Apple's Price Hikes Highlight Memory Chip Crisis Amid AI Industry Challenges
Apple raised prices on iPads and MacBooks due to soaring memory chip costs, causing a significant drop in its stock price before partial recovery. The company is also lobbying the U.S. government for permission to buy chips from Chinese firm ChangXin Memory Technologies (CXMT), which is blacklisted by the Pentagon.
Topics: geopolitical_risk memory_chips pricing_strategy supply_chain_disruption