Anticipation is building for Apple's annual iPhone launch event in September, where the company is expected to reveal its first foldable phone. Questions remain though on whether consumers will be willing to pay big bucks for this device.

Last week, reports began swirling that Apple would soon raise prices due to "RAMageddon," a term for the storage and memory chip shortage driven by the rapid expansion of AI infrastructure. However, it was unclear when exactly that would happen or which ...