Apple hikes some prices by nearly 20% while Xbox raises console cost

Apple has increased prices on some of its products by nearly 20% due to significant component price hikes. The company stated that it has never experienced such a rapid and substantial increase in component costs before. Meanwhile, Xbox has also raised the cost of its consoles, citing similar economic pressures. These price increases reflect the ongoing challenges faced by tech companies in managing supply chain costs and maintaining profitability.

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