technology
Apple Raises Device Prices Over Memory Chip Shortage
Apple will raise prices on some products because of higher memory chip costs, according to a Wall Street Journal report. Company chief executive Tim Cook said price swings in commodities over the past six months are unlike any he has seen.
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The company attributed the move to recent volatility in commodity prices.
The price adjustments are expected to affect multiple device lines that rely on memory components. No specific models or percentage increases were detailed in the report. Supply constraints for memory chips have persisted in recent months.
Industry participants have cited both production limits and demand pressures as contributing factors. The company has not announced a timeline for implementing the price changes.
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CorroborationLimited · 2 sources
