 months after it’s launched.

Pricing for the iPhone X for instance, dropped almost 10% ($189) to $1,761 one year after the phone was released.

iPrice predicts that you could save as much as $114 for this new line of smartphones if you wait till 365 days later.

It’s not an exorbitant amount, but a penny saved is a penny earned.

So if you don’t really care about being an early adopter, wait it out and you might just save yourself some money.

Featured Image Credit: CNet

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