New Delhi, June 18: Apple may increase the prices of its devices in the coming period as global costs of memory and storage components continue to rise, Chief Executive Officer Tim Cook has indicated.

The company said that persistent cost pressures in semiconductor supply chains are impacting key input materials used across its product range, including smartphones, laptops, tablets, and other connected devices. Memory and storage chips, which are essential components in modern consumer electronics, have seen notable price increases due to supply constraints and rising global demand.

Apple stated that while it continues to focus on supply chain optimisation, operational efficiency, and long-term vendor partnerships, sustained increases in component prices may eventually be reflected in retail pricing.

Industry experts note that the development highlights broader inflationary pressures within the global electronics manufacturing ecosystem, particularly in segments dependent on advanced chip technologies. The trend could potentially influence pricing strategies across multiple technology companies beyond Apple.

Analysts also suggest that strong demand for high-performance devices, coupled with constrained supply in certain semiconductor categories, is contributing to upward cost pressure across the sector.

The company has not announced any immediate changes to product pricing but acknowledged that adjustments may be considered if current cost trends persist in the global supply chain environment.