How much is the iPhone 14 and is it worth the price?

How much does the iPhone 14 cost?

Let's start by comparing the different costs you can expect when buying a new iPhone 14. Following Apple's 2023 iPhone 15 announcement, the standard iPhone 14 dropped to a starting cost of $699 from $799 for the lowest storage available at 128 GB. Depending on the model in the series and the amount of storage you need, you can pay anywhere from $699 to $1,599 for the iPhone 14.

iPhone 14 Price Table

*iPhone 14 and iPhone 14 Plus pricing from https://www.apple.com/shop/buy-iphone/iphone-14 as of Oct 2023

**No longer sold on Apple - estimated new retail price based on popular retailers as of Oct 2023

At the time of writing this, you can get the iPhone 14 Pro Max 256 GB on Back Market for $806, which is only $5 more than the new iPhone 15.

Where to find and buy the iPhone 14 cheaper?

The good news is that you don’t have to pay top dollar for an iPhone 14 and you don't have to wait for price drops during the Holiday season to snag a deal. The best way to save and find cheaper iPhone 14 options is by shopping for a refurbished smartphone. Here at Back Market, we have one of the best online selections of quality refurbished iPhones, where customers not only save on the price of top phone models, but help the environment too. All of our refurbished iPhone 14's perform like new and are guaranteed to be 100% functional backed by a 1-year warranty or 30 days to change your mind, so there's no risk with your purchase. You can also find options for the iPhone 14 Plus and iPhone 14 Pro/Max models, which are currently up to 20-25% less than buying new on Apple.

What improvements were made on the iPhone 14?

The long-awaited iPhone 14 has been released with plenty of fanfare. However it’s important to remember that a lot of the hype relates to the features that are only found in the Pro and Pro Max models (including a Telephoto camera, Always-on Display and Dynamic Island).

In technical terms, the iPhone 14 actually shares a lot in common with the iPhone 13, including the same size bionic chip (A15), a 12MP main camera, and the Cinematic Mode function, a video feature which provides amazing depth of field.  However, these are a few key differences that may or may not justify the price difference for you:

• Performance: The 5-core GPU in the iPhone 14 is an upgrade from the iPhone 13's 4-core GPU. It also features 6 GB of RAM, compared to only 4 GB in the iPhone 14.

• Camera: The iPhone 14 features a new 'Action Mode,' which might sway those who enjoy making videos.

• Battery life: The iPhone 14 offers a slight increase in battery life, up from 19 hours of video playback for the iPhone 13, to 20 hours. However the iPhone 13 Pro Max outdoes this with an impressive 28 hours of video playback, whilst the iPhone 14 Pro Max boasts 29 hours of video playback.

• Safety features: Emergency SOS via Satellite and Crash Detection are two of the most notable additions to the iPhone 14 series. While the Emergency SOS feature might only appeal to those who plan on exploring remote areas like mountains or overseas, the Crash Detection is a noteworthy development in smartphone technology.

Overall, the jump from an iPhone 13 to an iPhone 14 is a small one, with improvements focused on camera refinements, safety features and processing tweaks. If these factors are important to you then the iPhone 14 is, of course, worth the price. For shoppers whose current smartphone is older than an iPhone 13, then the iPhone 14 is also worth considering. However, owners of a standard iPhone 13, or even the iPhone 13 Pro/Pro Max, will likely only see a difference if they opt for the iPhone 14 Pro/Pro Max instead of the iPhone 14/iPhone 14 Plus.

👉 Learn more from our full hands-on review of the iPhone 14.

iPhone 14 vs iPhone 13 prices

There's no denying that an iPhone 14, refurbished or new, will cost you more than an iPhone 13. At this point, you find an Apple iPhone 13 mini starting at $599 or the standard iPhone 13 for $699 on the Apple website. That will save you $100 to $200 compared to buying a new iPhone 14. However, Apple has already discontinued the iPhone 13 Pro/Pro Max, so you'd either have to find a new model available on a different retail site or shop for refurbished options.

You can pick up a refurbished iPhone 13 (128GB) for just $469 (at time of writing this) from Back Market, which is around $130 less than the price of a refurbished iPhone 14 with the same storage. In fact, you can even buy a cheap iPhone 13 Pro Max for as little as $700, which is almost $100 less than buying a new iPhone 14. The iPhone 13 Pro/Pro Max actually has a brighter screen and better battery life than the standard iPhone 14 model, which might make it a better investment overall.

Comparing iPhone 14 to other competitor prices

If you're not completely devoted to Apple, then you also might want to consider the Samsung Galaxy S22. This phone came out in the same year to directly compete with the iPhone 14, but unlike the 14, features a Telephoto Lens. It currently retails starting at $514.99 new (128GB), which is about $285 cheaper than buying a new iPhone 14. You can save even more if you buy from Back Market, where you can find a certified refurbished Galaxy S22 starting at $389 (as of Feb 2023).

👉 Reading tip: check out our insights about whether it's worth buying the iPhone 14 over the iPhone 13 or not?