Tim Cook Warns of Unprecedented Surge in Chip Costs Impacting Apple
Apple CEO Tim Cook has described the rising costs of DRAM and NAND chips as a '100-year flood,' warning that these surging expenses are becoming unsustainable. The iPhone 18 Pro is expected to see price increases, potentially reaching $1,299 from $1,099 due to supply chain pressures driven by AI infrastructure spending among major hyperscalers.
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Topics: AI infrastructure spending Apple DRAM and NAND costs iPhone pricing Tim Cook