The global shortage of memory chips is causing significantly higher costs for Apple, which may lead to increased prices for its products.

Apple CEO Signals Lingering Memory Chip Shortage, Price Hikes Loom Apple CEO Tim Cook warns that a global memory chip shortage will increase costs and could lead to higher prices for iPhones and Macs starting in June. #Apple, #ChipShortage, #iPhonePrices, #MacCosts, #TechNews https://newsletter.tf/apple-chip-shortage-price-hikes-from-june/

Apple faces rising costs for memory chips, a problem that is worse than last year. This could mean higher prices for iPhones and Macs. #Apple, #ChipShortage, #iPhonePrices, #MacCosts, #TechNews https://newsletter.tf/apple-chip-shortage-price-hikes-from-june/

Rising memory prices will have an “increasing impact” on Apple’s business. Apple CEO Tim Cook said during an earnings call that the company expects “significantly higher memory costs” in the upcoming quarter. He added that Apple will “look at a range of options” to address the global shortage.