"Foxconn has timed this perfectly going into the holiday season," countered Dennis Hildebrand, an analyst who is frequently cited by Fortune. Hildebrand believes this story is only just beginning and, because "Foxconn is very powerful," will "be gargantuan."

"If Apple is forced into raising prices to protect margins, it won't happen until Apple's" second quarter, which runs, roughly, from January through March, Hildebrand wrote in an email. "Apple will protect the holiday quarter at all costs."

Apple's customers are incredibly loyal, noted Rajesh Ghai of ThinkEquity LLC. A price increase in the second quarter wouldn't scare many of them away, he suggested. "AAPL has significant brand equity with customers who are likely to be insensitive to a small price increase if any," he wrote.

And where would angry consumers turn anyway? Horace Dediu, an analyst and former business development manager at Nokia, pointed out that Foxconn manufactures parts for a number of electronics companies in the United States. "Apple is a tiny part of the overall order book so Apple's products will not be at a disadvantage if competitors also raise prices," he wrote in an email.

Aside from Hildebrand, who also suggested that Apple might consider using its large supply of cash to build its own manufacturing facilities overseas and sidestep Foxconn altogether, all of the analysts I reached out to for an opinion seemed to believe that Foxconn will raise prices, but consumers will only see a small price increase if any.

"No worries -- you're not going to suddenly have to pay $1,000 for the low-end iPad," Henry Blodget, editor of Business Insider, told me over email. "If anything, the impact will likely be that the price of the iPad will not decline quite as fast as it would have if Foxconn kept paying slave-wages."

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