Washington DC. Apple plans to increase the prices of its products as the cost of memory chips it uses has risen sharply, the company's chief said. Apple's outgoing chief executive Tim Cook said in an interview with The Wall Street Journal that the price increase is 'inevitable' as the situation regarding memory chips has become unstable and uncertain. He did not clarify when the price would increase or which product would be affected. It is not yet clear whether the price will increase for the iPhone 18, which is expected to be released in September. Memory chips are an essential...