Apple faces AI memory crunch with upcoming iPhone lineup

CNBC's MacKenzie Sigalos reports on Apple's plan to release five new iPhone models through 2027, including its first foldable, driving a 50% jump in memory demand for AI features. Tim Cook is pressing to secure memory supplies before stepping down, including talks with blacklisted Chinese suppliers. Apple stock rose 4% on the news, helped by locked-in long-term supply contracts. - Apple planning at least five new iPhone models through early 2027, including a foldable. - Memory demand expected to rise by up to 50% for AI features in upcoming iPhones. - Apple raising Mac and iPad prices but holding iPhone pricing steady. - Tim Cook intensifies supply chain negotiations ahead of his departure. - Apple reportedly in talks with Chinese memory suppliers that are on Pentagon and Commerce blacklists. - Micron signed 15 long-term contracts, with phone makers among the unnamed clients. - Apple stock up 4% on supply chain deal lock-ins.