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Rewritten from BBC — Business 1 min read
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Apple plans to increase prices due to rising chip costs

Apple's outgoing CEO Tim Cook has confirmed that the company will increase prices due to higher chip costs related to artificial intelligence. Specific details regarding the timing and affected products were not disclosed.

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Apple's outgoing CEO Tim Cook announced that the company will raise prices, although he did not specify when the price increases will take effect or which products will be impacted. The price hike is attributed to rising costs associated with artificial intelligence-driven chip production.

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Original Headline

Apple to raise prices as AI pushes up chip costs

Neutral Headline

Apple plans to increase prices due to rising chip costs