The iPhone maker’s clout as a buyer has taken a major hit from the AI boom. | Technology News

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.

CEO Tim Cook said in a recent interview that the situation is "unsustainable."

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…