A decade deep: The cost of an iPhone over the years, measured in BTC and ETH

The cost of an Apple iPhone over the years has only increased. But has the price of the iPhone over the past decade surpassed the price of BTC or ETH? Not even close, according to a new report from the folks at CoinGecko. The CoinGecko research team delved into price archives for BTC and ETH, looking back over more than a decade, and cross-referenced crypto prices with iPhone MSRPs.

Let’s take a look at the CoinGecko report and its key insights.

iPhone Prices Decline Over Decades…When Measured in BTC and ETH

On the heels of the iPhone 13 release and the announcement of the new iPhone 14, we learned that the standard iPhone 14 models will start at $799 and their pre-order window has just opened. A key insight from CoinGecko’s information is that the retail price of an iPhone over the past decade – since iPhone 4S where CoinGecko’s research window begins – has actually remained somewhat stable.

The retail price for the 4S was $649.00, and with today’s 14 at $799.00, that’s about a 25% increase over the past decade, unadjusted for inflation. . Peak iPhone prices can be seen in 2017 and 2018 with the X and XS, respectively, with both models priced at $999.00. Take a look at how these prices have moved along with the price of Bitcoin below:

Out of 13 models released in the last 11 years, only 3 models saw their Bitcoin equivalent increase over the following year. Similar sentiments exist when comparing the price with Ether, too, since its genesis in 2015. On just three occasions in the last nine iPhone releases, a phone was more expensive in ETH than the previous model:

CoinGecko Report Captions

There are a few additional key legends from the CoinGecko report:

  • The drop in prices on the market this year: BTC hit highs near $70,000 earlier this year before falling back to earth. This led to the largest percentage increase from pattern to pattern, resulting in 13 patterns priced at 0.0178 BTC last year turning into 14 patterns priced over 2X, at 0.0424 BTC. Bitcoin, of course, is also the main market driver for altcoins, so a similar sentiment can be expressed with ETH, which saw a respective increase from 0.2 ETH last year to 0.5 ETH this year.
  • A wise investment? Relatively speaking: Since the release of the iPhone 4S just over a decade ago, BTC and ETH have seen gains of almost 500,000% and 250,000% respectively. Compare that to the 23% increase in iPhones. This should be taken with a grain of salt – it’s almost apples and oranges – but worth considering when considering the growth and respect crypto assets have earned over the years.

Bitcoin (BTC) has seen all sorts of valuation relative to Apple's flagship phone. | Source: BTC-USD on TradingView.com
Featured image from Pixabay, Charts from TradingView.com

The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
This op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike.

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