Apple is raising the price of iPhone battery replacements | CNN Business
Apple is increasing the price of battery replacements for all out-of-warranty iPhone models prior to the current one The iPhone 14 line, the company confirmed on its website.
Starting March 1, Apple ( AAPL ) will charge $89 to replace the battery on iPhone X to iPhone 13 models, a $20 increase. of the current price of a new battery. Battery replacements for other models, such as the iPhone SE and iPhone 8, will jump from $49 to $69.
Apple is also raising the cost of replacing batteries for other products. Batteries for newer iPad models will cost $20 more, while a new MacBook Air battery will cost $30 more and MacBook Pro models will cost $50 more.
Apple devices usually have a one-year warranty. The changes only apply to customers who aren’t part of its AppleCare+ repair service program, which offers up to two or three years of coverage and the cost varies by product.
Apple first cut the price of iPhone battery replacements from $79 to $29 in 2018, after it was discovered that the company deliberately slowed down the performance of older iPhones to prevent sudden battery shutdowns . In response to the controversy, dubbed the battery, Apple also issued a rare apology and agreed to a $113 million settlement with dozens of states.
By raising prices now, Apple may be responding to an increase in the cost of products amid rising inflation and supply chain issues. By taking this step, Apple could also make it less attractive for customers to delay upgrading their devices or make them pay for the repair service program.
The news comes as Apple’s market capitalization fell below $2 trillion in trading on Tuesday for the first time since early 2021 and a year after the company became the first public technology company valued at 3 trillion dollars.
Like other tech companies, Apple has faced supply chain issues and concerns that recession fears could weigh on advertiser and consumer spending, even for pricier products like the iPhone .