Apple may charge more for iPhone 13 as the cost of chip production is said to increase

New reports indicate that Apple might be looking to offload the increase in expenses it will have to incur on the production of the new iPhones. The device might thus see a 3 to 5 per cent increase in their price points, vis-a-vis the iPhone 12 series.

Apple was previously expected to introduce the iPhone 13 series at a price point similar to or less than what was seen on the iPhone 12 series. Recent developments, however, indicate that the company might be reconsidering this, in lieu of the added expenses it may have to incur on the production of the new iPhones. A new report suggests that Apple is looking to mitigate an expense that will possibly be added on to its iPhone 13 series' production in the near future. The expense will be in the form of heightened cost for the chips used in these iPhones.