This is not Apple's fault and it is just the beginning of AI. Unlike every other software/algorithm/program known to mankind, AI based on neural networks threatens to extract exponentially the entire humanity's supply of computational capacity. Moore's Law hit a fundamental snag in the last decade (e.g. Dennard scaling) and cannot and likely will not keep up. This then would be the worst case scenario with serious long term consequences far beyond the price of consumer goods.

Micron said that they tried to tell 2 of their largest customers (one almost certainly Apple) that the prices they were demanding would result in the cancellation of a lot new construction in 2023, which wasn't in the industries best interests.

It is sort of Apple's fault. They are probably the biggest single buyer of DRAM and NAND globally and they pride themselves on their supply chain management under Cook.

It seems they over optimised this too far.