iPhone 11: Apple reportedly changed the price and it’s shocking; Possible release date revealed

iPhone 11 is Apple’s new offering and addition to its line of mobile phones. Although not many details about it are available, leaked info is rampant and they could possibly be accurate.

Speculations also run in the rumor mill since Apple is not confirming or updating their patrons about the iPhone 11. The latest news is that this unit is coming to the market with a new price range and it is shocking.

Price list of the latest Apple phones

According to AppleInsider, iPhone 11 could be sold at much lower prices compared to the existing Apple phones. This assumption was formed about a new report from JP Morgan disclosed that the American tech brand was able to cut the cost when they built the iPhone 11s.

It added that in comparison to the iPhone XS, the cost of building the upcoming device was 12 percent lower. It was specified that the materials used for the iPhone 11 were lessened by around $30 and $50 and this is a lot already. Thus, it could be out in the market at a more affordable price as well. The cheaper price is a shock since Apple phones are known to be one of the most expensive out there.

However, the publication warned that there is also the possibility that despite the reduced cost of materials to build the iPhone 11, the savings may be used to absorb the threat of 10 percent tariffs that were placed on Chinese electronics so the high prices of Apple products could remain.

Release date

iPhone 11 has no official release date yet but based on the recent speculations, it could be released soon since Apple may hold its iPhone events any time before the year ends. The company has not given out the invitations for an event but since Samsung is also releasing new units, Apple may follow suit.

Moreover, based on the releasing pattern of Apple, the launch date for iPhone 11 could take place on Sept. 10. CNET explained that for the past seven years, the tech company unveiled its latest mobile offerings in the same week as Labor Day, which in the U.S. falls on the first Monday of September. If not, the launch usually takes place the following week.