NAND flash vendors have increased chip prices citing strong demand for new smartphones particularly the iPhone 7 featuring up to 256GB of storage, according to industry sources. Prices will keep soaring until the fourth quarter of 2016.
Apple's purchases are critical to NAND flash consumption with the iPhone 6 and 6s consuming 15% of overall NAND supply last year.
Notably, this report corroborates an earlier one from TrendForce who said the that the larger 5.5-inch iPhone will be getting 3GB of RAM and a 256GB storage option.
Apple is expected to unveil the iPhone 7 on September 7th. Please follow iClarified on Twitter, Facebook, Google+, or RSS for updates.