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Apple CEO Tim Cook confirms product price increases due to rising chip costs

By

Lance Whitney

5d ago· 5 min readenNews
technologybusiness

Summary

Apple CEO Tim Cook confirmed in a Wall Street Journal interview that the company plans to raise prices on iPhones and other products due to increased costs and reduced supply of memory and storage chips. The price hikes are described as unavoidable, though Apple is attempting to mitigate the impact. This affects consumers looking to purchase new Apple devices.

Source

bskyApple CEO Tim Cook confirms product price increases due to rising chip costszdnet.com

Key quotes

· 2 pulled
Unfortunately, price increases are unavoidable.
We're doing our best to mitigate the huge increases that are being passed to us.
Snippet from the RSS feed
In a Wall Street Journal interview, Apple CEO Tim Cook confirmed plans to raise product prices due to the supply pressure and cost increases on memory and storage chips.

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