A Decade Deep: The Cost Of An iPhone Over The Years, Measured In BTC & ETH

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

Lets take a look at the CoinGecko report and it’s key insights.

iPhone Prices Dwindles As Decades Go On… When Measured In BTC & ETH

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

The retail price of the 4S was $649.00, and with today’s 14 at $799.00, that represents an increase of roughly 25% over the past decade, with no inflation adjustment. 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 evolved with the price of Bitcoin below:

In 13 models released over the past 11 years, just 3 models saw their Bitcoin equivalent increase from the following year. Similar sentiments exist when comparing the price against Ether, as well, since it’s genesis in 2015. In just three occasions in the last nine iPhone releases was a phone more expensive in ETH than the model prior:

Callouts From The CoinGecko Report

The price slide in the market this year: BTC saw highs at nearly $70K earlier this year before tumbling back to earth. This led to the largest % increase from one model to the next, resulting in 13 models priced at 0.0178 BTC last year turning into 14 models priced at over 2X that, at 0.0424 BTC. Bitcoin, of course, is the primary market mover across altcoins too, so a similar sentiment can be expressed with ETH, which saw a respective increase of 0.2 ETH last year to 0.5 ETH this year.
A sound investment? Relatively speaking: Since the release of the iPhone 4S just over a decade ago, BTC and ETH have experienced nearly 500,000% and 250,000% percent gains, respectively. Compare that to iPhones 23% increase. This is to be taken with a grain of salt – it’s almost apples and oranges – but worth consideration when we think about the growth and respect that 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.

Related Posts

Binance Has Launched ETHW Mining Pool: Here’s What You Should Know

Binance has announced a new mining pool for ETHW as part of its support for the network. Analysts view the creation of the mining pool as a strong…

Decentralized Data Storage Networks: Top 7 Alternatives To Consider In 2022

Blockchain technology is already changing how things work around the world, with applications such as smart contracts, decentralized finance (DeFi), and blockchain-powered social networks gaining traction by…

‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels

It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy….

These Crypto Executives Have Stepped Down Since the Market Crash in May

Change is in the air as the crypto space continues to see top executives step down from their roles amid the market crisis that stemmed from the…

Bitcoin Price Analysis: Sideways Action Continues, Breakout Could Lead Huge Move

Bitcoin has yet to make a decisive move in any direction as the primary cryptocurrency continues to wrestle with the $18K support level. A bearish breakout below…

Aequinox Token Sale Session Now Available on P2PB2B Exchange

On the P2PB2B exchange, the Aequinox token sale session has already begun. Until October 8, you can purchase the tokens and sign up for the project’s community….

Generated by Feedzy