Comment by bigyabai

It perfectly supports my argument, if Apple has reduced access to TSMC capacity: https://en.wikipedia.org/wiki/Price_elasticity_of_demand

And they objectively do. In 2019 Apple had TSMC 5nm all to themselves; now they're fighting with Nvidia for capacity. Nevermind the rumor that Apple is sampling Intel Foundry Services, the mere fact that there is TSMC 2nm and 3nm capacity Apple is unwilling to buy is proof that their agreement is limited.