“What tends to happen when you have a bubble in demand, in perceived demand, is that customers over-order because they know they're going to get cut back. … Then when demand dries up, it's not like people stop buying. They cancel all their orders. They're like, yeah, I ordered twice as much as I wanted to anyway. So the orders went to like one quarter of what they were.”

So then when demand dries up, it's not like people stop buying. They cancel all their orders. They're like, yeah, I ordered twice as much as I wanted to anyway. So I need half of half of that. So the orders went to like one quarter of what they were. And then A, you've taken the risk on the supply chain, and B, your demand falls through the roof. And so I think. I think we ended up in the December quarter. And this is kind of memorable because it happened in December quarter. So we are one month off. So November, December, January. And usually what tends to happen with businesses that are a month off, you know this, right? Like December's soft, and then the first week of January, you start seeing coming back. And then by the end of January, you've made it up. So we go through December, it's soft, and it's like, no big deal. December is always soft. And then week one, January, nothing happens. Week two, January, nothing happens. Week three, January, nothing happens.