Apple Store External Storage Prices Spike Amid AI-Driven Shortage

Apple last week hiked the prices of external hard drives sold through its online store and retail locations, as noted by Bloomberg's Mark Gurman. Writing in his latest Power On newsletter, Gurman said that Apple updated the pricing on several external drive offerings recently, and the increases are steep. For example, a SanDisk 4TB solid-state external drive that previously sold for around $500 now costs $1,200, while a 1TB model has jumped from $120 to $360. The price hikes are said to be indirectly caused by the AI-fueled demand for memory and storage chips, which is continuing to squeeze the consumer market. Gurman noted that it is vendors who set the pricing on third-party accessories, rather than Apple. However, the impact on buyers is the same regardless. It's not just a pricing issue either. External drives on Apple's online store are largely sold out, with most models showing no availability for delivery or in-store pickup. Shoppers at physical Apple Store locat