It almost certainly is. Once people get used to the higher prices, and the companies see that the units sell anyway, there is no meaningful incentive to lower costs again.

This has played out time and time again during every other supply-side shock. Once prices go up, they don't come back down.

You really think the manufacturers or retailers will lower the prices now that people are used to the new normal? How often do you see that happen?

You have evidence that they are going to go down? Not unless government policy steps in to pressure chip makers, or establish new markets. Corporations will use inflation, ai, et al to validate their record profits at the cost of the consumer. Monopolies or better put the mergers of companies over the last 40 years hasn’t lead to cheaper prices, it never was going to either.

Prices will continue to go up.