The most upsetting thing about this is that Apple already has high profit margins. They don’t need to raise the prices. Apple is abusing iPhone customers because they can get away with it being the most popular brand in the US.
It likely all comes down to the stock market and the demand to always increase share value even once the market has been saturated.
Generally yes, except...
No customer must be "abused." They are free to not pay more. Too many consumers seem to have this concept that they have no choice... that they are "forced" to pay more, etc. Nope. They make their own money and they can spend it or not spend it as they choose. The other choice is to say no to that "abuse." If enough would do the same, prices would come down. Deflation is another tag that can be applied to prices. And what causes deflation is heavily tied to what I just typed.
And yes, Apple has very high profit margins and likely does not need this "extra." But, if they can raise prices and their market just rolls over and pays more, they are doing what sellers are supposed to do: get as much as they possibly can for whatever they sell. When we roll over, that's called (higher) price acceptance... something corporations celebrate as an accomplishment, paying bonuses to staff, etc.
We consumers ultimately manage (or don't manage) prices. If we pay any price hikes, prices will keep on rising. If we opt to not pay more, prices will level off. If we choose not to buy for while, prices will start deflating trying to motivate us to exchange cash for stuff again.
Consumers as a group in the last few decades seem to have simply forgotten that they can say "NO" as readily as they can say "YES" to sales pitches. And if they want their money to gain strength so that they can get more for it, that "NO" is key. By showing we don't value our money, it loses value, driving prices up. Choosing to value the money higher than unnecessary stuff will make that stuff deflate.
We will collectively figure this out sooner or later either by individual choices now or by a "last straw" scenario where prices just go too high that people cannot "just pay", "finance", "trade in", etc... as many already are in bigger ticket stuff like relatively small homes (should homes be priced at upwards of hundreds of thousands or even millions per bedroom???), average (not luxury/exotic) cars (should trucks be priced OVER $100K? Ask your father or grandfather what they paid for trucks back in the day), etc. That same effect will eventually "trickle down" to much smaller purchases (relatively).
For example, we ridicule the "insane" price of Vision Pro at $3500. Will we do the same when an iPhone is priced at $3500? Why do I think we will not? The same stuff being slung to rationalize a $200 price increase as rumored will be the very same rationale for the $2K iPhone when it arrives, the $2500 iPhone when it arrives, the $3K one and then the $3500 one.
Or the masses will wake up as a group and decide that their hard-earned money is worth more than any ever-rising price sellers seek.