Apple to raise prices to offset memory chip shortage, Cook says (opens original article in a new tab)

Apple plans to increase prices due to memory chip shortages caused by high demand from AI data centres, with Tim Cook set to step down in September.

• Apple will raise product prices to offset memory and storage chip costs
• AI-driven demand for data centres is causing memory shortages and price increases
• Tim Cook will step down in September, succeeded by John Ternus