Apple (AAPL) Stock: iPhone Production Hits Wall as TSMC Chip Supply Runs Short

TLDR Apple posted $143.8 billion in Q1 revenue, up 16% year-over-year, with projections for 13-16% growth next quarter. CEO Tim Cook says TSMC can’t produce enough 3-nanometer chips to meet iPhone demand, constraining sales. Memory chip prices are rising due to AI data center demand, creating additional supply chain pressure. Apple expects 48-49% gross margins [...]

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