Tim Cook warned of a ‘hundred-year flood’ striking tech giants — and now Apple is raising prices. What it means for you

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.

Tim Cook has spent more than four decades inside the global electronics supply chain.

From IBM to Compaq to Apple, he has lived through shortages, cost spikes, shipping chaos and economic shocks.

Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one

A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change

A record 45% of central banks plan to grow gold reserves — and many investors are following suit. Get your free gold IRA guide from Priority Gold

"This is a hundred-year flood," Cook told The Wall Street Journal (1) in an exclusive interview. "I've never seen anything like it in any area in over 40 years."

The warning came as Apple prepares to raise prices on its products to offset surging costs for memory and storage chips used in iPhones, Macs, iPads and other devices.