Apple plans price increases as memory costs surge (opens in new tab)

Apple CEO Tim Cook said in a Wall Street Journal interview that product price increases are unavoidable as a global shortage of DRAM and NAND memory raises component costs for consumer electronics, according to accounts of the interview. Cook said Apple has not decided which products would be affected or when, while several reports pointed to Apple’s September iPhone launch cycle as a likely time for more detail. The pressure comes from memory suppliers including Micron, SK Hynix and Samsung ...