Apple warns: iPhone prices may rise

Apple, which made a record profit in the second quarter of 2022, made new statements about the third quarter of the year. Apple CEO Tim Cook pointed out a total of 5 problems, including component shortages in the current quarter, COVID-19 shutdowns in China, exchange rate weaknesses, stagnation of Russian sales and inflation, and said that a supply gap of $ 4 billion to $ 8 billion may be experienced. .

It may affect product prices

Expecting the crisis to ease later in the year, Apple faced restrictions in its Chinese factories due to the increase in the Covid-19 epidemic. While the problems are still in effect today, Cook said in a conversation with analysts that the problems will affect almost all product categories.

Many analysts, companies Chris Caso, an analyst at Raymond James finance company, warned that iPhone prices could rise outside of the US when the iPhone 14 series launches in the fall. Stating that the exchange rate problem may be long-term, Caso said that Apple product prices may increase beyond the US borders and the timing may be unfortunate for the iPhone 14.