Get ready to shell out more cash for your next smartphone as Taiwan Semiconductor Manufacturing Company (TSMC) has announced a price increase for chip production. This will result in a 5-10 percent hike in smartphone prices next year, driven by factors such as U.S. tariffs and market fluctuations. Both Apple's iPhone 17 and Samsung's Galaxy S26 series are expected to be affected by these cost increases, as they rely on chips manufactured by TSMC.
Are you willing to pay the higher prices for the latest smartphones?
Despite the price increase, upcoming models like the iPhone 17 and Galaxy S26 are still highly anticipated. The iPhone 17 series, especially the Pro and Pro Max variants, are rumored to see a modest $50 price bump. On the other hand, Samsung's Galaxy S26 lineup is expected to launch next year with Qualcomm's Snapdragon 8 Elite Gen 2 processor, further contributing to the elevated smartphone costs.
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As smartphone prices continue to climb, consumers may need to reassess their budget or opt for more affordable alternatives. The tech industry's push for innovation and advanced hardware is reflected in these price adjustments, emphasizing the value of cutting-edge technology in modern devices.
