[esdott]

Typically, lower demand means lower prices - at least in the short term. I believe that TSMC is saying that demand is decreasing quickly and a supply glut will need to clear until it gets better. Just my two cents.

[panarky]

>> If Apple could build an iPhone for 1 cent ...

... then Samsung can also make a phone for 1 cent, and they might try to steal share by selling for $400, and some consumers would switch, etc.