Apple signals price hikes as memory costs surge (opens in new tab)

Apple CEO Tim Cook said the company plans to raise prices because higher memory and storage chip costs have grown too large to absorb, but he did not say which products would increase, by how much or when changes would take effect. Cook told The Wall Street Journal that Apple was “still working through” the details, with several reports pointing to the next iPhone lineup expected in September as a likely time for clearer pricing information. Cost pressure centers on DRAM and NAND flash storag...