Apple and Microsoft raise prices up to 25% as AI-driven demand creates chip shortage crisis
Apple and Microsoft announced major price hikes across their product lines, with iPads jumping 25% and Xbox consoles rising by $150. The companies blame AI-driven demand for memory chips, which has created an unprecedented supply shortage. Apple's MacBook Air now starts at $2,099 in Australia, up from $1,799, while Microsoft discontinued its 2TB Xbox model entirely. Industry analysts warn this marks a permanent shift in consumer electronics pricing.