- Apple has announced price hikes will be coming to its products
- These increases could be ‘fairly imminent,’ according to one reporter
- The price changes are due to ongoing component shortages
A few days ago, Apple CEO Tim Cook announced the disappointing news that “unfortunately, price increases are inevitable” for his company’s products, all thanks to the ongoing computing component crisis. And if you were hoping that you could weather the storm a little longer, we’ve got some bad news: Apple device costs could be going up sooner rather than later.