Apple Announces Prices for New iPhone 15 Models, Cheapest Starts From N735k in Nigeria

Apple Announces Prices for New iPhone 15 Models, Cheapest Starts From N735k in Nigeria

  • Apple has released its latest premium phone, the iPhone 15, and it will cost Nigerians a little more than last year's edition
  • The new iPhone comes with impressive feature updates and also a new starting price across all models
  • Nigerians and tech enthusiasts looking to buy the new iPhone should be ready to shell out over N1 million

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US tech giant Apple has unveiled its latest iPhone 15 lineup in a fanfare event on Tuesday, September 12, 2023.

The four variants launched include the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max.

iPhone 15 pricing as Nigerians prepare to buy
Apple CEO Tim Cook holds up a new iPhone 15 Pro at the launch event in the US. Photo credit: Justin Sullivan
Source: Getty Images

For Nigerians looking to join the iPhone user club or upgrade to the iPhone 15 from old iPhones, it won't come cheap amid the poor performance of the naira against the US dollar.

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It is even more expensive for an average Nigerian who wants to join the iPhone user club.

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How much will iPhone 15 cost for an average Nigerian worker

According to information on the Apple website, the most expensive variant of the iPhone 15 Pro Max (1 terabyte model) will cost $1,599.

At the current parallel exchange rate of N920/$, the $1,599 price tag translates to N1.47 million to buy an iPhone 15 Pro Max.

While buying the latest iPhone may not be the wisest financial move for an average Nigerian worker earning N30,000, the national minimum salary, those who choose to proceed would need to work and save for at least four years.

Breakdown of iPhone 15 prices

The starting prices for the full lineup are as follows using the N920 black market exchange rate:

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iPhone 15 Pro:

  • 128GB: $999 (N919,080)
  • 256GB: $1,099 (N1.01 million)
  • 512GB: $1,299 (N1.19 million)
  • 1TB: $1,499 (N1.38 million)

iPhone 15 Pro Max:

  • 256GB: $1,199 (N1.10 million)
  • 512GB: $1,399 (N1.29 million)
  • 1TB: $1,599 (N1.47 million)

iPhone 15:

  • 128GB: $799 (N735,248)
  • 256GB: $899 (N828,156)
  • 512GB: $1,099 (N1.01 million)

iPhone 15 Plus:

  • 128GB: $899 (N828,156)
  • 256GB: $999 (N919,080)
  • 512GB: $1,199 (N1.10 million)

How ready are you as a Nigerian to cough up your hard-earned money to pay for the latest iPhone?

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In another report, revealed that Africa's biggest economy, Nigeria, has one of the lowest minimum wages on the continent.

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Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: