New iPhone 17 nearly 50% cheaper in Bitcoin and Ethereum after price surge

Apple’s newest flagship, the iPhone 17, has develop into nearly 50% cheaper when priced in Bitcoin or Ethereum in comparison with final 12 months’s mannequin, based on a brand new report from CoinGecko.

CoinGecko information exhibits the iPhone 17 now prices simply 0.0072 BTC, in contrast with 0.014 BTC for the iPhone 16.

The price of Bitcoin almost doubled at the moment, climbing from $57,049 throughout final 12 months’s launch to $111,033 throughout this launch cycle. That surge, not a price lower from Apple, explains the drop in crypto phrases.

Notably, the development extends throughout Apple’s lineup. The new iPhone Air prices 0.0090 BTC, whereas the iPhone 17 Pro and Pro Max require 0.0099 BTC and 0.0108 BTC, respectively.

Interestingly, Ethereum tells the same story.

iPhone patrons want solely 0.1866 ETH for an iPhone 17, down from 0.3386 ETH for the iPhone 16. ETH’s price has jumped from $2,359.57 to $4,282.40 in the previous 12 months, a gain of more than 80%.

Meanwhile, this isn’t the primary time crypto positive factors 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.

Today, regardless of the next $799 price tag, 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.

(*17*)Apple’s iPhone Price in Bitcoin and Ethereum Since 2011 (Source: CoinGecko)

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.

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