Tim Cook Says Apple Price Increases Are 'Unavoidable' Due to Memory Costs (opens in new tab)

Apple is raising its prices to offset the high cost of memory and storage, Apple CEO told The . Apple is no longer able to absorb the increased prices and will need to pass some of the cost on to consumers. "Unfortunately, price increases are unavoidable," said Cook. "We're doing our best to mitigate the huge increases that are being passed to us, and we've been trying to shield our customers from the increases, but the situation has become unsustainable." Cook did not say which products will...