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Tim Cook, CEO of Apple, speaks on stage during an Apple event while wearing a dark polo shirt and glasses against a large digital backdrop.

Apple CEO Tim Cook Indicates Device Price Hikes Amid Rising Component Costs

Apple CEO Tim Cook has signaled that the company plans to increase prices for its devices, citing an "unprecedented" surge in memory chip costs and availability challenges. The anticipated price adjustments reflect broader supply chain pressures affecting the global technology sector and could impact consumer spending and inflation metrics.

  • Tumisang Bogwasi
  • June 19, 2026
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