Memory Chip Shortage Drives Tech Price Hikes

Elon Musk agrees with what Apple CEO Tim Cook said has shocked him; says: Biggest ...

Tech giants like Apple and Microsoft are significantly increasing prices for devices like iPads, MacBooks, and Xbox consoles due to a severe global memory chip shortage. This surge, driven by the AI boom's demand for data centers, has quadrupled memory costs. Apple stated they absorbed these increases for as long as possible before passing them on to consumers.

By TOI TECH DESK