I wouldn&#x27;t say that. From a materials and complexity standpoint, Apple has a much more difficult supply chain. But from a capital and planning standpoint, Intel has one of the most difficult supply chains out there. Every year they start building fabs that won&#x27;t produce a single production chip for another 3 years, while planning on stuffing it full of capital intensive technology that isn&#x27;t technologically feasible yet and might not even work. Practically speaking, Intel has to accurately forecast what Apple&#x27;s, Oracle&#x27;s, HP&#x27;s, and Dell&#x27;s sales are going to be in 5 years, a good 3 years before those companies even start their strategic and capital plans. A five year forecast for a yearly financial report at Apple might take a couple of economists a week to ballpark, whereas at Intel they probably have teams of economists, statisticians, etc. working around the year to improve their sales forecasts on horizons ranging from a week to a decade.