Apple raises Mac and iPad prices due to memory chip shortage

Apple has raised prices on its MacBooks and iPads by up to 20 percent, with some models costing hundreds of dollars more. The company blamed the increases on a global shortage of memory chips, which it called 'extraordinary' and 'RAMageddon.'

For now, Apple has not raised prices on iPhones. The price hikes affect both new and existing models, and analysts say the chip shortage is driving up costs across the electronics industry.