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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The Apple-Intel chip manufacturing deal is facing timeline challenges, with analysts expecting production to take two to three years. On June 25, Apple raised prices on Macs by 15-20% and iPads by 15-25% due to soaring memory and storage costs. On the same day, Apple stock fell nearly 4.89% following the price hike. Apple stated that unprecedented demand for memory from AI data centers caused the increase. On July 2, American Express expanded its partnership with Apple to allow cardholders to redeem rewards points at checkout via Apple Pay.