Apple shares closed higher in the US Friday, ahead of reports the future cost of an iPhone could rise in the wake of new 5G licensing charges revealed by Nokia, Qualcomm and Ericsson. That news comes after separate reports suggest the cost of the 2018 round of iPhones, is expected to be lower than the $999 price tag for the first-generation iPhone X.
Apple shares ended the US Friday trading session 0.31% in the green at $216.16. The stock has been steady-to-a-little higher in recent weeks.
Apple’s iPhone price to rise?
With attention on the 2018 iPhone cycle, there has been much focus on the potentially lower prices that are expected to be charged or this year’s new iPhones. Indeed, some reports are pointing at a budget iPhone X, starting at the price of $800.
However, looking to the 5G upgrades that will be incorporated into tablets and mobile signals, it’s likely that the future cost of an iPhone will need to rise in order to take that additional cost into consideration. All while still returning an acceptable profit to Apple.
And, while the three aforementioned tech firms have already revealed their 5G pricing plans, other smaller 5G tech manufacturers could still charge higher prices than those already announced.
1970s Apple PC up for auction
Separately, a working Apple computer built in the 1970’s is coming up for auction, where it could achieve up to $300,000. It originally sold for $666 when it went on sale in the 1970s.
The Apple 1 computer is one of only around 60 thought to still be in existence from the original 200 that were built by Steve Jobs and Steve Wozniak in 1976 and 1977.
The computer will be sold with its original keyboard after being restored by Apple expert, Gary Cohen. It will be part of an auction in Boston, in September.