Apple’s Price Hikes Due to AI Chip Shortage

Apple’s facing unavoidable price hikes for its devices due to skyrocketing costs of memory and storage chips, driven by AI companies gobbling up DRAM chips. CEO Tim Cook, stepping down in September, called the chip market a “hundred-year flood,” warning consumers to brace for higher prices as supply tightens. Apple won’t build its own chip factories but may use reserves to help stabilize supply. With the iPhone 18 launch looming, expect sticker shock—and maybe a new CEO in the fall. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9e7147a1f1107cd6