Why Your Next iPhone Could Be More Expensive

Your next smartphone may be pricier than you expected due to the global chip shortage, experts say. 

Apple and other companies are warning of manufacturing constraints due to a shortfall in critical components. Microprocessors, essential to smartphones and many other electronics, are in high demand and in short supply. 

“Overall, consumers should be prepared to pay more for smartphones and wait for some time to get the phones they want,” Nir Kshetri, a business professor who studies chip supplies at the University of North Carolina at Greensboro, told Lifewire in an email interview. “They may also be forced to buy expensive, high-end phones rather than the cheaper ones and from bigger phone makers rather than smaller ones.”

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