Apple to raise prices as AI boom pushes up chip costs
Apple plans to raise product prices due to surging chip costs driven by increased demand from the AI boom, Tim Cook said. The outgoing CEO noted that these price hikes are unavoidable as supply shortages persist. Analysts predict the average smartphone price will rise by 20% in 2026, with Apple's new phones potentially costing up to $150.
Summary by OZbrief Editorial · BBC News – World · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 18 Jun 2026, 07:27 UTC · Updated 18 Jun 2026, 12:40 UTC
Summary by OZbrief Editorial. Original report: BBC News – World. Editorial policy · Corrections
Related stories
- Tech C.E.O.s to Discuss A.I. With G7 Leaders
- US struggles to defend Iran deal as 60-day negotiation period begins
- Homeowners and businesses install solar panels to cut rising energy costs
- Israel and Hezbollah agree to a ceasefire as US-Iran deal under strain
- Trump Defends Deal to End the War With Iran as Details Emerge
- Ivory Coast's Wahi cleared to travel to Canada
Trending
- Royal Ascot 2026: horse racing updates from day five – live
- JLR at risk of battery supply delays after Somerset factory turmoil
- ‘Horrific’: Train delays after man dies in fuel tanker rollover in Darnum
- Andy Burnham wins Makerfield byelection, emerges as Labour leadership contender
- Tips and race-by-race guide for Wagga Wagga on Sunday
- Injury woes mount for Tigers