Apple Raises Prices Due to Surging Memory and Storage Costs. Can Consumers Absorb the Impact, or Is This the Breaking Point?
Apple cites "an unprecedented challenge" from the expansion of AI data centers.
Apple Raises Prices Due to Surging Memory and Storage Costs. Can Consumers Absorb the Impact, or Is This the Breaking Point?
Overview
The build-out of artificial intelligence is coming at an enormous cost. And today, Apple (NASDAQ:AAPL) put a price tag on what some of those costs will mean to its customers.
Apple on Thursday announced a series of price hikes for its popular MacBook computers and iPad tablets. CEO Tim Cook said that rising prices for memory and storage components made the price increases unavoidable.
Details
Apple stock dropped 5% in afternoon trading. Are investors overreacting to the news?
Source
Originally published at www.fool.com.
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