The iPhone 15 Ultra could be every bit as expensive as we feared

Apple iPhone 14 Pro Max full back
An iPhone 14 Pro Max (Image credit: Future / Lance Ulanoff)

Any iPhone with Ultra in the name was always going to be expensive, and so it comes as no surprise to hear that the rumored iPhone 15 Ultra might cost even more than the iPhone 14 Pro Max.

That’s according to LeaksApplePro – a leaker with a mixed track record – who, writing for HowToiSolve, claimed the iPhone 15 Ultra might start at up to $1,299. Prices for other regions weren’t provided, but Apple currently sells the 512GB iPhone 14 Pro for that price, and it elsewhere costs £1,429 / AU$2,249, so those prices would likely apply here too.

For comparison, the iPhone 14 Pro Max starts at $1,099 / £1,199 / AU$1,899, so this would mean a starting price increase of $200 / £230 / AU$350.

It might not be quite that bad, though, with a starting price as low as $1,199 (likely translating to £1,309 / AU$2,099) mentioned as the most optimistic possibility, but even that is significantly more than the price the iPhone 14 Pro Max starts at.

So how would Apple justify this price hike? Part of the reason is simply inflation, according to LeaksApplePro, but on top of that this phone could have a number of upgrades not seen in the rest of the iPhone 15 line, including a titanium frame, a dual-lens selfie camera, and a starting storage capacity of 256GB.

All of this will reportedly lead to production costs that would be around $90 higher than those for the iPhone 14 Pro Max.

Oddly, the source also claims that the iPhone 15 Ultra might only be offered in one color – the same silver shade as the Apple Watch Ultra. They claim that there might be other shades too, but so far they've not seen any evidence of those.

We’d add the usual caveat to all of this – that leaks should be taken with a pinch of salt, especially this far out from the iPhone 15's likely September 2023 release date, but we’d frankly be surprised if something called the iPhone 15 Ultra didn’t cost more than any current models.


Apple iPhone 14 Pro Max angle with screen on

The Ultra might not cost more than a comparable iPhone 14 Pro Max (Image credit: Future / Lance Ulanoff)

Analysis: not as much of a price rise as it might sound

While the iPhone 15 Ultra sounds very expensive here, one detail that’s worth noting is that it will apparently come with upwards of 256GB of storage, which is double the 128GB starting capacity of the iPhone 14 Pro Max.

Go for a 256GB iPhone 14 Pro Max and the price rises to $1,199 / £1,309 / AU$2,099, which is the same price as the lowest iPhone 15 Ultra estimate here, and $100 / £120 / AU$150 less than the highest estimate.

So, for comparable storage amounts, the iPhone 15 Ultra might not actually cost any more than the iPhone 14 Pro Max; and if it does then the increase might not be as great as it seems at first glance. Either way it’s likely to be one of the most expensive non-foldable phones of 2023.

TOPICS

James is a freelance phones, tablets and wearables writer and sub-editor at TechRadar. He has a love for everything ‘smart’, from watches to lights, and can often be found arguing with AI assistants or drowning in the latest apps. James also contributes to 3G.co.uk, 4G.co.uk and 5G.co.uk and has written for T3, Digital Camera World, Clarity Media and others, with work on the web, in print and on TV.

Read more
Apple iPhone 16 Pro Max REVIEW
We just got a hint that we might have to pay more for the iPhone 17
Apple iPhone 16 Pro Max REVIEW
iPhone 17 Pro Max: latest news, rumors, and everything we’ve heard so far
an image of the Samsung Galaxy S24 Ultra
If this Samsung Galaxy S25 Ultra rumor is true, there’s no way I’ll be able to recommend it
An image of the Samsung Galaxy S25 Ultra from a hands-on event
Samsung Galaxy S25 Ultra price: how much does the top S25 model cost?
Apple iPhone 16 Pro REVIEW
iPhone 17 Pro: latest rumors, tips and everything we’ve heard so far
iPhone 14 in hand
If the new iPhone SE 4 gets this rumored price hike, I'll struggle to recommend it
Latest in iPhone
Apple iPhone 16 Pro Max REVIEW
New iPhone 17 Air leak may have revealed some key specs – and how it compares to the iPhone 17 Pro Max
Apple iPhone 16 Review
Three iPhone 17 model dummy units appear in a hands-on video leak
Apple iPhone 16 Plus Review
iPhone 17 Air leaks suggest it'll get next-gen battery – and offset the 17 Pro Max's weight gains
Two hands holding the Tecno Spark Slim phone
The world’s thinnest phone was just revealed, but a new iPhone 17 Air leak suggests it could be even slimmer
Apple iPhone 16e on blue background
This week's best Apple iPhone 16e deals: where to get the latest iPhone for cheap
Apple iPhone 16 Pro REVIEW
Leaked iPhone 17 schematics show the Apple phones could be getting a speaker redesign
Latest in News
The Discovery+ homepage
Discovery+ just got a big update to its streaming app that makes it more like Max – here are 5 great new features to try
Two Android phones on a green and blue background showing Google Messages
Struggling with slow Google Messages photo transfers? Google says new update will make 'noticeable difference'
Google Meet create custom backgrounds
More AI features are coming to Google Workspace
Elayne, Egwene, and Nynaeve dressed regally and on horseback in The Wheel of Time season 3
'There's a reason why we do it': The Wheel of Time showrunner responds to fans who are still upset over the Prime Video show's plot alterations
A mockup of the possible Apple M3 Ultra logo
Performance isn't the only reason you should buy Apple's M3 Ultra Mac Studio - it's reportedly one of the most power-efficient processors too
Google Pixel 9
Android 16 could bring an improved Samsung DeX-style desktop mode to more phones