Apple has finally introduced the highly anticipated iPhone 16 lineup, which includes the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max. So, what’s new? Is it worth the upgrade? Let’s take a closer look at the features of the new iPhone, along with discounts and credit card offers that can save you up to 34%!
Table of Content
- iPhone 16: Pricing
- iPhone 16: key new features
- iPhone 16 credit card discounts
- Apple Trade In program
- Older iPhone models price drop
iPhone 16 price starts at HK$6,899
First off, the prices of the four iPhone 16 models remain unchanged, with the starting price at HK$6,899, which is good news for many. The iPhone 16 Pro Max starts at 256GB, with no 128GB option available.
iPhone 16 Price
| Storage | 128GB | 256GB | 512GB |
| Price | HK$6,899 | HK$7,699 | HK$9,399 |
iPhone 16 Plus Price
| Storage | 128GB | 256GB | 512GB |
| Price | HK$7,699 | HK$8,499 | HK$10,199 |
iPhone 16 Pro Price
| Storage | 128GB | 256GB | 512GB | 1TB |
| Price | HK$8,599 | HK$9,399 | HK$11,099 | HK$12,799 |
iPhone 16 Pro Max Price
| Storage | 256GB | 512GB | 1TB |
| Price | HK$10,199 | HK$11,899 | HK$13,599 |
| Model | Display sizes / Resolution | Cameras | Colors | dimensions / Weight |
| iPhone 16 | 6.1-inch / 2556 x 1179 @ 460 ppi | Rear camera: 48MP, 12MP Ultra Wide camera; 2x Telephoto
Front camera: 12MP |
Ultramarine, teal, pink, white, black | 147.6 X 71.6 X 7.80mm / 170g |
| iPhone 16 Plus | 6.7-inch / 2796 x 1290@ 460 ppi | Same as iPhone 16 | Same as iPhone 16 | 160.9 X 77.8 X 7.80mm / 199g |
| iPhone 16 Pro | 6.3-inch / 2662 x 1206@ 460 ppi | Rear camera: 48MP, 48MP Ultra Wide camera; 5x Telephoto
Front camera: 12MP |
Desert titanium, natural titanium, white, black | 149.6 X 71.5 X 8.25mm / 199g |
| iPhone 16 Pro Max | 6.9-inch / 2868 x 1320@ 460 ppi | Same as iPhone 16 Pro | Same as iPhone 16 Pro | 163.0 X 77.6 X 8.25mm / 227g |
- Min. Annual Salary
- HK$0
- Cash back on online shopping
- 6%
- Cash back on Japanese spending
- 3%
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New AEON Customers successfully applied AEON CARD WAKUWAKU through “AEON HK” Mobile App and input the welcome offer code “MSWAKU” to enjoy an extra HK$200 cash rebate (Offer by AEON) and up to 16% cash rebate + HK$400 cash rebate! Enjoy a year-round 6% cash rebate on online spending! Earn 3% cash rebate on purchases in Japan and enjoy waived transaction fees on foreign currency transactions (except charges imposed by Cards Associations)!
iPhone 16’s key features overview: worth the upgrade?
iPhone 16 Pro: larger screen with the thinnest bezels ever
The design of the new iPhone 16 remains similar to its predecessor, but the screen sizes of the iPhone 16 Pro and Pro Max have increased, now measuring 6.3 and 6.7 inches, respectively, up from 6.1 and 6.3 inches. Apple is also highlighting that the bezels on the iPhone 16 Pro are the thinnest in history — being 33% slimmer than the previous generation. The iPhone 16 Pro now weighs 199 grams, which is 12 grams heavier than the iPhone 15 Pro.
In terms of color options, the new iPhone 16 comes in five vibrant shades. Alongside classic black and white, it introduces pink, teal, and light blue, which are significantly brighter than the previous generation’s subtle hues. On the other hand, the iPhone 16 Pro’s colorway is more muted and conservative, featuring the standard black and white, titanium, and a new Desert Titanium.
Additionally, the iPhone 16 Pro models continue to support Super Retina XDR displays and 120Hz ProMotion technology, with an improved resolution compared to the last generation.
