{"slug": "apple-boss-tim-cook-says-prices-to-rise-due-to-memory-chip-costs", "title": "Apple boss Tim Cook says prices to rise due to memory chip costs", "summary": "Apple CEO Tim Cook told The Wall Street Journal that price increases for Apple products are unavoidable due to surging memory chip costs driven by the AI boom. Cook said the situation has become unsustainable despite efforts to shield customers, though he did not specify which products or when prices will rise.", "body_md": "# Apple to raise prices as AI boom pushes up chip costs\n\nApple plans to raise the prices of its products as the cost of the memory chips it uses has surged, the technology giant's boss has said.\n\nTim Cook, Apple's outgoing chief executive, told The Wall Street Journal (WSJ) that price increases are \"unavoidable\" as the situation around memory chips has become \"unsustainable\".\n\nHe did not say when prices will rise or which products will be affected. It is also unclear whether the price hikes will affect the iPhone 18, which is expected to be launched in September.\n\nMemory chips are essential components in smart devices like mobile phones, but the boom in artificial intelligence (AI) has driven up their prices in recent months.\n\n\"We're doing our best to mitigate the huge increases that are being passed to us, and we've been trying to shield our customers from the increases, but the situation has become unsustainable,\" Cook told the WSJ.\n\n\"There's less supply at a time when consumers want devices and the memory guys are passing along huge price increases,\" said Cook, who is due to be [replaced by John Ternus as Apple's CEO in September](https://www.bbc.com/news/articles/c1kr19lry18o) after 15 years in the role.\n\n\"We definitely need memory pricing and supply to return to reasonable levels for consumer products. That's the bottom line.\"\n\nCook's comments come after other technology giants have highlighted pressure in the chipmaking industry.\n\nIn an exclusive interview with the BBC this month, Taiwan Semiconductor Manufacturing Company (TSMC) would not rule out price increases as inflation pushed up its costs.\n\nTSMC makes the most advanced chips designed by companies such as Apple, Nvidia and AMD.\n\nEarlier this year, Samsung said that it expects memory chip supply shortages to raise the prices of electronic devices.\n\nThe price of Ram - typically one of the cheapest computer components - has [more than doubled since October 2025](https://www.bbc.com/news/articles/c1dzdndzlxqo).\n\nIn addition to rising AI demand, the war in Iran has also disrupted the global supply of helium, a gas crucial in making semiconductors, adding to the cost of computer chips.\n\nThe [iPhone 17 has been popular](https://www.bbc.com/news/articles/ce8pdk3l4d2o) since the lineup was launched last September. Sales of Apple devices grew by 17% in the first three months of 2026 compared to the same period a year ago, helped by strong demand in China.\n\nThe company raised the price of its Mac Mini compact computers by about $200 (£150) earlier this year.", "url": "https://wpnews.pro/news/apple-boss-tim-cook-says-prices-to-rise-due-to-memory-chip-costs", "canonical_source": "https://www.bbc.com/news/articles/c3wyxvqdx1zo", "published_at": "2026-06-18 03:34:54+00:00", "updated_at": "2026-06-18 03:52:20.347426+00:00", "lang": "en", "topics": ["ai-infrastructure", "ai-chips", "ai-products"], "entities": ["Apple", "Tim Cook", "The Wall Street Journal", "Taiwan Semiconductor Manufacturing Company", "Samsung", "Nvidia", "AMD", "John Ternus"], "alternates": {"html": "https://wpnews.pro/news/apple-boss-tim-cook-says-prices-to-rise-due-to-memory-chip-costs", "markdown": "https://wpnews.pro/news/apple-boss-tim-cook-says-prices-to-rise-due-to-memory-chip-costs.md", "text": "https://wpnews.pro/news/apple-boss-tim-cook-says-prices-to-rise-due-to-memory-chip-costs.txt", "jsonld": "https://wpnews.pro/news/apple-boss-tim-cook-says-prices-to-rise-due-to-memory-chip-costs.jsonld"}}