Record orders for the Apple iPhone 6 could lead to a 5% to 10% price hike for competing phones

Apple has recently been rumored to have ordered a record 70 million to 80 million units of the Apple iPhone 6 for the initial run of the phone. Chinese media have responded by telling consumers to expect a 5% to 10% price hike on competitive models, in return. The reason for this has to do with the limited resources that contract manufacturers have. If they are forced to have more assembly lines working on the iPhone 6 as opposed to another company's phone, production of the latter device will drop. And for those who passed Economics 101, think back at what happens when demand stays the same and ...



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