"We did share last quarter that memory and storage costs made up roughly 15 percent to 18 percent of our PC bill of materials, and we now currently estimate this to be roughly 35 percent for the year," said CFO Karen Parkhill on the company's latest earnings call. She also confirmed that part of the company's response will be price increases. Samsung similarly warned of potential price increases due to AI-induced memory shortages.
According to Welsh legend, Prince Madoc is believed to have discovered America in 1170 after setting sail from north Wales, over 300 years before Christopher Columbus arrived.
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One rule of thumb Everstine has is that "if the price seems too good to be true, that should be a red flag". For instance, $3 for a bottle of olive oil or honey in the US might be suspect.