What you need to know
- A new report says that chip shortages are causing manufacturing prices to rise.
- Nikkei Asia says chipmakers will likely pass on prices to companies like Apple.
- It could see the company focus on more high-end products and devices.
A new report indicates that companies like Apple might have to focus on making more expensive devices in 2022, to offset the rising cost of chips due to global shortages.
Nikkei Asia reports:
The report notes that chipmakers like Qualcomm, which will supply key components for iPhone 13, are likely to pass on rising prices to their devices makers like Apple, which in turn will look to make more high-end devices that are more expensive to compensate:
The report goes on to cite one industry analyst who says that this rising cost may even impact business strategies:
The news follows an August report stating that Apple is likely to set higher prices for iPhone 13 to compensate for increased manufacturing costs. Apple's next best iPhone might be more expensive than the iPhone 12, but this new report indicates the fever could spread to other Apple products in its lineup.
Apple is expected to unveil its new iPhone at a virtual event later this month.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9