Tech Giant

Apple is preparing to increase prices across its product line due to a global memory shortage intensified by AI demand. CEO Tim Cook cited an “unsustainable” supply situation, forcing adjustments even for a company like Apple. Analysts predict hikes on premium devices like iPhones, with potential for Apple to gain market share against Android as chip costs rise. Apple plans to leverage its cash reserves to secure components, potentially integrating more RAM for enhanced AI features.

LG Electronics India plans a major IPO, potentially valued at $8.71 billion. This follows a stock surge driven by new automotive solutions powered by Google’s Android Automotive OS. The innovative in-car system uses a single SoC to manage multiple, diverse displays. The growing Android Automotive OS market, projected to reach $2.14 billion by 2035, supports the bullish outlook for LG’s offering.