Apple Hikes Mac and iPad Prices as Chip Costs Surge

The MacBook Pro saw the steepest increase, climbing $300 to reach $1,999, while the MacBook Air rose by $200 to $1,299. Entry-level models were not spared; the MacBook Neo jumped $100 to $699. Tablets also faced significant markups, with the iPad Air increasing by $150 and the iPad Pro by $200. While iPhone pricing remains stable for the moment, the company acknowledged that component volatility is creating pressure that may soon force further adjustments.

This price surge stems from intense competition for silicon. Demand for AI-focused chips from tech giants like Meta, Amazon, and Google has caused component costs to quadruple over the last year, overwhelming Apple’s typical purchasing leverage. Investors reacted sharply to the news, sending Apple stock down 6.1%—the company’s largest single-day decline in over twelve months. Incoming CEO John Ternus, scheduled to take the helm on September 1, faces this supply chain crisis as his immediate priority.