Apple is reviewing memory products from Chinese maker CXMT as memory supply shortages persist. Japanese ITmedia reported Apple is evaluating CXMT components while seeking assurances from the U.S. Commerce Department that CXMT will not be added to the Entity List. Analysts say the move reflects a longer-than-expected shortage and rising costs. Research firm TechInsights sees memory and storage costs for a future iPhone potentially rising sharply. Micron executives cited past customer price pressure and a 2023 downturn that cut investment.

Apple has raised prices for its Mac and iPad lines, the Wall Street Journal reported on Wednesday. The increases come a week after CEO Tim Cook said higher prices were unavoidable because memory and storage chip costs had surged. Mac prices rose about 15 to 20 percent and iPads 15 to 25 percent. iPhone prices were unchanged, but Apple signalled possible further increases.