The supply chain chess matchBank of America’s analysis paints a picture where Apple’s biggest problem isn’t convincing people to buy iPhones. The bank notes that persistent chip supply constraints continue to impact production across iPhones, Macs, and iPads, meaning growth is being bottlenecked by manufacturing capacity rather than consumer apathy. What this means for investors and crypto marketsFor traditional equity investors, the 28% jump in purchase commitments is a strong leading indicator. Apple explored blockchain technology for supply chain transparency back in 2019, according to SEC filings from that period. When Apple absorbs a larger share of advanced semiconductor capacity, it tightens supply for everyone else.