Why should it be the new norm? We have an abnormal situation now, of massive amounts of investor money being poured into unprofitable bets, that this time had the side effect of eating up hardware components. There are two possible outcomes:

1. Yes, it's the new normal, then production capacity will be increased and prices fall.

2. No, it's not the new normal, the bubble pops and component prices come crashing down when buyers default etc.

Option 2 has been the normal outcome of these situations so far. But sure, questions remains how long all of this will take.