Future Apple products, such as the iPhone 13, may become more expensive as a result of chip shortages and rising supplier prices. According to Nikkei Asia sources, Apple's main chip supplier TSMC is raising its fabrication prices in response to the ongoing global semiconductor shortage. That means Apple may have to pay more for chip production and may have to pass the costs on to customers.
According to figures accessed by Financial Express, Apple's manufacturing push in India has created approximately 20,000 jobs at suppliers like Foxconn and Wistron. The two Apple contract manufacturers have hired 7,500 workers each since August 2020. It is estimated that the vendors supplying inputs to these two companies such as Sunwoda, Foxlink, Salcomp and several others have also hired approximately 5,000 extra employees to support these direct suppliers to Apple.
Apple has been revealed to be the largest customer of the British electronics start-up Rockley Photonics. The company has developed non-invasive optical sensors for detecting multiple blood-related health metrics, including blood pressure, blood glucose, and blood alcohol levels. These types of biometric data are only normally detectable with more invasive and dedicated medical equipment.
When G7 Foreign and Development Ministers meet in London this week they will discuss investing $15 billion in developing countries in the next two years. This development fund will help women access jobs and build resilient businesses to combat the devastating economic impacts of COVID-19.