Ross Gerber, co-founder, president and CEO of Gerber Kawasaki Wealth & Funding Administration and one in every of Tesla’s most outstanding particular person traders is now telling shoppers that if they’re out there for a brand new iPhone, then they could need to transfer earlier than Apple’s next-generation lineup arrives. In a publish shared on X (previously often called Twitter) Gerber mentioned that Apple’s iPhone 17 gross sales stay sturdy regardless of rising {hardware} costs. “Within the Apple Retailer, they instructed me gross sales are pretty much as good as ever even with larger costs,” Gerber posted on X.
What Tesla’s largest investor Ross Gerber mentioned
In a publish on X over the weekend, Gerber mentioned iPhone gross sales stay robust regardless of rising costs throughout Apple’s broader {hardware} lineup, noting that workers at an Apple Retailer instructed him gross sales had been pretty much as good as ever even with larger pricing elsewhere within the product vary. He identified that Apple has held the iPhone 17’s value regular to date, and instructed that anybody contemplating a brand new iPhone 17 may need to purchase now fairly than wait.The iPhone 17 at present begins at $799 for the 256GB mannequin within the U.S., with the iPhone 17 Professional beginning at $1,099 and the iPhone 17 Professional Max at $1,199.“Within the Apple Retailer, they instructed me gross sales are pretty much as good as ever even with larger costs. The present iPhone 17 value has not gone up however it can in September with the brand new fashions… so present iPhone gross sales are fairly good. If you happen to’re searching for a brand new iPhone 17… now is an efficient time. $AAPL,” wrote Gerber.
Apple iPhone 18 may face larger prices
Trade analysts warn that the upcoming iPhone 18 might carry larger prices on account of hovering reminiscence costs. TrendForce estimates the invoice of supplies for the 256GB iPhone 18 Professional may rise by 38% in contrast with the iPhone 17 Professional. Gene Munster of Deepwater Asset Administration has predicted Apple may elevate costs by about $125, or 15%.
Apple’s pricing technique
Apple has already raised costs throughout a number of merchandise — together with MacBooks, iPads, HomePods, and Apple TV — whereas preserving iPhone pricing unchanged. The corporate has warned that surging DRAM and storage prices are pressuring margins. Regardless of this, iPhone income in Apple’s fiscal third quarter reached $54.25 billion, up from $44.58 billion a yr earlier, underscoring continued demand.
