Apple plans to increase product prices to offset rising memory chip costs, according to CEO Tim Cook in an interview with the Wall Street Journal. Cook stated that price increases are unavoidable due to unsustainable cost pressures but did not specify timelines or affected products. The upcoming iPhone 18 launch in September may be impacted. According to TechInsights, Apple would need to raise the price of the iPhone Pro by $270 to maintain current profit margins. Memory chip costs have risen by at least 50% quarterly since late 2025 due to increased demand from AI data centers.
Bias read (Center): The article presents factual information without overtly favoring any political perspective. It quotes Apple’s CEO and references third-party research without editorializing or biased language.
Official sources cited
- organisation Apple CEO Tim Cook
- organisation Wall Street Journal
- organisation TechInsights
