Apple’s newest flagship, the iPhone 17, has turn out to be almost 50% cheaper when priced in Bitcoin or Ethereum in comparison with final yr’s mannequin, in line with a brand new report from CoinGecko.
CoinGecko information reveals the iPhone 17 now prices simply 0.0072 BTC, in contrast with 0.014 BTC for the iPhone 16.
The value of Bitcoin nearly doubled at the moment, climbing from $57,049 throughout final yr’s launch to $111,033 throughout this launch cycle. That surge, not a value reduce from Apple, explains the drop in crypto phrases.
Notably, the development extends throughout Apple’s lineup. The brand new iPhone Air prices 0.0090 BTC, whereas the iPhone 17 Professional and Professional Max require 0.0099 BTC and 0.0108 BTC, respectively.
Apparently, Ethereum tells an identical story.
iPhone patrons want solely 0.1866 ETH for an iPhone 17, down from 0.3386 ETH for the iPhone 16. ETH’s value has jumped from $2,359.57 to $4,282.40 up to now yr, a achieve of greater than 80%.
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In the meantime, this isn’t the primary time crypto good points have reshaped iPhone affordability.
When Apple launched the iPhone 4S at $649 in 2011, the equal value in Bitcoin was greater than 162 BTC, which was then buying and selling round $4 every.
In the present day, regardless of the next $799 price ticket, the iPhone 17 requires lower than 0.008 BTC. That’s a 99.9% discount in Bitcoin wanted to purchase a flagship iPhone over 14 years.
Ethereum’s trajectory is simply as dramatic. In 2015, an iPhone priced at $649 translated to roughly 876 ETH. Ten years later, the brand new iPhone will be purchased for lower than a fifth of a single ETH.
