Business

Apple Warns of Price Hikes Due to AI Chip Shortage

Updated 2026-06-17 22:10 UTC 1 source Negative

Apple has announced it will raise prices due to increased demand for memory chips used in AI servers. The tech giant's CEO, Tim Cook, stated that these costs are inevitable and must be passed on to consumers.

Coverage timeline — 2 articles

MarketWatch

Stock-market pessimists have one less reason to worry as shares of banks and retailers perk up

The rally is once again broadening beyond tech

2026-06-17 21:54 UTC

MarketWatch

It’s ‘unavoidable’: Apple says it will be forced to raise prices due to the AI boom

Tech giants are gobbling up memory chips for AI servers, leaving Apple with soaring component costs that Tim Cook says will inevitably be passed on to consumers.

2026-06-17 22:01 UTC