iPhone 7 Plus (128GB) sees an increase in price in January to $320 before dropping back to $260.
The adjustment in price is inevitable as rumors of a low budget iPhone are due to release soon. The news causes some buyers to hold on to their purchase for a wait-and-see approach. The new phone is said to be an iPhone SE replacement (could be branded as iPhone 9), which may be price below $700.
Apple last released the iPhone SE in 2017, and it has since been three years after the launch of the low-cost phone.