The “private version of QT” sparked by the AI boom is starting to spread to consumers
Key point this time: The AI boom is shifting from a “growth story” to a “distribution of cost burden.”
Apple’s price increase is not just a revision of product prices, but a signal that shortages of components and rising costs due to AI infrastructure investments are beginning to ripple into consumer devices. The AI boom isn’t confined to GPUs and data centers; it is starting to create a structure akin to a private QT that sucks in memory, electricity, capital, and cash flow.