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Apple CEO confirms price hikes, Take Two announces GTA 6 preorder date
Yahoo Finance Senior Reporter Brooke DiPalma and Market Domination host Josh Lipton take a closer look at some of Thursday's trending tickers and stories, including Apple (AAPL), travel stocks, and Take Two (TTWO).
Time to cover some of today's trending tickers brought to you by CBO. We're watching Apple, travel stocks and Take two. Join me now we got Yahoo Finance's Brooke De Palma.
All right, Brooke, we'll start here with Apple, because Apple's Tim Cook, he's talking to the journal. He says Apple does plan to raise prices on its products to offset really the the surgeon costs of memory chips. Unfortunately, price increases are unavoidable, Cook says. Now, he doesn't offer details on the timing or the scale of the plan and price increases, nor which products, but what he is telling you is, uh they're not just going to just going to take the margin hit here.
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