Remember when the pandemic first picked up speed in 2020? Working from home became so popular among companies that the acronym WFH was seen everywhere. And students had to deal with learning from home via streamed classes. Both those working for a living behind a desk and students getting educated, ended up shelling out to buy the latest tablets including iPads from Apple.
Apple has seen demand rise and fall for the iPad thanks to the pandemic
Since the end of the pandemic, iPad sales have been declining
Kuo says that the semiconductor industry could bottom out during the second half of this year
One of the most important foundry suppliers, ASML, is having issues as well says Ming-Chi Kuo. The Dutch firm is the only company in the world that manufactures the extreme ultraviolet lithography (EUV) machines used to etch circuity patterns on silicon wafers for advanced semiconductors. These machines cost $200 million each and the next generation machine will be priced at $300 million. But the analyst says that ASML will cut 2024 shipment forecasts by 20% to 30%.
