Apple event: Could higher iPhone prices be on the way?

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Apple event: Could higher iPhone prices be on the way?
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Apple (AAPL) is holding an even on Tuesday. The tech giant is widely expected to unveil the iPhone 15 and Apple Watch series 9. But could higher prices also be in store? CFRA Research Senior Equity Analyst Angelo Zino says it makes sense for Apple to raise prices, even if it means selling fewer phones. Zine notes that replacement cycles have been extending and that 'Apple hasn't been a unit-driven story, even though they have taken some share here over the years,' Zino says, adding that it has been more about Apple's ability to 'sell that brand and increase prices steadily over time.' 'We think it's finally time for them to increase the price by $100 on the Pro side of things,' Zino says.  In the premiere episode of NEXT, Yahoo Finance gets an inside look at how Samsung is taking on Apple. For more about how Samsung’s foldables are coming for Apple’s iPhones click here. For more on our NEXT Series, click here, and tune in to Yahoo Finance every Monday at 10 a.m. ET.

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Nvidia CEO Jensen Huang this week met Prime Minister Narendra Modi to discuss India's potential in the AI sector, just ahead of the G20 meet in New Delhi where delegates including U.S. President Joe Biden are attending.SHANGHAI/TAIPEI -China's widening curbs on iPhone use by government staff intensified a sell-off in global tech stocks on Friday on fears Apple and its suppliers could take a hit from rising Sino-U.S. tensions and growing competition from Huawei. Apple shares tumbled 6.

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