Apple products could be more expensive next year, here's why"The net profit margin for smartphone makers excluding Apple is only about 5% to 10%. In that case, the rising chip costs will definitely push all the industry players to roll out higher-end handset models for next year to offset the cost impacts rather than focus on midrange or lower-end phones"
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 price of chips -- and the electronic devices they power -- are on track to rise into 2022 as the world's biggest contract chipmaker joins its rivals in ramping up production fees.
Prices of semiconductors have been climbing since the l...
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Apple products could be more expensive next year, here's why
