Apple warns of unprecedented memory chip price surge, says it will hit margins

Apple warned that memory‑chip prices are rising at an “unprecedented” pace, a development it said is forcing the company to compete with datacentres for supplies. The iPhone maker noted that a decision to raise its own product prices has mitigated part of the impact and that its revenues are stronger than expected. However, Apple told investors the higher chip costs will compress profit margins, and its shares fell in after‑hours trading following the announcement.