Monday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.

Toys

The makers of some of the most popular toys in the United States say the global shipping crisis and labor shortages limiting their ability to keep stores stocked throughout the holiday shopping season.

The head of both MGA Entertainment and Basic Fun said consumers can expect price increases of 5% to 10%.

Affirm

Affirm, a buy now, pay later, payment provider that allows customers to pay for their purchases in installments had reached a deal with Amazon.

Affirm said Amazon customers would be able to use its service on purchases of $50 or more, including items like furniture, home goods, electronics and fashion, and pay in monthly installments.

iPhone

Noted Apple analyst Ming-Ching Kuo says that the “iPhone 13” will have the ability to use satellite communications, thanks to a customized baseband chip.

Apply Insider says if the report is accurate, it won’t be the first smartphone to support satellite communications, but it will be the first mainstream model to do so.

That will allow it to make calls and send texts in areas lacking cellular coverage.