Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleApple's shares experienced their most significant single-day decline in over a year, slumping after the tech giant announced price increases for several products. The Silicon Valley firm's stock fell by 6.1 per cent overnight, erasing approximately $270 billion from its market value. This sell-off was triggered by Apple's decision to hike prices for a number of MacBook and iPad models in response to soaring memory and storage costs. The increase in component costs is attributed to a shortage of memory chips driven by the AI boom.The slump in Apple shares and concerns over memory supply negatively impacted stocks across the tech sector, weighing on global equity markets.In fullApple shares dip after increasing MacBook and iPad pricesThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

The cheapest MacBook Pro now starts at $2,000.

Tech giant Apple hiked on Thursday the prices for its iPad and MacBooks, saying it could no longer protect customers from rising memory and storage chip...

A surge, dubbed by some experts as ‘RAMageddon’, has been driven by a boom in AI data center construction

Apple just rolled out a slew of price increases across Mac, iPad, Apple TV, HomePod and more product lines. Apple...

Apple CEO Tim Cook had earlier warned of price increases due to the memory chip shortage.

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"The company briefly took down its Apple Online Store early this morning..."

Apple has hiked prices on some of its most popular products, including the MacBook and iPad, because of the rising costs of memory and storage chips sparked by the AI boom.

Apple shares are in the spotlight Thursday after reports of Mac and iPad price hikes tied to higher memory and storage costs.

Yes, you can blame AI. The price increases result from surging memory chip costs and short supply.

As promised a week ago, Apple just increased prices across a range of product lines. While rising RAM costs are...

Confronté à une envolée sans précédent du prix des mémoires, Apple augmente de plusieurs centaines de dollars le tarif de certains MacBook et iPad. Une décision qui illustre les…

Apple stock fell 5%, erasing $215B in market cap after Tim Cook confirmed price hikes driven by rising memory chip costs ahead of the iPhone 18 Pro launch.

The price increases are largely unprecedented, with no equivalent in Apple’s modern history of sweeping hikes across much of its product line.

Apple raised prices on several MacBook and iPad models after CEO Tim Cook warned that surging memory and storage costs had become unavoidable, as AI data centers fuel a component…

iPhone maker blamed cost rises on memory chip shortages caused by AI boom

“Today’s move is a clear signal that memory inflation is biting harder and faster than expected, even for Apple,” one analyst said.

"Higher-than-expected magnitude of price increases on announced SKUs could drive pressure..."

The tech giant insists it has “shielded customers from these increases so far” but can no longer do so.

Memory chip shortages linked to AI push Apple device prices up by as much as $300