https://wccftech.com/iphone-13-price-to-increase-following-increased-cost-of-chip-production/

Apple is expected to launch the iPhone 13 series in September with a smaller notch and a higher refresh rate. While the external design is pretty similar to the current iPhone 12 models, it is being reported that the iPhone 13 will increase in price due to the increased cost of chip production.

According to a new report from DigiTimes, TSMC is planning to increase the cost of its chip manufacturing. This will ultimately have an impact on its customers, majorly Apple. Apple, on the other hand, will pass on the increased cost to customers unless it sees fit to keep it the same. TSMC could increase its cost by 20 percent for its "advanced and mature process technologies." Moreover, the cost changes are expected to be implemented in January.