Come on, if that is the correct call on that TD pass then the NFL doesn't know what a completed pass is.
The guy took 3-4 steps in bounds with the ball securely in his arms, and then a few more out of bounds as he was falling, rolls over out of bounds, and the ball comes out. If he was bobbling it, I could see their point. But he wasn't bobbling it at all for those 3-4 steps in bounds.
Wish I could find a GIF of it.