iPhone 13 price could rise thanks to difficulties in making chips, rumour suggests

The iPhone 13 could cost more than its predecessors because of the chip that powers it, according to a new rumour.

Taiwan Semiconductor Manufacturing Company, or TSMC, is reportedly having to spend more to make its chips and is passing that cost on to the companies that use it as a supplier, according to a report from DigiTimes.

Those customers including Apple, which relies on TSMC to make the chips that power the iPhone.

Prices are expected to increase by as much as 20% from January 2022, it reported. For the kind of processes used by Apple, that price is expected to rise by something between 3 and 10 per cent, the same report claimed, with Apple experiencing a 3 to 5 per cent price hike.