@Shyon:
My stock in focus today is $Apple(AAPL)$ , following a strong earnings report and solid forward guidance. Apple delivered an impressive fiscal Q1 and guided for 13–16% revenue growth in the March quarter, even after accounting for iPhone supply constraints. Management emphasized that demand remains strong, and sales could be higher if chip supply were more sufficient. More importantly, the supply bottleneck lies in advanced SoC manufacturing capacity for A-series and M-series chips, not memory. With heavy reliance on TSMC’s leading-edge nodes, Apple’s silicon strategy once again proves to be a long-term competitive advantage rather than a structural risk. Despite rising component costs, Apple expects gross margins to improve to 48–49%, highlight
