Report: Samsung raises iPhone and iPad processor prices by 20%

Technology corporation Samsung is raising the prices for the processors found in Apple’s iPhone and iPad devices by 20 percent, according to a report from South Korean newspaper Chosun Ilbo.

Chosun Ilbo says it’s the first time Samsung wanted to increase the price of processors found in Apple’s phone and tablet devices, but doesn’t add a reasoning for why Samsung wanted to raise prices.

“Samsung Electronics recently asked Apple for a significant price raise in (the mobile processor known as) application processor,” said a person familiar with negotiations between Samsung and Apple.

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