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Apple hikes device prices, names new CEO, shuns factory build

6/18/2026

50 11 Full Breakdown

Summary

Story summary

Apple will raise prices because of RAM and storage shortages, pushing the Mac mini from $599 to $799.
The Wall Street Journal projects the iPhone 18 Pro to start at $1,299, up from $1,099 for the iPhone 17 Pro.
On September 1, Apple will appoint John Ternus as CEO while Tim Cook becomes chairman.
Apple will use cash to boost supply but will not build its own memory or storage factories.

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Story summary

Apple will raise prices because of RAM and storage shortages, pushing the Mac mini from $599 to $799.
The Wall Street Journal projects the iPhone 18 Pro to start at $1,299, up from $1,099 for the iPhone 17 Pro.
On September 1, Apple will appoint John Ternus as CEO while Tim Cook becomes chairman.
Apple will use cash to boost supply but will not build its own memory or storage factories.