Apple: A Semiconductor Colossus

Mar. 17, 2023 12:10 PM ETApple Inc. (AAPL)NVDA, TSM42 Comments


  • Why I decided to revisit the Apple-as-a-semiconductor-company calculations.
  • Estimating equivalent chip prices for the A series and M series chips.
  • Estimating unit volumes for Apple hardware products post fiscal 2018.
  • Combining the unit volume estimates with chip cost and some parametric excursions.
  • Investor takeaways: Apple’s new semiconductor paradigm is the quiet revolution.
  • This idea was discussed in more depth with members of my private investing community, Rethink Technology. Learn More »

Flat Lay of different apple products on a grey background.

Shahid Jamil

In 2015 I wrote an article titled Apple: Becoming A Semiconductor Powerhouse. In the article, I pointed out that Apple's (NASDAQ:AAPL) product volumes for iOS devices were large enough that the value of Apple's custom processors

Amon interview with Stern

Qualcomm CEO Amon (Twitter)

Wafer Prices

Tom's Hardware

iPhone 5s bill of materials

Tech Insights

Estimated Apple Silicon chip costs

Mark Hibben

M series size comparison


SOC weighted average

Mark Hibben

Apple product unit shipments

Mark Hibben, Apple

Apple semiconductor contributors

Mark Hibben

Apple semiconductor comparison

Mark Hibben

Apple semiconductor high ASP

Mark Hibben

Apple semiconductor high ASP mix shift

Mark Hibben

Consider joining Rethink Technology for in depth coverage of technology companies such as Apple.

This article was written by

Mark Hibben profile picture
Balanced, expert investing strategies from a technologist's perspective
Mark has a masters in Electrical Engineering from USC, is an independent iOS developer, and blogs about technology trends and companies, the focus of his investments.

Disclosure: I/we have a beneficial long position in the shares of AAPL, NVDA, TSM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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