BofA Securities reinforces its Buy rating on Apple Inc. (NASDAQ: AAPL) following confirmed price hikes due to memory costs. Read the full analyst adjustment details.

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.

The company now says it will have to raise product prices — but how it does so will be telling.

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…