India, June 26 -- Amid soaring global memory and storage costs, big tech giant Apple has hiked the prices of its many key products in India. However, iPhones have so far been spared from the price increases.

The hikes impacted several of its products such as MacBooks, iPads, Apple TV and HomePod devices. Apple's online store briefly went down yesterday and came back online with the updated price changes.

"The consumer electronics industry is facing an unprecedented challenge. The rapid expansion of AI data centers has created an extraordinary surge in demand for memory and storage. We have never seen a component price increase this much, this quickly," Apple said in a statement to CNBC.

The iPhone maker also reportedly said that it has...