Last week Apple said it was going to raise prices, because the AI data center boom was making its chips more expensive. Today, Apple unveiled price hikes of at least 15% on many of its MacBooks and iPads.
The tech giant cited the soaring costs of memory and storage chips as it increased prices more than $200 on some devices.
Apple raised the prices of its Macs by 15% to 20% and iPads by 15% to 25% Thursday morning (June 25), attributing the increases to the surging costs of components used in the devices, the Wall Street Journal reported Thursday. The company didn't change the price of its iPhones, according to the report.
Apple increased prices on select MacBooks and iPads Thursday morning on the heels of a blowout Micron earnings report.
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Apple on Thursday announced price hikes for laptops and tablets ranging from $100 to $300 per item after CEO Tim Cook warned higher memory and storage costs fueled by the AI surge would make the increases "unavoidable.”
Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry's datacenter buildout.
The increases come a week after Tim Cook said higher memory costs made them “unavoidable.”
Shares of tech giant Apple Inc. NASDAQ: AAPL are trading just under $300 this week, as they continue to bounce off their low from earlier this month and move back towards the all-time high they hit a few weeks ago.
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Apple aims to release "better and more" TV shows and movies on its streaming service and in movie theaters, senior executive Eddy Cue told Reuters as he accepted an entertainment industry honor in France.
Shares of Apple Inc NASDAQ: AAPL are trading just below $300 this week, having staged a steady recovery from last week's lows that followed the start of its Worldwide Developers Conference (WWDC).