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-5 points

They may have had a contract for a certain number of chips for lightning and they’re using them in the lower iPhones instead of taking a loss.

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0 points

They also may simply not have had enough supply of chips for the newer iPhones

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-1 points

That too. But likely just engineered premium.

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4 points

The old chips are on a larger node and cheaper to make. They are reserving the expensive chips for the expensive phone to save margin.

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