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Apple Raises MacBook, iPad Prices on Thursday, Market Cap Falls $263 Billion; Lobbies for Approval to Source from China's Yangtze Memory

GateNews
Stocks
According to Financial Times, Apple raised prices for MacBook and iPad on Thursday, June 26, and saw its market capitalization drop by $263 billion. The pricing adjustment comes as the company faces rising memory chip costs. Apple is reportedly lobbying the Trump administration to approve sourcing memory chips from China's Yangtze Memory Systems, a supplier currently blacklisted by the U.S. Defense Department. The company hopes to ease supply chain pressures by expanding its supplier base beyond the current market leaders—Micron, Samsung, and SK Hynix.
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