Sapphire coated Camera Control Button
All iPhone 16 models now feature a Camera Control Button, made from sapphire glass coating. Apple claims it offers a tactile feel comparable to a DSLR camera shutter, allowing for precise detection of pressure, sliding, and timing. This enables users to quickly control various camera functions such as shutter release, focus, auto-lock, and zooming.
In addition, now the Action Button will replace all traditional mute switches across the entire iPhone 16 lineup, allowing users to customize different shortcuts, such as activating night mode, translation, camera, flashlight, and more.
New A18 and A18 Pro chips: 30% faster than its predecessor
All models of the new iPhone 16 will feature the brand new A18 and A18 Pro chips, designed to support Apple Intelligence (AI) capabilities. The internal design of the iPhone 16 has also been improved for better heat dissipation and increased battery life. Apple claims that the new A18 chip is 30% faster than the A16 Bionic chip of the previous iPhone 15, while also reducing GPU power consumption by 35%.
On the other hand, the A18 Pro chip, equipped in the iPhone 16 Pro and Pro Max, utilizes the latest second-generation 3nm process, resulting in a 20% reduction in power consumption compared to its predecessor. This allows for seamless performance even while playing demanding 3D games or recording 4K video. However, the English version of Apple Intelligence will not be available until November, while the Chinese version is expected to debut as early as 2025.
- Min. Annual Salary
- HK$0
- Local, Overseas and Online Spending via selected mobile payments
- Up to 6%
- Cash rebate on travel spending and designated spending categories
- 4%
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New Photographic Styles for customizing tone and aesthetics
While the new iPhone 16 camera specs remain largely unchanged from the previous generation—with all four models featuring a 48-megapixel—the iPhone 16 Pro models have now upgraded their Ultra Wide Camera to 48 megapixels as well. Additionally, the sensor and data read speeds in the iPhone 16 Pro models are now twice as fast as the previous generation, although the 5x optical zoom remains at 12 megapixels.
All iPhone 16 models will come equipped with the new Photographic Styles feature, which allows users to preview changes live before applying them. With a control pad, you can adjust the tone and color intensity of specific hues without altering the entire image color scheme. Apple has also improved skin tone rendering, enabling you to create a personalized style that can be consistently applied across all your photos.
Furthermore, you can now modify the Photographic Style even after capturing an image, a feature not available in previous models. This makes it easier than ever to achieve the perfect look for your selfies and photos.
Apple Intelligence: Hong Kong availability remains uncertain
Apple has devoted significant attention to promoting its new Apple Intelligence (AI) features during the iPhone launch event. A key highlight was Visual Intelligence, which allows users to simply point their camera at a target, enabling the phone to recognize the subject and provide relevant information, such as restaurant names, species of the animal, or details about event venues. Visual Intelligence can also integrate with third-party applications like Google Search and ChatGPT.
However, Apple has not yet confirmed whether all features of Apple Intelligence will be accessible in Hong Kong, or if certain functionalities may be restricted. We will need to wait for further details from Apple to understand the full capabilities available to users in the region.
Best credit cards for iPhone 16: save up to 34%!
A brand new iPhone 16 with maxed out specs can cost you at nearly HK$13,600, but there are several ways to make purchasing an iPhone more affordable, such as using Apple Store gift cards or taking advantage of the following credit card offers for buying an iPhone:
Credit card welcome offers
Welcome offers from banks, cash rebates from your credit card, and MoneySmart’s exclusive rewards can make purchasing the iPhone 16 more affordable. Just be sure to check for any specific requirements, such as minimum spending or purchase conditions at designated merchants.
| Credit Card | Welcome Offer | MoneySmart’s Exclusive Offer | Cash Rebate | Discounted Price | Discount Rate |
| Standard Chartered Smart Card | HK$800 | HK$1,998 | HK$470
5% cashback at China Mobile HK |
HK$6,131 | 34.77% |
| Citi Cash Back Card | – | HK$1,600 | HK$94
1% cashback |
HK$7,705 | 18.02% |
| AEON CARD WAKUWAKU | HK$500 | HK$500 | HK$300
Online shopping cashback |
HK$8,099 | 13.83% |
| Hang Seng MMPOWER World Mastercard | HK$700 | HK$1,000 | HK$467
Online shopping cashback |
HK$7,232 | 23.06% |
| WeWa UnionPay Diamond Card | HK$2,890 | HK$300 | HK$238
6% Cashback via selected mobile payments |
HK$5,971 | 36.47% |
| HSBC Visa Signature Card | HK$800 | – | HK$338
3.6% Red Hot Rewards for “Home” category |
HK$8,261 | 12.11% |
HSBC x Apple Store: 6% RC cashback for iPhone 16
From today until November 14, 2024, using an HSBC credit card to shop at an Apple retail store, the Apple Online Store, or the Apple Store app with Apple Pay for purchases over HK$5,000 will earn you an extra 6% Reward Cash (RC), with a maximum of HK$350 RC during the promotion.
