I swear that I read this comment in 2019, and it's still wrong today. Young people want iPhones, go look at Apple's revenue breakdown. iPhones and iPhone accessories dwarf Mac sales, the only comparable product in terms of revenue is the iPad. There is no evidence that Apple Silicon has changed that B2C story.

In the broader B2B sense, Apple lost pole-position to Nvidia. They're not the ecosystem kingmaker they once were, and their ARM architecture is failing to subsume demand for their competitors. The "Private Compute" Mac-based servers are going terribly according to reports, and their contribution to the chip shortage has even driven them to collaborate with Intel Foundry Services: https://www.macrumors.com/2025/11/28/intel-rumored-to-supply...