Apple's 3nm Demand May Fall Below Expectations in 2024 [Kuo]

Apple's demand for 3nm chips may fall below expectations in 2024, according to a new report from TF International Securities analyst Ming-Chi Kuo.

The analyst notes that MacBook and iPad shipments have declined significantly and there are a lack of growth drivers for next year's models.

In 2023, Apple's MacBook and iPad shipments declined significantly by approximately 30% and 22% to 17 million and 48 million units, respectively. The sharp decline is attributed to the end of work-from-home (WFH) demand and diminishing user appeal for the new specifications (Apple Silicon and Mini-LED). Looking ahead to 2024, Apple's 3nm demand is negatively impacted by the lack of growth drivers for MacBook and iPad.


Notably, Kuo has also predicted that Apple will not release any new M3 Macs in 2023. Previously, reports had suggested that we could see new M3 13-inch MacBooks and a new M3 iMac this fall. Click here for more details on which M3 models are currently in testing.

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