According to Euronews, Apple will no longer be able to absorb the escalating costs associated with memory chips as demand for artificial intelligence technology continues to surge. Tim Cook stated that price rises for consumers are now unavoidable as a direct consequence of these market pressures.
The announcement has prompted concerns regarding potential inflationary impacts throughout the wider technology sector. These developments follow the significant industry-wide investment in hardware capable of supporting advanced AI capabilities, which has placed substantial strain on the supply chain for essential components.
Source: Euronews. Read the original report ↗