For example, if you use an HSBC Red credit card to purchase the iPhone 16 Pro 256GB (regular price: HK$9,399) through the Apple Online Store via Apple Pay:
- Online shopping RC cashback (4%): HK$375
- Additional Apple Store RC cashback (4%): HK$350
- Exclusive HSBC Red Card x PayMe welcome reward (for new customers with eligible spending of HK$8,000 or more within the first 60 days): HK$800
Total rewards: HK$1,525
Price after rewards: HK$7,874
Discount rate: 16.23%
Additionally, when using an HSBC credit card for a single eligible transaction through Apple Pay at Apple Store retail locations, the Apple Online Store, or the Apple Store app, you can apply for a 6-month installment plan and receive a 100% fee waiver on the transaction fee. This offer is available once during the promotional period, with a maximum fee waiver for transactions up to HK$20,000.
- Local and oversea spending
- As low as HK$2 = 1 Mile
- Minimum Annual Income
- HK$240,000
- Welcome Offer
- Up to $1,000 RewardCash
SC Smart Card x Harbour City Fortress: up to HK$1,750 discount!
Standard Chartered has partnered with Fortress (Ocean Centre Store) at Harbour City to offer exciting promotions. New Standard Chartered Smart Card customers can receive an HK$800 welcome cashback, and by spending HK$10,000 at Fortress, they can earn up to HK$950 in rewards. This means purchasing high-end models like the iPhone 16 Pro Max, iPhone 16 Pro, or iPhone 16 Plus 512GB can yield a total of HK$1,750 in rewards.
| Offer | Amount (HKD) |
| Smart Credit Card Welcome Offer | $800 |
| Fortress CashBack (Spent HK$8,000 or above) | $500 |
| Harbour City E-Coupon (Spent HK$10,000 or above) | $450 |
| Total Rewards | $1,750 |
Additionally, if you buy a new device from CMHK, you can enjoy an extra 5% cashback. For instance, purchasing an iPhone 16 Pro Max (256GB) priced at HK$10,199 would result in a final price of HK$8,889 after cashback, which translates to a discount of up to 12.8%!
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- Cash back on spending at designated stores of HKTVmall
- 5%
- Cash back on local spend
- 5%
- MoneySmart Exclusive Offer
- HK$2,798
【MoneySmart Exclusive: Rewards up to HK$2,798💰】
From now until 31 October 2024, New Cardholders who successfully apply for Standard Chartered Smart Card now via MoneySmart to get JBL Charge 5 Portable Waterproof Speaker (Value HK$1,998) or German Pool Capsule Coffee Maker CMC-101 (Value: HK$1,580) or BRUNO BOE021 - Compact Hot Plate (Value: $998) or HK$800 Apple Store Gift Card or HK$800 PARKnSHOP supermarket vouchers or HK$800 HKTVmall e-Vouchers.
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【🌎Go Global, Stay Connected: Free 5GB eSIM】If you have successfully applied for a Standard Chartered Cathy Mastercard and submit the redemption form on or before 31 October, you can earn a 5GB Eskimo Global eSIM redemption code (Value: USD$25) within 14 days after the promotion ends! *400 quotas only, first come first served
BoC Visa cards: enjoy up to 4% cashback on iPhone purchases
From now until September 30, 2024, using a Bank of China (HK) Visa card for designated category purchases will earn you 2% cashback, while on Sundays and public holidays, you can earn 4%. Eligible purchases include transactions at local physical stores (with a single purchase of HK$500 or more, and a monthly total of HK$5,000) or online purchases in the electronics category. The monthly cashback limits are HK$120 for 2% and HK$240 for 4%.
