Apple plans to increase product prices due to a memory chip shortage caused by high AI demand, impacting iPhones, Macs, and iPads. Tim Cook describes the situation as a 'hundred-year flood.'

CUPERTINO, California — Apple Inc. will raise prices on its products to offset soaring costs of memory and storage chips, Chief Executive Tim Cook said, citing an unprecedented supply crunch driven l… [+4442 chars]

Originally published by Ibtimes.com.au