Patel projects smartphone volumes dropping from 1.1B to 500-600M next year due to memory costs.
“our projections are we maybe get down to like 800,000,000 this year, and next year like 600 or 500,000,000.”
Patel predicted memory prices would soar because capacity grows 30% annually while demand doubles.
“Memory capacity is only growing 30% a year for the next three years. And yet demand is doubling, is doubling. And so what's gonna end up happening is memory prices are gonna keep soaring.”
Patel predicts iPhone and MacBook prices must rise as AI demand drives memory shortages.
“And right now, you know, if MacBook prices or iPhone prices go up a $100, that market's not gonna adjust too much,”