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Apple to raise prices due to memory chip shortage, CEO Tim Cook says: Report
Apple CEO Tim Cook announced plans to increase product prices due to soaring memory and storage chip costs, driven by AI demand. He stated price hikes are unavoidable as the company struggles to absorb escalating component expenses. Cook emphasized the need for memory pricing and supply to stabilize for consumer products.
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cryptobriefing.com
Apple plans price increases as CEO Tim Cook cites rising chip costs from AI boom
Apple plans to raise prices on iPhones, MacBooks, and other devices as CEO Tim Cook warns of surging memory chip costs driven by AI infrastructure demand.
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channelnewsasia.com
Apple to raise prices due to memory chip shortage, says CEO Tim Cook
Tim Cook, who will hand over the reins to John Ternus in September, did not disclose when or how much prices might rise, nor which products could be impacted.
