Apple flags iPhone price hikes as memory chip costs surge on AI demand
CEO Tim Cook signals unavoidable price increases as memory and storage chip costs spike amid AI-driven demand. Move ripples into India, where Tata's Tamil Nadu plant assembles iPhones for domestic and export markets, pressuring premium smartphone affordability.
Apple CEO Tim Cook says price hikes are unavoidable as memory and storage chip costs surge amid AI-driven demand. Impacts iPhone pricing globally including India, where Tata operates an Apple iPhone factory in Tamil Nadu.