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Tim Cook says Apple price increases are 'unavoidable' due to memory crunch
In an interview with The Wall Street Journal , Apple's outgoing CEO all but confirmed that higher prices are on the way for the company's products. "Unfortunately, price increases are unavoidable," Tim Cook told the publication.
AI Summary
The memory shortage affecting the technology industry has led Apple to consider price increases for its products. According to Tim Cook, the company's outgoing CEO, these price hikes are unavoidable due to the significant increases in memory costs. Apple is attempting to minimize the impact of these price increases on its customers. However, the company's efforts to shield consumers from the rising costs may be limited by the severity of the memory shortage.
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