Apple iPhone Suppliers Post Strong Revenue Numbers Despite Supply Issues
Last updated June 16, 2021
- TSMC and Foxconn posted solid revenue numbers in November, putting aside pessimism surrounding the Apple manufacturers.
- TSMC achieved a record revenue figure of $19.5 billion last month.
- Despite the solid revenue figures, sales numbers continue to be on the decline at TSMC.
Apple iPhone chipmaker Taiwan Semiconductor Manufacturing Company Limited (TSMC) faced a security incident earlier this year that was expected to slow down the supply chain of the new iPhone XS and XR. Despite the pessimism surrounding TSMC and Foxconn and reported order cuts, both companies posted strong revenue numbers in November.
Foxconn and TSMC are extremely important to Apple’s supply chain, and they were able to push out enough Apple SoCs for the new iPhone devices that were launched recently. The A12 chipset that is included in the latest iPhone XS and XR is manufactured at TSMC’s manufacturing units in China while Foxconn is responsible for assembling Apple’s handsets.
TSMC’s November revenue of $19.5 billion broke all previous records of the company. While the sales figure of $3.1 billion did not break any records and is, in fact, lower than its figures in October, the overall performance is quite impressive. The downturn in cryptocurrency markets in late 2017 had pushed TSMC’s financial standing heavily last year, but the cryptocurrency market has been on the decline in 2018.
There has been a lot of pessimism surrounding the sales figures of the new iPhones, especially with the company deciding not to publish sales reports going forward. The tech giant wants its customer base to see the quality of products that are on offer instead of sales figures. With raw sales figures not being published from the next quarter, analysts will continue studying the sales figures of the company’s manufacturers like TSMC to get a grasp of how the devices are doing globally.
Apple’s stocks had gone significantly low with a 25% dip compared to its value just three months ago. Many analysts have predicted that the company’s sales will continue to drop next year. With iPhone prices increasing each year, sales are going down, but enough people are interested in the devices not to let the revenue numbers dip for the tech giant.
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