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Story summary
- Apple announced a $1,999 foldable iPhone.
- Apple increased iPhone 17, iPhone Air, and iPhone 17e prices by $100 each.
- Apple attributed the hikes to “techflation” from the AI boom as chip makers shift to data-center chips.
- The upcoming iPhone 18 Pro will cost $100 more than last year’s model.
- Personal-finance expert Ramit Sethi says phone ownership costs are comparable to cars.