For example, if you use a BoC Sogo Visa Signature card to purchase an iPhone 16 Pro 256GB (original price: HK$9,399) at the Apple Store or an electronics retailer through Apple Pay, you’ll also receive an extra 5% cashback:
- Credit card welcome offer: HK$500 Sogo shopping voucher
- Basic cashback: HK$37.6 (from HK$9,399)
- Mobile payment cashback: Monthly cap of HK$100
- Public holidays in-store purchase cashback: HK$240
- Total rewards value: HK$877.6
Price after rewards: HK$8,521.4
Discount rate: 9.34%
American Express credit card: one additional year of warranty for new iPhone
American Express (AE) credit cards offer a “No Worries Guarantee” shopping protection that extends the manufacturer’s warranty (Apple Care). If the original warranty period is between 1 to 3 years, you will automatically receive an additional 12 months of coverage once the original warranty expires.
This extended warranty covers the cost of parts and labor for repairs due to manufacturing defects within the original warranty terms. Each card account has an annual compensation limit of HK$150,000, with a maximum of HK$40,000 per item.
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- Min. Annual Salary
- HK$300,000
- Complimentary Plaza Premium Lounge Access
- 8 times per Calendar Year
- Miles Conversion (Eligible Foreign Currency Transaction)*
- HK$1.68 = 1 Mile
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- Annual Principal Fee
- First-year Annual Fee Waiver
- Foreign Currency Spending Bonus
- Up to 3X points^
- Local Spending Bonus
- Up to 2X points^
DBS credit card installments: handling fee waiver as low as HK$0
Using a designated DBS credit card for a single transaction of HK$500 or more at Apple Store Hong Kong, online store, or app, and successfully applying for Flexi Shopping installments through the DBS Card+ app, you can enjoy low processing fees. This includes a one-time fee for 6 or 12-month installments, or monthly interest for 18 to 60-month plans.
For the first successful application of the highest single eligible transaction, you can receive up to HK$110 in processing fee or interest rebates, along with automatic entry into a grand prize draw with 5 winning spots. There’s a chance to win up to 100% cashback on your transaction, with rebates of up to HK$5,000. This promotion runs until December 31, 2024.
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- Welcome Offer
- Up to 42,000 miles
- Upon meeting local and overseas spending goal*
- HK$3/mile
- Miles Conversion (overseas spend)
- HK$4/mile
【🆙 Elevated Reward! Earn up to HK$1,699 Rewards🔊】
From now until 31 October 2024, customers who successfully apply for DBS Blackworld Mastercard via MoneySmart, can enjoy Jollying Pebble Foldable Slim Suitcase 20" (Retail value: HK$899) / JBL Link 20 Voice-activated portable speaker (Retail value: HK$1,699) / HK$500 Apple Store Gift Card / HK$500 PARKnSHOP Supermarket Voucher! You can also earn the bank welcome offer of up to 42,000 miles at the same time!
Apple Trade In program
Trading in your old iPhone for a new one through Apple Trade In is a common practice. The latest Apple Trade In values are as follows:
| iPhone device | Estimated trade-in value |
| iPhone 15 Pro Max | HK$5,400 |
| iPhone 15 Pro | HK$4,500 |
| iPhone 15 | HK$3,400 |
| iPhone 14 Pro Max | HK$4,800 |
| iPhone 14 Pro | HK$3,950 |
| iPhone 14 | HK$2,700 |
| iPhone 13 Pro Max | HK$3,550 |
| iPhone 13 | HK$2,200 |
| iPhone 13 mini | HK$1,900 |
| iPhone 12 Pro Max | HK$2,000 |
| iPhone 12 Pro | HK$2,000 |
| iPhone 12 mini | HK$1,200 |
| iPhone 11 Pro Max | HK$1,600 |
| iPhone 11 Pro | HK$1,300 |
| iPhone 11 | HK$1,150 |
| iPhone SE (3rd generation) | HK$900 |
| iPhone XS Max | HK$1,050 |
| iPhone XS/XR | HK$750 |
| iPhone X | HK$500 |
| iPhone 8 Plus | HK$500 |
| iPhone SE (2nd generation) | HK$500 |
| iPhone 8 | HK$350 |
| iPhone 7 Plus | HK$300 |
In addition to Apple products, specific brands and models of Android phones are also qualified for the Apple Trade In program. Here are some popular Android phones and their estimated Trade-In values:
| Trade-in for Android | ||
| Brand | Device | Estimated trade-in value |
| Samsung | Galaxy S24 Ultra | $3,250 |
| Samsung | Galaxy S23 Ultra | $2,400 |
| Samsung | Galaxy S22 5G | $750 |
| Samsung | Galaxy S21 FE 5G | $350 |
| Pixel 8 Pro | $1,600 | |
| Pixel 8 | $1,250 | |
| Pixel 7 Pro | $650 | |
| Pixel 7a | $500 | |
Apply for Citi Personal Loan and Receive Up to HK$8,500 in Apple Store Gift Cards
Citi Bank is offering an offer where new customers who successfully apply for and withdraw at least 12 months of Citi Quick Cash loans or transfer their Citi card balances by October 31, 2024, can earn exclusive rewards from MoneySmart of up to HK$8,500 in Apple Store gift cards! Learn more.
