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International Business Times UK
International Business Times UK
Technology
Tanmay Puri

Planning To Buy An iPhone? You May Want To Do It Before Apple Raises Prices

Apple Signals Potential iPhone Price Increase As Chip Costs Climb (Credit: Pixabay)

Anyone considering buying a new iPhone may want to act sooner rather than later. Apple is preparing to increase prices across its product range as it faces rising costs for memory and storage chips, according to comments made by Chief Executive Tim Cook in a recent interview.

The company has so far attempted to absorb the higher costs rather than pass them on to customers, but Cook said that approach can no longer continue indefinitely.

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