The prices of certain electronic devices should increase in this year 2021. This is what emerges from numerous analyzes made by market observers. The latter predict that the iPhone, PS5 and Xbox Series will suffer the law of supply and demand in this period of pandemic linked to COVID-19. Users of these electronic products may pay a little more than usual to get them.
Prices for iPhone, PS5 and Xbox Series will rise soon
Many analysts, media, and watchers in the electronics market envision a price hike for the iPhone, PS5, and Xbox Series in 2021. This price hike is believed to be the result not only of numerous supply chain difficulties, but also of continued sanctions by the United States with regard to Chinese companies including Huawei. Indeed, this Sino-American economic war would plunge many companies specializing in semiconductors into a shortage forcing them to revise their plans. Some of them (AMD, Qualcomm…) would also be outbidding the delivery of components. Sony, Microsoft and Apple would therefore be engaged in a battle to obtain the precious and indispensable components. The costs of this battle are expected to affect product prices.
An electronics market that wants to take advantage of the health crisis?
The health crisis linked to COVID-19 and the many periods of lockdown that followed forced many households to adopt telecommuting and indoor leisure. New habits forcing the use of high tech electronic products. The demands of the latter could surge and cause their prices to rise. Apart from televisions and PCs, the iPhone, PS5 and Xbox Series are also affected by this prospect of price increases. The electronic products market would therefore take advantage of this consumer constraint to restore good health. But, it could suffer the repercussions of this policy because households are also victims of a drop in their income. If selling prices go up, Sony, Microsoft and Apple could see some of their customers opting for more affordable items.
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