To upgrade or not: How a $1,000 iPhone could cost you $17,000 in savings

Buying a $1,000 iPhone can be equivalent to giving up $17,000 in retirement savings or 2,500 cups of coffee

Though the next iPhone could have the hardware needed for satellite communications, the features are unlikely to be ready before next year. (Photo: Bloomberg)

Let’s talk about buying an iPhone for $1,000. Tim Cook, Apple’s chief executive, once compared this eye-popping price tag to buying a cup of coffee a day over a year.

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First Published: Oct 21 2021 | 9:44 AM IST

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