LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories 
Bernstein Picks BYD and Xiaomi as Top China EV Stocks Despite Weaker Demand 
Paramount Skydance Clears Regulatory Hurdles for Warner Bros. Discovery Deal 
Trump Imposes New Tariffs on Drone Imports Over US Security Concerns 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes 
Sanrio Shares Plunge as Q1 Profit Miss Overshadows Strong Sales 
Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets 
SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears 
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
Tesla Roadster Reveal Could Feature SpaceX Thrusters in August 
Add as a preferred source on Google
Apple Inc. is raising the price of iPhone battery replacements and it will be up by $20. Starting March 1, the new price will be applied to battery replacements for all out-of-warranty iPhone models.
Apple confirmed the price increase this week and said it would start charging $89 for battery replacements for iPhone 13 and iPhone X models. This is $20 higher than the current price of a new battery. For iPhone 8 and iPhone SE, the new price would be $69 from the previous $49.
According to CNN Business, the Cupertino, California-headquartered tech giant is also set to raise battery replacement prices for its other devices. It was mentioned that batteries for the recent models of iPad would also see a $20 increase while batteries for MacBook Air have an additional $30.
The biggest price hike was applied to MacBook Pro models, and Apple upped its price by $50 more. It was noted that all Apple products come with one year warranty during purchase, so the changes in prices are only applicable to customers who did not sign-up for the company’s AppleCare+ repair service program.
The program covers costs based on the product type and model. Apple usually offers coverage for two to three years.
In any case, in its decision to raise prices, it was assumed that this could be the tech firm’s response to the rising inflation rates, the soaring cost of supplies, and other issues with the supply chain.
Through the changes in the battery replacement prices, Apple may also be getting another benefit as the higher rates could also push customers to just upgrade their iPhone units. They will not delay the upgrade since they may have to pay for the repair service program.
Owners of iPhone units that are not covered by warranty any longer may have to replace batteries at Apple stores soon thus, they may just choose to buy the newer models. Meanwhile, those who bought the latest iPhone 14 models are still under warranty, so if there is anything to fix, the company will repair it for free. However, once the warranty ends after a year, they will have to spend $99 for battery replacements if needed, CNBC reported.
