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A research firm's survey shows that prices for 4,923 food and beverage items in Japan will rise in September, more than triple the number from a year earlier and the highest monthly tally in over three years. Businesses cite rising raw material, logistics, and energy costs, which is expected to pressure consumer spending and prompt government support.
Apple and Microsoft have simultaneously raised prices on key products due to soaring memory chip costs, driven especially by AI demand. The increases are commonly 20% or more, with some devices rising by nearly $1,300. Analysts warn the moves could hurt sales and signal a tough year ahead for consumer tech.
Apple CEO Tim Cook says the company will raise product prices due to soaring memory chip demand from AI data centers. He called the price increases unavoidable and a "once-in-a-century flood" in the supply chain. The iPhone Pro line may see a $270 price increase to maintain profit margins.
Nintendo Co. expects net profit to fall 26.9% to 310 billion yen in fiscal 2026 due to slowing Switch 2 sales after a planned price increase. The forecast reflects market cooling for its flagship product, with profit dropping from 424 billion yen in fiscal 2025.
