Ming-Chi Kuo Challenges Report of $1 Billion in Apple Chips Stuck at TSMC: 'Tight Memory Supply is Real,' But This Doesn't Add Up
Key takeaways
- Ming-Chi Kuo disputes the report, citing industry checks that confirm Apple has scaled back shipment plans due to memory shortages.
- Apple's Q3 revenue: $109.42 billion
- Apple's Q3 earnings: $2.02 per share
- TSMC's inventory levels: $1 billion in Apple processor work-in-process (WIP)
What happened
Ming-Chi Kuo disputed a report claiming TSMC has $1 billion in Apple processor work-in-process due to memory shortages.
Why it matters
The report's accuracy affects Apple's and TSMC's financials, as well as the impact of memory shortages on Apple's hardware shipment plans.
Short-term and longer-term
Short-term. Apple's memory shortages and TSMC's inventory levels will be closely watched in the coming weeks, with potential implications for both companies' financials and revenue.
Longer-term. The disputed report highlights the complex relationship between Apple's memory shortages and TSMC's inventory levels, with implications for both companies' financials and revenue.