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Apple Raises Prices Amid Chip Crunch

Apple Raises Prices Amid Chip Crunch

Published 3 days, 3 hours ago
Description

Apple’s stock nosedived over six percent, erasing $270 billion in market value, as the company raised prices on MacBooks and iPads for the first time ever — passing on soaring memory and storage costs fueled by the AI boom. With chip shortages and industry-wide demand surging, Apple’s MacBook Air jumped to $1,299 and iPad Air hit $749, sending shockwaves through the tech sector, including Dell, HP, Lenovo, and Samsung. Analysts warn this supply crunch is straining the entire industry and rattling investor confidence.

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