Incrementum-2025年iPhone与黄金的比率（英）

About Us 1 September 2023 Gold Ratio iPhone September 2025 Special The iPhone/Gold Ratio 2025 2 X | LinkedIn | #IGWT24 We would like to express our gratitude to our Premium Partners for supporting the In Gold We Trust report 2025 The iPhone/Gold Ratio 2025 3 X | LinkedIn | #IGWT24 Hello, again! – The iPhone/Gold Ratio 2025 The past 12 months have been more turbulent than Tim Cook, Apple’s CEO, would have liked. Donald Trump’s controversial and erratic tariff policy is having a major impact on Apple. Around 90% of all iPhones are manufactured outside the US, originally the majority of them in China . Surprisingly, however, the tariffs have not led to a price increase in US dollars. The price of the iPhone 17 Pro Max with 1 TB of storage is, quite surprisingly, the same as it was last year – USD 1,599. In 2021–2023, the respective Pro model with 1 TB of storage cost USD 1,499. While iPhone prices in US dollars remained unchanged this year, gold investors are enjoying falling prices for the third year in a row. With a purchase price of only 0.46 ounces of gold, the iPhone 17 Pro Max with 1 TB of storage is the cheapest iPhone ever. In 2022, 0.87 ounces of gold still had to be paid, in 2023 0.78 ounces, and in 2024 0.64 ounces. This makes the iPhone 17 Pro more than 25% cheaper than the iPhone 16, 41% cheaper than iPhone 15, and almost 50% cheaper than iPhone 14. The iPhone XS – by far the most expensive iPhone in gold – cost a whopping 1.13 ounces of gold in 2018. Since then, the price dropped almost 60%. The reason for this price decline is obvious. Gold on a US dollar basis rose 37.8% compared to 2024 and 80.2% compared to 2023, both as of the end of August. Compared to 2018, the price of gold has nearly tripled. The comparison with the very first iPhone from 2007 is also noteworthy. It cost 0.92 ounces, exactly twice as much as the iPhone 17 Pro Max. On a US dollar basis, however, based on an sales price of USD 599 for the first iPhone in 2007, the price increase amounts to 167% over the entire iPhone era, or an average of 5.6% per "Hello again," I just say, "hello again." Howard Carpendale The iPhone/Gold Ratio 2025 4 X | LinkedIn | #IGWT24 year. For comparison: During the same period, the price of gold rose by an average of 9.7% per year, which corresponds to an increase of 431% in 18 years. As a result, the price of the iPhone in gold has fallen by an average of 3.6% per year, or 50% overall. However, for this reduction in gold, buyers have received more iPhone year after year. The current iPhone 17 Pro has only its name in common with the original iPhone. The performance of the iPhone 17 is completely different from that of the first iPhone generation. The performance improvements over the past 18 years have indeed been tremendous. 2007 2012 2017 2022 2025 iPhone iPhone 5 iPhone X iPhone 14 Pro iPhone 17 Pro Geekbench metal score 100–150 (estimate) ~1,300 ~12,000 ~19,000 ~46,000 RAM 128 MB 512 MB 4 GB 6 G