Monthly Payment
HK$8,493
- APR*
- 1.78%
- Total Amount Payable
- HK$203,840
- Total Interest Payable
- HK$3,840
- Monthly Payment
- HK$8,493
【Citi Loan rewards you with rewards as high as $16,599!】
New customer who successfully apply for Citi Speedy Cash Loan/Citi Card Debt Consolidation Loan on or before 31 October 2024 and successfully draw down on or before 30 November 2024 would be eligible for MoneySmart exclusive gift up to HK$8,500 Apple Store Gift Card / PARKnSHOP supermarket vouchers!
Popular physical gift options include iPhone 16 Pro 128GB (valued: HK$8,599) / iPhone 16 256GB (valued: HK$7,699)／ Bowers & WilkinsPX 8 Headphone (valued: HK$5,480) / GoProHERO13 Black Action Camera Creator Edition (valued: HK$4,800) / Sennheiser ACCENTUM Wireless Headphone (valued: $1,600)!
To borrow or not to borrow? Borrow only if you can repay!
Save up to 26% on older iPhone models
With the launch of the iPhone 16, older models are being discounted as usual. The iPhone 15 Pro and iPhone 15 Pro Max have already been discontinued, and the iPhone 14 series has seen price reductions of up to 26%! Here are the prices for all older iPhone models:
| iPhone model | Storage | Before price drop | After price drop | Discount | Discount rate |
| iPhone 15 | 128GB | HK$6,899 | HK$5,999 | HK$900 | 15.00% |
| 256GB | HK$7,699 | HK$6,799 | HK$900 | 13.24% | |
| 512GB | HK$9,399 | HK$8,499 | HK$900 | 10.59% | |
| iPhone 15 Plus | 128GB | HK$7,699 | HK$6,899 | HK$800 | 10.39% |
| 256GB | HK$8,499 | HK$7,699 | HK$800 | 9.41% | |
| 512GB | HK$10,199 | HK$9,399 | HK$800 | 7.84% | |
| iPhone 14 | 128GB | HK$6,899 | HK$5,099 | HK$1,800 | 26.09% |
| 256GB | HK$7,699 | HK$5,899 | HK$1,800 | 23.37% | |
| 512GB | HK$9,399 | HK$7,599 | HK$1,800 | 19.15% | |
| iPhone SE | 64GB | HK$3,699 | HK$3,699 | HK$0 | 0.00% |
| 128GB | HK$4,149 | HK$4,149 | HK$0 | 0.00% | |
| 256GB | HK$4,999 | HK$4,999 | HK$0 | 0.00% |
Apple iPhone 16 FAQ:
What Apple Intelligence features does the iPhone 16 Pro have?
Apple Intelligence (AI) offers a wide range of features, including “Memories” to create short video content, real-time object recognition, summarizing audio content from recordings, enhanced Siri functionality, instant proofreading and transcription, and converting text into graphics.
Does the iPhone 16 series still have a mute switch?
No, all iPhone 16 models will replace the mute switch with the “Action Button.”
What are some ways to buy an iPhone more affordably?
You can use Apple Store gift cards or take advantage of credit card welcome offers, among other methods.
How can I obtain extended warranty services for my iPhone?
You can get a free one-year extended warranty service when purchasing an iPhone with an AE Explorer.
Which credit cards offer installment payment options for buying an iPhone?
Using a DBS credit card to purchase an iPhone in installments can waive up to HK$110 in processing fees.
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