Apple Likely to Increase iPhone 13 Prices to Compensate for Rising Chip Production Costs [Report]
Apple will purportedly increase the price of the iPhone 13 to compensate for rising chip production costs, according to a new DigiTimes report via MacRumors.
TSMC has reportedly notified chip customers that starting January 2022 it will increase prices by as much as 20%.
TSMC has reportedly notified customers of price increases by as much as 20% for its advanced and mature process technologies, with the new prices set to be effective starting January 2022. The price adjustments will also be for the orders scheduled to be fulfilled starting December.
As TSMC’s largest customer, Apple will experience an estimated price hike of around 3-5%.
For TSMC’s advanced sub-7nm process technologies, quotes will rise by 3-10%, the sources indicated. Apple, the biggest client of TSMC with its orders accounting for over 20% of the foundry’s total wafer revenue, will experience a 3-5% price hike, the sources said.
DigiTimes says Apple will likely pass these price hikes to consumers…
Apple is likely to set higher prices for its upcoming iPhone and other series, according to market sources. Multiple notebook brand vendors, which have raised their prices by 5-10% so far this year, continue to explore ways to mitigate the impact of rising costs on their profitability.
The iPhone 13 is widely expected to arrive next month. Please download the iClarified app or follow iClarified on Twitter, Facebook, YouTube, and RSS for updates ahead of its launch.
