Apple has confirmed on its website that it will increase the prices for out-of-warranty battery replacements for all iPhone models, including the current iPhone 14 lineup.
Starting March 1, Apple (AAPL) will charge $89 for battery replacements for iPhone X through iPhone 13 models, a $20 increase from the current cost. Battery replacement prices for other models, such as the iPhone SE and iPhone 8, will rise from $49 to $69.
Apple is also increasing the cost of battery replacements for other products. Batteries for newer iPad models will see a $20 price hike, while the price for a new MacBook Air battery will increase by $30, and for MacBook Pro models, by $50.
Apple devices typically come with a one-year warranty. The price changes apply only to customers who are not enrolled in the AppleCare+ program, which provides extended coverage for up to two or three years, with costs varying depending on the product.
The increase in Apple’s battery replacement prices is likely tied to rising production costs amid growing inflation and supply chain challenges.
This news comes after Apple’s market capitalization fell below $2 trillion during trading, the first time since early 2021, a year after the company became the first publicly traded tech company to reach a $3 trillion valuation.
Like other tech companies, Apple has faced supply chain disruptions and concerns that economic recessions could impact advertising and consumer spending, particularly on high-end products like the iPhone.