Good morning. It’s starting to feel like Apple is a semiconductor company that just happens to make devices and software.
The iPhone maker will reportedly skip higher-end “Pro,” “Max,” and “Ultra” variants of its forthcoming, Arm-based, TSMC-made M6 chip in a bid to fast-track the subsequent generation, M7.
At work: Rising component prices, global supply constraints, and rapid advancements in that oh-so-hot area of on-device AI processing—never mind the broader pressures Apple feels to get Siri and its Apple Intelligence suite cooking again.
It’s an AI-eat-AI world, after all. Have a wonderful weekend. —Andrew Nusca
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