Tim Cook Compares Surge in Memory Semiconductor Prices to a Once-in-a-Century Flood
Tim Cook, Apple CEO, compared the surge in memory semiconductor prices to a 'once-in-a-century flood.' He stated that he has never seen such a price shock in his 40-year career. Recently, Elon Musk also described the price increase as 'the largest price increase I've ever seen.' Cook explained that Apple tried not to pass the rising prices of memory and storage devices onto consumers, but the cost pressures have reached an unbearable level. The background of the price surge is the demand from AI data centers, which are rapidly absorbing memory, storage, and power. According to The Wall Street Journal, consumer prices for computer software and accessories have risen by about 15% compared to a year ago. Apple has raised prices on several Mac and iPad models, and major electronics companies like Microsoft, HP, Dell, and Nintendo have also increased their prices. Cook stepped down as Apple CEO on the 1st, and John Turnus has been appointed as the new CEO.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Musk Allegedly Misled by Hacked Account, SLINK Token Market Cap Plummets to Zero

New Grok 4.7 Version to Be Released in 10 Days

Musk Predicts AI Will Drive Global Economic Growth by 20% to 30%

Musk Predicts AI Will Complete All Digital Tasks by End of Next Year, Humanoid Robot Productivity to Exceed Humanity Within a Decade

US Urges G20 to Refrain from AI Regulation

SpaceX Restructures Data Center Leadership to Address Infrastructure Issues

Fedorov Proposes Drone Swap with the US for Patriot Missiles

OpenAI Cuts SpaceX's Access to Its AI: What's at Stake

Ukraine Seeks Starlink Drones to Strike Russian Missile Launchers

Kraken Files For CFTC-Regulated U.S. Perpetual Futures Product

Bitcoin daily transactions hit fourth-highest level in history

Ukrgasbank and Four Other Financial Institutions Fined by NBU: Largest Exceeds 30 Million UAH

Polymarket - Presidential Election 2027: $128M Bet, Blocked in France

The party is over for cryptocurrency scammers who splurged after the million-dollar bitcoin heist

Harmony Cites AI Threats in Proposed Blockchain Shutdown

Bitget Wallet Launches Assetback Rewards In Bitcoin And Tokenized Assets

Flare tokenomics revamp drives staking to 21.5B FLR

Mortgage Loans for Self-Employed Workers: Requirements and Best Alternatives

Willy Woo Warns of Historic Decoupling of Bitcoin; Darkfost Disagrees

Electricity Exports Increased: Sales in August Surpassed Imports Nearly Twice

China Buys Gold at Fastest Pace in 3 Years: What Changes

Satoshi-Era Bitcoin Wallet Moves 600 BTC After 16 Years

How Crypto Trading Is Changing With Zero Fees and AI

Strive signals new Bitcoin buy as ASST hits yearly high

Solana’s “million-payments-a-second” AI system can leave sellers unpaid even after they deliver

El Salvador Plans to Expand Its Bitcoin Reserve Between 2026 and 2027

Operation NABU "Carthage": What Business Thinks About the New Corruption Scandal

BCRA exchanged lecaps for up to $2 billion in dollar-linked securities

Yen Reaches Highest Level Against Dollar Since February, Bitcoin Watches






