Apple to Raise Prices Amid Cost Pressures
Apple plans to increase the prices of its products to compensate for rising costs of memory and storage chips, amid strong demand driven by artificial intelligence and dwindling supplies of key components. Tim Cook confirmed that the price hike will support the company's sustainability, although no specific date or percentage of the increase has been announced. Reports also suggest the possible launch of the first foldable iPhone in September, alongside the iPhone 18 Pro and Pro Max.
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